“It’s all a numbers game,” you might be thinking. “Our business needs X amount of dollars to finance the equipment we need, hire the people we need, and just to get operations going in general. Beyond that, we’ll need to work for X amount of time until we’re able to turn a profit, which should result in X amount of dollars based on X variables.” If you’ve thought the following through, then you should pat yourself on the back, because you’ve already gone ahead and done more than many small business owners will do with their own company.
You’re Not On Your Own: Small Business Loans Made Attainable
Even if you do have the foresight as a small business owner to look into your financial future, that future tends to be marked by many “Xs” as you read above. These numbers aren’t certain, and though they’re important to think about, trying to determine how much capital your business needs to get up and running or expand from its current size is more than enough to make your head spin. How do you navigate all of these financial hoops when your time is already stretched thin as it is? Owning your own business is a true challenge, but take comfort in the fact that there are small business lenders like The Commercial Finance Group that can help individuals just like you.
Through our unique and flexible approach to small business lending, we help provide value to small and medium-sized business by:
- Getting you the capital you need to make things happen without credit hold ups or long waiting times from the banks
- Helping you easily understand what you need, how to get it, and how to apply it to your business
- Taking out the stress commonly associated with small business loans!
Increase Your Small Business Lending Insight Below
Our small business loan providers in Los Angeles and Atlanta make it so that everyday small business owners like you aren’t confused by the lending process. It doesn’t have to be that hard to attain the working capital necessary to stimulate and grow your company — let The Commercial Finance Group do all of the heavy lifting!
Read more below about why the majority of small and even medium-sized business owners often get caught up in the weeds of small business lending. Let’s take a look.
They Don’t Have A Financial Background
It’s true that some small business owners and those in a managerial or ownership position do have formal education in business management or perhaps even personal finance, but this is not necessarily a common thing in the entrepreneurial sector. For a large number of those who start a small business, they simply launched an idea that showed promise or seemed lucrative based on feedback from friends and family — and that’s totally fine! That’s how great and innovative products hit the market and eventually legitimately benefit the consumer. However, when it comes to understanding how the numbers work and what it’s going to take to make things happen, that’s where outside help is required. That’s where our small business loan providers come in.
They’re Simply Too Busy
Imagine having 34 hours of work to do in a 24-hour period of time. When you factor in sleeping, eating and just staying alive, there’s a very limited timeframe to get everything done as a small business owner. Really, launching a company and growing it requires painstaking hours fueled by the passion, pride and dedication to grow one’s business. Needless to say, most owners and managers of a smaller company just don’t have the time to sit down and work out the numbers to determine exactly how much working capital they need to finance expansions or future operations.
Even if a small business owner did work out the numbers, how are they doing to make a loan happen on their own? Though their neighborhood bank is a friendly option, potentially waiting well over a month or longer for this much-desired working capital is just too long. Company growth is often a timing-based thing, and it’s vitally important that SMBs get their additional working capital as soon as possible.
They May Be Unaware That They Qualify For A Small Business Loan
All too often, companies tend to get held up on the fact that they can’t get the working capital financing they need based on a less-than-ideal credit score. Here’s the thing: your lending contingency is not based on your personal credit score as the business owner. Refreshingly, small business loan providers like The Commercial Finance Group provide asset-based loans that leverage your company’s assets, including your accounts receivable, to serve as collateral for a small business line of credit.
While it’s a shame, just think about the number of small business owners who are eligible for additional financing even though they think that they can’t obtain it.
They Don’t Know How Simple Small Business Loans Can Be
When you consider how many millions of small business exist in just the United States, then it also makes sense when you think about the fact that small business loan providers like The Commercial Finance Group go largely unknown. Of course, our goal is to change that.
Contact The Commercial Finance Group Today!
Don’t make working capital loans for your business more difficult than they have to be. Instead, let our expert asset-based loan providers assist you! Get started today.