Business visionary Peter Drucker said, “Today’s knowledge has power. It controls access to opportunity and advancement.” For example, finding out how to get access to business loans today can help secure the success of your business in the future.
Indeed, getting access to business loans can make or break your business. It means being able to handle expenses, manage growth and take advantage of profitable opportunities. Still, it’s important to know where to go for the best terms and performance.
Is it Possible for a Small Business to Get Access to Business Loans?
Today’s financial landscape is rapidly shifting away from the small business owner. In our parent’s and grandparent’s generation, you simply went to your neighborhood bank where the banker knew your face, probably patronized your business and was sympathetic to your need for an instant business loan. This is not the case anymore.
For an entrepreneur to get a business bank loan from a bank now, they must endure mountains of paperwork and long approval times. When the answer does come, it is typically “no.”
The truth is that banks grant less than half of small business loan applications. Those they do approve are usually $250,000 or more, when most small business owners need significantly less.
Is Getting Access to Business Loans the Best You Can Do?
You may think that going to a bank is your only option and if you strike out there, then you are out of luck. If you are an existing small business with sales over $150,000 per year, then you should know that getting access to business funding over the years has changed, from traditional banks to alternative lenders like Financing Solutions (www.financingsolutionsnow.com).
At Financing Solutions, they understand the unique challenges facing small businesses and will work with you to get the quick business funding you require. They offer cash advances, lines of credit and debt consolidation help.
Best of all, this is short term business financing. This means that you can repay the money in a few weeks or months, when your cash flow is stronger, without early payment penalties.
How to Gain Access to the Tools You Need for Business Growth
In business, growth is the name of the game. However, to make that happen, you need access to several key resources necessary to move forward.
One of the things you need to access is ideas and opportunities. You can obtain these by looking to your peers for advice. It is vital to find time for networking with other small business owners as well as experts in your industry. This is a great way to learn about tools and techniques you may not have discovered on your own and meet allies that could help you in the future.
You also need access to new and returning customers. This can be achieved by offering value and providing quality content to make them come to you. With activities such as starting a blog, speaking at events and corporate sponsorship, you increase your visibility and establish yourself as a leader in your industry and community. Then, prospects and other key stakeholders will begin to seek you out, instead of you having to chase them.
Of course, the most important thing you need is access to fast business funding and you can get that from Financing Solutions. They will provide the fast cash that it takes for your business growth and success.