Many small businesses turn to their banks as a primary source of funding for new acquisitions, equipment, supplies, payroll and even to pay their taxes. Banks, however, do not make money extending credit in small monetary amounts that small businesses may require. It is estimated that banks accept only one in five small business loan applications.. To make the loan application process more complicated, the paperwork is quite extensive and likely requires a business plan, collateral, and a spotless credit history to receive consideration for their business funding. For many companies wondering how to get funding for a small business, traditional financing proves to be a blind alley.
Once a small business owner has been turned down for even a modest loan by their bank, they may not know where else to turn. Many a businesses have shuttered because traditional financing institutions would not grant them funding when they required it or took months to deposit loan funds into their accounts.
Part of the rise in successful small businesses nationwide is due to a growing awareness of alternative funding sources. Those firms researching how to get funding for a small business should contact National Business Capital and establish a sound financial business relationship. We have provided needed funding to just about every type of business and will review every business owner’s individual funding request. With an over 90% loan acceptance rate, many small businesses have received business funding right when their companies needed it most. To learn more, call us today: (888) 888-9124.
National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.
Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.
We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!
Megan Capobianco is the Marketing Manager at National Business Capital & Services. Megan is passionate about helping business owners along their journey - providing them with relevant content they can use in their day-to-day operations.