Business Funding and Why Alternative Sources Are Much Better
I applaud you for being a forward thinker when it comes to gaining the capital you
need to grow your new business. If you haven’t researched already, I want to give
you the good and the bad of what most Business Owners think their only option is
for business loans – Your Local Bank.
While traditional lending has its advantages like convenience, familiarity, and perceived
low rates … it’s a hard lesson to learn for many Business Owners that the traditional
approach can waste more time and ultimately more money than what most expect.
In fact, did you know that traditional banks will turn-down
8 out of 10 applicants for a business loan?
What’s even more eye-opening is the fact that these numbers only pertain to existing
businesses! Not the “startup”. That’s right … New businesses get turned down 100%
of the time! … Because banks just don’t lend to startups … did you know this? Can you
see how frustrating this can be for a brand-new Business Owner who’s just trying to get
off the ground?
In addition, the businesses that are lucky enough to get approved will go through a
most comprehensive “gauntlet” of supplying endless documents. And once the banks
scrutinize every facet of your financial life … they often ask for even more documents.
This process can last for months! You heard me right, months! When they are finally ready
to give you the answer you’ve been anxiously waiting for … Many months could have passed.
And … Most likely, you’ll get turned down … even if you have great credit …
even if you have supporting income … There’s nothing wrong with this approach.
It’s just a timely and expensive way to go about it.
There is a smarter solution!
Unlike banks, alternative sources and Loan Brokers concentrate on only the most exciting
and commendable part of local businesses … the startup, why you need the funds, and how
can you pay for the loan. So, if you are just starting your business and you want to forego all
that time-consuming and, in most cases, unnecessary paperwork the banks put you through,
consider the alternatives.
These Professionals have extensive finance knowledge and backing to get things done fast.
It’s really very simple. To start, all you need is a credit report and a few documents. Because
your time is valuable, and we look for reasons to say “yes” instead of “no” we can often get
you a pre-approval within just 1 business day.
Then, and only then, we will ask for some simple supporting documents. Documents you
probably already have access to. Unlike the banks, you won’t waste your time and energy
on a depressing chance of getting approved. Because we’ll only move forward after we
have a good idea, you’ll get approved. The final approval can come in as quick as 3 days!
Funds can hit your account in as quick as one day after that!
So, think about this …
You, as a new Business Owner can now quickly get your business off the ground. Or,
as an existing Business Owner, if you present a legitimate reason for needing funding,
No more dealing with stuffy, closed-minded bankers.
No more waiting months for approvals
No more endless paperwork to deliver
Faster funding
Stop right now and ask yourself, “How soon do I need the funds for my business?”
If getting funded in a timely fashion fits your plans, I’m ready to help … By the way,
you may be asking about rates … am I right?
Think about this for a moment …
The banks only have one source of capital. In other words, they lend the money they
have. This just means they are limited with their choices on rates. It’s like a football
team with only 2 players. The quarterback and the receiver. That’s it!
With alternative sources and Brokers, you’ll have a whole team on your side meaning
they are partnered with over a dozen reputable lenders who all have varying programs
and rates. And since each business is different, we’ll customize a plan just for you. A plan
that fits in terms of loan type and, yes – rate. I can’t promise you any rate at all! But I can
promise you will have the best chance of getting the best terms with alternative sources.
Now, it’s up to you to get started. We’ve all heard that “Good things come to those who
wait.” Well, in this business, the opposite is true. In fact, “why put off until tomorrow,
what you can do today?”
We’ve weighed the facts and now it only takes that first step. Reach out,
let’s discuss, and let’s try to get a free pre-approval in as little as 24 hours!
Why not try and get it quickly, and with a lot less effort than a retail bank.
