StreetShares announces a bold, industry-leading move by making small business financing even more transparent and affordable. StreetShares is one of the most transparent online business lenders and has never charged prepayment penalties or hidden fees.
To make its product even more transparent, StreetShares is now offering a small business product where absolutely no fees will be charged on small business loans or lines of credit.
What Is The Average Interest On a Small Business Loan?
In an ideal world, you’d be able to determine the exact average small business loan interest rate in order to scope whether a financial institution is taking you for a ride or being extremely generous. Unfortunately, there is no such thing as one specific average interest on a small business loan or even an average SBA loan interest rate due to many contributing factors.
Financial instability is a common occurrence for every business – even Amazon struggled to return consistent profits until recent years. Your small business is probably not getting financial backing like Amazon, so how can your company survive when faced with financial challenges?
Why is it so Hard for Small Businesses to Get Loans?
The digital revolution is here. Today, over 2 billion people use smartphones across the globe and the numbers continue to rapidly grow. As a result, smartphones are opening fresh new opportunities for commerce. If you examine the Google Analytics data of your business website, chances are you’ll notice that most of your traffic comes from a mobile device. A small business looking for growth can take advantage of this massive number of potential clients by creating digital marketing platforms that are mobile friendly and suit the needs of these users. We’ll explore why your veteran-owned business needs to be mobile friendly and how you can take advantage of this technology to continue to grow your business.