Uber teams with GM and Toyota to help 100k drivers buy cars to get more Ubers on the road

The expansion means hundreds of thousands more cars must come onto the Uber system.

To overcome its growing pains, Uber has come up with a brilliant new strategy. Uber is launching a pilot program to finance new cars. The company is partnering with GM, Toyota, and financial institutions to offer 100,000 driversreduced monthly car payments, in an effort get more Uber drivers on the road.

 

 

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Kickstarter hits 100,000 funded projects, $631 million in total pledges

Kickstarter founders Charles Adler, Perry Chen, and Yancey Strickler

Kickstarter, a crowdfunding website, has hit a major milestone.  It finally passed over 100,000 campaigns, according to statistics released by the company. In the three years since it launched, Kickstarter has made otherwise nontraditional crowdfunding a legitimate form of project financing.

 

 

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8 debt options to finance your small business startup: part 1

credit-cards

Credit cards are the most common form of financing for small business startups.

There are eight solutions to financing your startup with debt.  When you are talking about debt options, think of loans and lines of credit that you pay back to a lender.  We are not looking at any equity solutions such as angel investors, venture capital, etc.  But nothing is easy these days and if you have damaged credit or you’re looking for several hundred thousand dollars it’s much less likely to happen purely with debt.

Continue reading… “8 debt options to finance your small business startup: part 1”

Western Nations Matching China’s Financial Strategy to Win Contracts

china-usa-currency

Western nations matching China’s low-cost financing – below-market interest rates.

When General Electric approached the U.S. Export-Import Bank in 2009 wanting to sell 150 locomotives for $477 million to Pakistan, there was a sense of futility. GE had already lost an earlier bid to a Chinese firm. Why would Pakistan buy American-made locomotives this time?

 

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