Huge Percentage of Businesses Wasting Time Trying to Get Government Financing for Small Businesses
As a small business owner, you don’t have time to goof around or suffer fools gladly. There’s too much to do. So, why are you wasting time trying to get government financing for small businesses?
Studies have shown that many employees waste time on social media and other unnecessary tasks. Many business owners waste time trying to get government financing for small businesses. Thankfully, you do have other options.
Types of Government Financing for Small Businesses
There are a variety of ways to obtain fast business financing for your business. It’s vital to do your homework to find which one may be right for you.
Some businesses choose SBA loans. While not a lending agency, the Small Business Association makes it easier for companies and traditional banks to work together. However, the application process can take up to two years.
Local and state economic development agencies and some nonprofit organizations also provide low interest loans. Unfortunately, they also require you to have tons of collateral to cover the cost of the loan and they expect you to provide mountains of paperwork, such as business credit reports, income statements and contracts.
Getting venture capital is also possible. To get this funding, however, you typically must give the investor an active role in your company or shares in return.
What is the Alternative to Government Financing for Small Businesses?
You may believe that going to a bank for a fast business loan is the answer. The truth is that banks rarely lend to small businesses because they must answer to shareholders and have strict criteria that most small companies simply cannot meet.
The huge majority of small businesses are not turning to banks or the government to help their existing businesses; they are turning to alternative lenders. Financing Solutions (www.financingsolutionsnow.com) is an alternative lender that works with existing business that have sales over $150,000 in yearly sales and who are looking for $5,000-$150,000.
Financing Solutions provides cash advances as well as debt restructuring and business lines of credit products designed to help you maintain and grow your business. The application process is fast and easy and you can get the money you need in your account in less than 48 hours.
Since this is short term business financing, they don’t lock you into long repayment contracts. You can repay the money in a few weeks or months, when your cash flow is stronger. The funding can be used for any business purpose, such as making payroll, purchasing equipment or building a supply of working capital.
How to Stop Wasting Time and Grow Your Business
There are many tasks businesses do every day that they think are necessary but are really just colossal time sucking activities. Getting rid of some of these habits may make your business lighter and more flexible and allow you to grow.
One thing you should start doing is tracking your time. Make note of how you spend each half hour. Then, you can see where your time really goes and discover tasks you may be able to delegate.
You might also strive to have fewer meetings. Most issues can be addressed with a quick email or a comprehensive report. If you must have a meeting, select uncomfortable chairs. You’ll be surprised how quickly things will move along when people are not reclined and relaxed.
Plenty of time can be saved by contacting Financing Solutions. They will give you the quick business financing needed to get things done.