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4 posts from August 2015

Getting Lenders to Compete for Your Business with Fundera

Pinch me.

I must be dreaming.

Lenders competing for my business?

No way.



As with many industries, the internet has proven to be a "disruptor" to the way things have been done in the past.

Fundera appears to be bringing this disruption to the process of getting loans and financing for small businesses.

In this case, disruption is a very good thing, as this process has traditionally been viewed as nothing short of a pain in the you know where.


The process of working with Fundera looks pretty simple...

  • Fill out one application
  • Choose the types of loan products you'd like to apply for
  • Choose the best rate from the offers you receive


During the application process on Fundera, you can select from the following options:

  • Traditional term loan
  • SBA loan
  • Short term loan
  • Line of credit
  • Equipment financing
  • Merchant cash advance

Fundera works with a number of financing entities such as: Fundbox, LendingClub, SmartBiz and many others.

These organizations then review your application, and if there is a match, present you with their offer for consideration.

All of your loan shopping done in one place, with one application. What a great idea!


To date, Fundera has closed loans for over 850 businesses with a total loan value of more than $42 million.

They are backed by some of the leading names in venture capital, including Khosla Ventures, First Round Capital and a host of others.

Learn more about the Fundera philosophy and team members as you evaluate how their service can work for you.

Also, be sure to take advantage of their Small Business Loan Toolkit to help you get ready.


I'd love to get your thoughts on the Fundera approach and if your business would use them the next time you need a loan or financing. Please drop you comments into the box below or post them directly.

Have direct experience with the Fundera process? Even better. Let us know how it worked out for you - thanks!



Easily Access QuickBooks from Two Different Locations

I am seeing a common theme that runs through the various QuickBooks message boards on a regular basis.

It goes something like this...

"How do I back up my Quickbooks somewhere so my husband can retrieve it and restore our computer at the office, while I am on vacation working"

Or something similar...

"How can we both access QuickBooks when we are not in the same location?


In the old days, the solution to the above scenarios was to futz around with flash drives or trying some other solution that ended up causing more grief than benefit, and usually causing somebody to overwrite QuickBooks with an older copy of the company data.

While those old-fashioned solutions still exist, I recommend QBox as a MUCH better alternative instead.

QBox allows you to easily sync QuickBooks data across different computers, and those computers don't have to be in the same place.

One computer could be out in the field during the day and the other be in the office.

A bonus for you - QBox can be used to share not just QuickBooks files, but Excel, Word, PowerPoint and more.

Get a free trial of QBox by clicking on the red button in the upper right hand part of their home page.

See for yourself just how easy the QBox solution is...you'll never mess with a flash drive to pass around QuickBooks files again!



Building Assemblies in QuickBooks - See Shortages Quickly

Does your business work with assemblies in QuickBooks?

If so, you'll want to know about a new feature in QuickBooks Enterprise that will allow you to quickly see component shortages that may cause a delay in producing the assembled item.

For example, let's try to build more of an assembly item (a 1500-PM) than QuickBooks says I can. As soon as I try to save it, a window like this appears:

Note the "Show Shortage" button above. If I click it, I get the following information instantly:

This shortage report directs my attention to those items where there is not enough of them to finish the order! It's up to you to take action from there...

You'll find this feature beginning in QuickBooks Enterprise 2015. It is not found in the Premier or Pro versions of QuickBooks.




Will QuickBooks Work with Windows 10?

Are you chomping at the bit to bust out of Windows 8?

Thinking about making the move from Windows 7 into the new Windows 10 at some point?

Not sure how your QuickBooks will work if you upgrade?

According to the QuickBooks and Windows 10 FAQ page, the only version of QuickBooks that is supported with Windows 10 is QuickBooks 2015.

If you use a version of QuickBooks earlier than 2015, it *may* work out just fine for you. Then again, it may not and you'll be scrambling for answers that may not exist.

Personally, I'm waiting for the dust to settle with Windows 10 for a few months before making any type of move. It looks very intriguing to me, and I will definitely be upgrading my Windows 8 machine to it sooner rather than later.

What about you - are you planning to upgrade to Windows 10?