It is the week of April 30 to May 6, marking the official National Small Business Week of the United States. If you’re a small business owner, congratulations! Small businesses are the lifeblood of the economy and provide roughly 50 percent of the working population in the United States with employment. There is no doubt that the small business economy is an extremely important part of the American economy and millions of people’s lives, who rely on the success of their small business to make an honest living.
At The Commercial Finance Group, we empower and enable small businesses to achieve their dreams and business goals by providing them with the adequate working capital and receivables financing solutions that they need to free up any cash flow issues that they might be experiencing. We want to see your business grow and maximize its potential, and that’s why we provide small business lending solutions. After all, The Commercial Finance Group is a private family-owned company who knows, appreciates and understands many of the challenges that small companies face.
Since this week is National Small Business Week in the United States, we wanted to dedicate another blog post to the importance of small businesses, our place within small businesses, and how our receivables financing solutions can greatly help you realize your dreams as a small business owner. Today, we’re going to take a look at National Small Business Week, our small business lending process, and how it can benefit your small business.
Overview of National Small Business Week
Since the days of John F. Kennedy as president, the United States has celebrated National Small Business week annually. National Small Business Week, a recognized event put on by the U.S. Small Business Administration, recognizes the critical contributions of America’s entrepreneurs and small business owners.
Why is National Small Business Week such a big deal, you ask? Well, as we mentioned before, the small business economy is a massive player in America’s overall workforce and economy. According to the U.S. Small Business Administration, more than half of Americans either own or work for a small business, and they create about two out of every three new jobs in the United States each year. Talk about a major force of our economy!
Essentially, the importance of National Small Business Week lies in the awareness, recognition, and education of many key small business players. Each year, as part of National Small Business Week, the U.S. Small Business Administration takes the opportunity to highlight the impact of various outstanding entrepreneurs, small business owners, and others from all 50 states and U.S. territories. Every day, these key small business players are working hard to grow small businesses, create 21st-century jobs, drive innovation in all industries, and increase America’s global competitiveness as a whole.
Why We Care About National Small Business Week
As a premier alternative financing solution for small businesses across the country, we understand that getting the capital that your business needs to meet the demands of a rapidly expanding customer base or workforce operations is no simple feat. While traditional bank loans are generally an option for small businesses to obtain capital, the reality is that most small businesses simply don’t have the time to wait until the loan is processed, and that’s assuming that they have an established line of credit with the bank in order to be approved for a business loan.
The asset-based loans and receivables financing that we offer here at The Commercial Finance Group will help you rapidly grow your business when you need it most. Our account receivables financing service offers our approach to lending in four tenets that we’re going to go over in today’s blog, to give you a better idea of how our receivables financing services at The Commercial Finance Group actually helps small businesses throughout the United States on a daily basis.
Understand Your Story
If we don’t know where your business is coming from, then how can we help you get your business to where it needs to be? Understanding the context of your situation is vitally important to producing successful returns on your business loan.
We know that everyone has a story and a dream that goes along with that story, and we want to know what that is and what the best approach is in order for you to actualize your business goals. Our thought process is somewhere along the lines of, “If we do our job, and you do your job, we will cross the ‘bridge to bankability’ together.”
The Difference Between Need and Want
We’ll be honest, here: We’re not going to sell you a solution that doesn’t actually fit your need. Though our financial products at The Commercial Finance Group are needs, they do not necessarily fit every situation. After all, funding small business operations is a unique, business-to-business experience that varies based on many unique factors, including industry, volume of business, region, and so forth.
Planning For The Future
At The Commercial Finance Group, we understand that your business requires time and growth in order to properly evolve. We know that things change and that they change rather often, especially in the dynamic small business market. That’s why our receivables financing company does not solely focus on the past and the historical performance of your company. Rather, we like to think of it as looking out into the horizon – in other words, what you anticipate happening over the next several months and years after we begin working with you.
Finding The Right Fit
Our professionals at The Commercial Finance Group have considerable knowledge and experience of capital markets and financing strategies with over 250 years of collective management experience. We know exactly where we fit in the financing needs of your business, and we also understand that we are, in a sense, a “transitory” source of working capital. We want you to be “bankable” in the future, and we’ll help get you there with our working capital and receivables financing solutions.
Our Excitement For National Small Business Week
As you can probably tell at this point, we here at The Commercial Finance Group enjoy this special time of year where small business owners, entrepreneurs and other key players in the small business industry come together to get the recognition they deserve. Small business leaders throughout the country work tirelessly to get their business off the ground, and we recognize those consistent efforts.
If your small business hits a wall and requires additional financing without the initial hassle of dealing with a bank loan, please contact us today to see how our account receivables financing services in Atlanta, Burbank or Los Angeles can help you out. Thank you for taking the time to read, and have a great National Small Business Week!
