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/ By Chris Kay

Top Reasons Small Businesses Need Loans

Sound business management would suggest to focus on controlling expenses, and keep as much cash on hand as possible. This is especially true if a small business owner is ready to expand their company. However, many small businesses run into times when there is a need for greater capital than what is available. During these times, it can seem most reasonable to obtain a business loan. Here are some of the top reasons why small business owners will consider applying for a business loan.   Establish credit.   A short-term business loan can help establish business credit by making the…

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/ By Chris Kay

Blue Global Media Helps To Makes Children’s Holidays Brighter

Chris Kay, CEO of Blue Global Media is proud to support Toy For Tots, a well-known charity to bring happiness to less fortunate children. Kay is passionate about giving back to the community and inspires his employees to join him in giving back.   Blue Global’s office is set up as a toy drop-off location. “We welcome anyone who is kind enough to donate. My team and I are proud knowing that these donated toys are bringing happiness to children around the community,” Kay says.   History On Toys For Tots: In 1995, the Secretary of Defense approved Toys for…

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/ By Chris Kay

Alternative Lending Works To Meet Needs Of Unbanked Consumers

Alternative online lending has entered the industry as an option to traditional bank financing. This industry serves the lending needs of all consumers, including the unbanked and underbanked that may often have poor or limited credit history. Financial experts report that a growing number of consumers are either unable to obtain a bank account or tired of the cost of banking and choose to leave the traditional banking structure. By definition, the “unbanked” consumer does not use any traditional bank account, whereas the “underbanked” may use only the minimum bank service, such as a basic account, while avoiding the frills…

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/ By Chris Kay

Building the Next Generation of Consumer Financial Products

With the growth of the online lending industry, options available for obtaining a loan are not in short supply. Yet while this industry has been around for a handful of years now, it is still evolving to provide better quality services and opportunities for financial capital. The next generation of online lending is expected to have even more growth and will need a solid foundation of consumer financial products.   According to Morgan Stanley, the online lending industry is expected to reach between $150 billion to $490 globally by 2020. This means the heightened demand will require more seamless processing…

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/ By Chris Kay

Why Investors Are Turning To Online Lending

With a stock market that has been volatile and the presence of low rates in several types of bonds, more investors have turned to peer-to-peer lending for greater investment opportunities.   As demand for more alternative lending continues to expand and be at an all-time high, investors are finding it is a beneficial place to put their money and receive good returns on their investment. According to PwC, alternative lending was considered a $5.5 billion industry in 2014 and expected to grow to $150 billion by 2025.   Online lending simplifies matching lenders to borrowers by offering a platform that…

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/ By Chris Kay

Blue Global Media Spreads Holiday Cheer

Founder Chris Kay reflects on company’s charitable giving and activities in 2015 SCOTTSDALE, Ariz., Dec. 2, 2015 /PRNewswire/ — This holiday season Blue Global Media is giving back to the local community, organizing a company-wide food drive and making a donation to the Salvation Army that provided 25 Thanksgiving meals for the homeless. Being an active participant in the community is part of the culture at Blue Global year-round, says CEO and founder, Chris Kay. “This time of year shines a light on those who are less fortunate and the many ways we can help our neighbors during the holiday season,” Kay said. “But we make…

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/ By Chris Kay

Small Loans VS Installment Loans

A “small loan” is a small, short-term cash loan. Generally, consumers write a post-dated check for the desired amount, in addition to an interest fee. The lender will hold onto the check until the next payday (usually 14 days) and then deposits it. Consumers also have the option to return with cash to reclaim the check. Or, in some cases, consumers can repay the loan with a signed agreement that allows the lender to electronically withdraw the funds from their bank account on a pre-determined date.   A “small loan” can also be referred to as a:   Payday Loan…

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/ By Chris Kay

A New Generation Says ‘No’ to Opening Credit Cards

America’s latest generation of young adults, the ‘millennials,’ are more often than not saying no to opening credit cards. A report from FICO found that the number of young adults without credit cards has doubled between 2007 and 2012. “63 percent of millennials (ages 18 to 29) don’t have a credit card”, according to a survey commissioned by Bankrate and compiled by Princeton Survey Research Associates International.   While not maxing out credit cards is a good thing, with no credit, you lose out on building a credit profile and helping to raise your credit score. According to Experian, most…

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/ By Chris Kay

Top Reasons Consumers Use Alternative Lending

There are several reasons why people are in need of quick cash in between paychecks. The good news is that with paydays loans, cash can be put in your account as fast as the next business day. Here are some of the most common reasons for payday loans.   Medical Bills: We all know how fast these bills can add up. An unexpected trip to the emergency room can cost a few thousand dollars. Many of us don’t have the savings for these unexpected bills. Certain clinics or hospitals will give a discount for paying at the time of service;…

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