It is hard enough getting a small business off the ground without other barriers getting in the way. This is exactly where many smaller businesses find themselves when they need to expand quickly, but don’t quite have the capital necessary. For many businesses, this is where they might go to a big bank to ask for a loan. The problem is that many large financial institutions these days are fearful of lending money to small business and sole traders.
Financing Your Business Empire
Imagine that you are living your dream by operating your own small business. Things are going so well that you have had to hire a few employees to help out. The money is rolling in at a steady pace and the word is getting out there. All of a sudden you find that your market is demanding some products that you just don’t have the cash to finance. What do you do?
At this point, many businesses might simply cut their losses and go in a different direction. They may even approach a big bank and ask, cap in hand, for a quick loan so that they can finance some product prototyping. The problem is that not doing anything could mean that your visions are not realised and your opportunity to grow the business dries up.
The good news is that new business loans don’t have to involve the big banks or other financial institutions. In fact, there are independent small business lenders who can finance what you need quickly and without a hassle.
The Independent Choice in Small Business Lending
It is perfectly understandable that the big banks are worried about lending money to smaller businesses. The collapse of the US economy some years ago has certainly had a serious impact on the prevailing attitudes among big money lenders. The problem is that none of this is helpful to small businesses who really need to grow beyond their initial boundaries so that they can continue to operate at an optimal level.
So, what benefits does an independent lender provide? Consider the following:
- An online application process that cuts out waiting in line at the bank and filling out a dozen copies of paperwork
- Pre-approval in five minutes for a small business loan so that you don’t have to wait for days or even weeks for the answer
- A serious consideration of people with bad credit
- Transfer of the money in up to 24 hours from the time of approval
What all of this means is that you have a choice to get a small business loan from someone other than the big banks. It means that you can get your answer and your money quickly so that you can get on with building your business.
Whether you want to hire extra staff, buy new computers or equipment, or finance some new products, getting a business loan doesn’t have to be difficult. The big banks don’t have the monopoly over your money anymore!