In the past, just about every business started out as a small firm and built up to a larger enterprise. Historically, many of those businesses had been started by those who first came up the ranks in larger organizations. That statistic is changing, however. According to a recent Kaufman poll, over 50% of today’s Millennials either plan to start their own business or have already started one. Small business goals are shifting as well. Many small businesses fill a niche and intend to stay small. This keeps them “affordable” to run and to maintain.
Forbes has noted that such niche businesses are outsource enterprises which support larger firms that can no longer afford to run in-house departments. Larger businesses have cut costs by outsourcing technology support services, human resources, wellness and even food service. Having an online presence is a necessity for any business yet the design, site maintenance and marketing for most firms is now entrusted to digital agencies to oversee. New and relatively new businesses are emerging to support and maintain larger corporate identities. It is a great synergy and promotes success for all.
With growth comes the need for working capital for equipment upgrades, staff and expansion. Challenges that these supportive enterprises face are that traditional lenders do not yet recognize this change in the business climate. As small businesses are perceived as a greater loan risk, fewer financing options are available from traditional sources. To obtain small business financing, many company decision-makers have turned to National Business Capital, a leading alternative lender.
National Business Capital uses different criteria than banks in making our loan decisions. We look at the “big picture”, not just an applicant’s credit history. We differ in many other ways that benefit small businesses, as well. Our Business Consultants take a personal interest in you and your business and strive to obtain the right funding for your firm. Our application takes about two minutes to complete and requires far less documentation than banks do. Once approved, monies are deposited into your account within days, not weeks or longer as can be the case with traditional lenders. To continue to achieve your small business’ goals, your company needs increased working capital. Let’s get together and determine your needs and how to fulfill them. Call National Business Capital today at (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.