Business Funding and Credit
According to the Bureau of Labor Statistics, 74% of businesses fail within their first four years.
Per SBA, the reason for their failure in most cases is insufficient capital, and lack of adequate funding. If a business starts out with hundreds-of-thousands of dollars available to them, they then stand a much greater chance of succeeding. When businesses don’t have funding to help them get started, they then use personal assets and cash of the business owner and or profits to grow.
This is why almost every business owner you speak with will attest that having money to help start or grow their business is very important to the success of the business.
But today lenders are not eager to give business owners access to money. Even when the business meets all the lending requirements, many conventional banks still don’t lend money and don’t tell the applicant the reason why they won’t lend, they simply tell them no. Banks deny 89% of the applications for business financing, in an environment when 86% of business owners need cash and credit for survival.
This has made it harder through the years for business owners to access the money they want and need to start and grow their businesses. Most business owners only go to their own bank when they need money, and if that bank says no they have nowhere else to go.
Our Business Finance Suite solves the cash and credit access problem. Our Finance Suite offers clients access to the greatest amount of legitimate funding options that are available today. Many of the funding options available are not offered through conventional banks, and are not programs that most people are even familiar with or would be able to find on their own.
The Finance Suite opens the funding door for businesses and gives them unprecedented access to funding, even if they are a startup business or if the business owner has personal credit problems.
Our Business Finance Suite solves the cash access problem most business owners face and puts the owner in touch with much needed credit and funding for their business.