{"id":51370,"date":"2019-08-07T18:02:21","date_gmt":"2019-08-07T23:02:21","guid":{"rendered":"https:\/\/wby.30a.myftpupload.com\/?p=51370"},"modified":"2019-08-09T07:25:06","modified_gmt":"2019-08-09T12:25:06","slug":"key-points-about-alternative-business-funding-sources-in-grant-florida","status":"publish","type":"post","link":"https:\/\/imjusticemarketing.com\/blog\/key-points-about-alternative-business-funding-sources-in-grant-florida\/","title":{"rendered":"Key Points About Alternative Business Funding Sources in Grant Florida"},"content":{"rendered":"

Let me explain why this service is crucial in the Small Business World.<\/span><\/strong><\/span><\/p>\n

When one rubs shoulders with business owners every day, one hears the reports
\nof certain business owners needing to renovate or relocate \u2026 We hear about the
\nmass exodus of upset employees and the need for hiring campaigns \u2026 We hear
\nthe rumors of tax trouble for certain business owners in the community \u2026 And we
\neven hear the gossip of certain owners who need money to make payroll. And
\nthat is for your business in Grant, Brevard County Florida, and surrounding areas.<\/p>\n

 <\/p>\n

The Mechanics of Small Business Funding Sources of old<\/span><\/strong><\/span><\/p>\n

Let me preface this section by saying that there IS a place for traditional business
\nfunding. This can include a business owner who wants the lowest rate for a long-
\nterm loan.\u00a0 An owner who is patient and willing to take a huge chance of getting
\ndenied for a business loan because, in my experience, traditional business loans
\nfall through the cracks with an all-to-often \u201cturn down\u201d after 4-12 months of paper
\nshifting. In fact, I\u2019ve seen these turndowns at a rate of 8 out of 10!<\/p>\n

Think about this for a moment \u2026\u00a0 a business owner needs capital to make payroll
\nin two weeks. She goes to a bank and they tell her to gather all these documents
\nand drop them off as soon as you can.\u00a0 She says \u201cIt may take a while for me to
\nround up all of these papers, but I\u2019ll do my best \u2026\u201d Then the banker says \u201cBy
\nthe way, approval may take 60 days \u2026 and funding may take another 30 \u2026\u201d
\n(It often takes more than 30 extra days.)<\/p>\n

 <\/p>\n

\"Business<\/a><\/p>\n

 <\/p>\n

Some specific needs this type of funding can satisfy:<\/strong><\/span><\/p>\n

To pay taxes, to make payroll, for those seasonal businesses that need
\nto bridge a gap of time, equipment financing, renovations, expansion,
\nneed to purchase large orders to take advantage of bulk discounts,
\nhiring campaigns, marketing campaigns, to just increase working capital,
\nto pay other debts, emergencies – storm damages key equipment, a key
\nemployee quits, etc., purchasing another business, and much more …<\/p>\n

 <\/p>\n

Typical Differences Between Bank Loans and Alternative Sources<\/strong><\/span><\/p>\n

Here are the basic guidelines for getting approved through a local bank:<\/p>\n

2+ Years of business history
\n$50k + of monthly cash flow (this can vary)
\n680 or more credit score
\nExtensive sales deposits
\nNo NSFs (non-sufficient funds)
\nMerchant processing history
\nAnd about \u200b15-30\u200b other supporting documents
\n(things, like financial statements, business plans, proforma, etc.)<\/p>\n

 <\/p>\n

Here\u2019s what YOUR criteria is
\n(your typical lending partner criteria): <\/strong><\/span><\/p>\n

 <\/p>\n

4 Months business history,\u00a0 $10k monthly cash flow (sometimes less),\u00a0<\/strong>
\n500 credit score,\u00a0 and about 4+- more supporting documents<\/strong><\/p>\n

 <\/p>\n

 <\/p>\n

IMJustice Marketing does this very service for the
\nSmall Business Owner. <\/span><\/strong><\/span>It is one of “The BIG 5”
\nthat we\u00a0 promote and focus on in our Marketing.<\/span><\/strong><\/span><\/span><\/p>\n

 <\/p>\n

[contact-form][contact-field label=”Name” type=”name” required=”1″][contact-field label=”Email” type=”email” required=”1″][contact-field label=”Website” type=”url”][contact-field label=”Let us know how we can help meet your business needs” type=”textarea”][\/contact-form]<\/p>\n

 <\/p>\n

<\/center>\"Dave<\/a><\/p>\n

 <\/p>\n

Especially covering Brevard County Towns such as:<\/p>\n

Melbourne, Melbourne Beach, Sebastian, Merritt Island, Palm Bay,
\nCocoa, Cocoa Beach, Cape Canaveral, Titusville, Rockledge, Mims,
\nIndialantic, Indian Harbour Beach, Satellite Beach, Malabar, Grant,<\/p>\n","protected":false},"excerpt":{"rendered":"

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 \u2026 We hear about the mass exodus of upset employees and the need for hiring campaigns \u2026 We hear the rumors of tax trouble for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1272],"tags":[1246,1247,449,1236,448,1249,222,158,125,1241,1239,1233,1232,1227,1228,1231,99,1245,1235,1237,1238,1251,1250,1248,1242,1234,1243,1240,1244],"_links":{"self":[{"href":"https:\/\/imjusticemarketing.com\/blog\/wp-json\/wp\/v2\/posts\/51370"}],"collection":[{"href":"https:\/\/imjusticemarketing.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imjusticemarketing.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imjusticemarketing.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/imjusticemarketing.com\/blog\/wp-json\/wp\/v2\/comments?post=51370"}],"version-history":[{"count":2,"href":"https:\/\/imjusticemarketing.com\/blog\/wp-json\/wp\/v2\/posts\/51370\/revisions"}],"predecessor-version":[{"id":51419,"href":"https:\/\/imjusticemarketing.com\/blog\/wp-json\/wp\/v2\/posts\/51370\/revisions\/51419"}],"wp:attachment":[{"href":"https:\/\/imjusticemarketing.com\/blog\/wp-json\/wp\/v2\/media?parent=51370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imjusticemarketing.com\/blog\/wp-json\/wp\/v2\/categories?post=51370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imjusticemarketing.com\/blog\/wp-json\/wp\/v2\/tags?post=51370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}