Let me explain why this service is crucial in the Small Business World.
When one rubs shoulders with business owners every day, one hears the reports
of certain business owners needing to renovate or relocate … We hear about the
mass exodus of upset employees and the need for hiring campaigns … We hear
the rumors of tax trouble for certain business owners in the community … And we
even hear the gossip of certain owners who need money to make payroll. And
that is for your business in Grant, Brevard County Florida, and surrounding areas.
The Mechanics of Small Business Funding Sources of old
Let me preface this section by saying that there IS a place for traditional business
funding. This can include a business owner who wants the lowest rate for a long-
term loan. An owner who is patient and willing to take a huge chance of getting
denied for a business loan because, in my experience, traditional business loans
fall through the cracks with an all-to-often “turn down” after 4-12 months of paper
shifting. In fact, I’ve seen these turndowns at a rate of 8 out of 10!
Think about this for a moment … a business owner needs capital to make payroll
in two weeks. She goes to a bank and they tell her to gather all these documents
and drop them off as soon as you can. She says “It may take a while for me to
round up all of these papers, but I’ll do my best …” Then the banker says “By
the way, approval may take 60 days … and funding may take another 30 …”
(It often takes more than 30 extra days.)
Some specific needs this type of funding can satisfy:
To pay taxes, to make payroll, for those seasonal businesses that need
to bridge a gap of time, equipment financing, renovations, expansion,
need to purchase large orders to take advantage of bulk discounts,
hiring campaigns, marketing campaigns, to just increase working capital,
to pay other debts, emergencies – storm damages key equipment, a key
employee quits, etc., purchasing another business, and much more …
Typical Differences Between Bank Loans and Alternative Sources
Here are the basic guidelines for getting approved through a local bank:
2+ Years of business history
$50k + of monthly cash flow (this can vary)
680 or more credit score
Extensive sales deposits
No NSFs (non-sufficient funds)
Merchant processing history
And about 15-30 other supporting documents
(things, like financial statements, business plans, proforma, etc.)
Here’s what YOUR criteria is
(your typical lending partner criteria):
4 Months business history, $10k monthly cash flow (sometimes less),
500 credit score, and about 4+- more supporting documents
IMJustice Marketing does this very service for the
Small Business Owner. It is one of “The BIG 5”
that we promote and focus on in our Marketing.
Especially covering Brevard County Towns such as:
Melbourne, Melbourne Beach, Sebastian, Merritt Island, Palm Bay,
Cocoa, Cocoa Beach, Cape Canaveral, Titusville, Rockledge, Mims,
Indialantic, Indian Harbour Beach, Satellite Beach, Malabar, Grant,
