Alternative Small Business Funding
As a small business, one of the hardest hurdles to overcome is financing. According to the Bureau of Labor Statistics, around one in five small businesses are closed within one year. Furthermore, only half survive five years. Unfortunately, financing and cash flow are two of the biggest problems.
Traditionally, one of the most popular options for financing is to visit a bank and go for a loan. For those with bad credit histories and other issues, this just isn’t an option. Thankfully, there are now options available for smaller entities and it’s referred to as ‘alternative funding’. At South Florida Funding Group, we’re experts in getting small businesses the support they need to not only survive but thrive into the future.
Health Spa Loans - Alternative Business Funding
In recent times, the health and wellness industries have exploded. Around the world, it was thought that the anti-aging market was worth over $50 million back in 2018. Since then, it has continued its upward trend. While health spas were once reserved for those with the money and time, they have now opened up to all. Who doesn’t love a health spa weekend?
For business owners, this is great news. However, health spa funding is still an issue. Especially for those who can’t access a bank loan, alternative business funding lenders have taken on a new level of importance. If you’re currently looking for funding, you’re in the right place.
Loan for Electrical Contractor
For many beginners, knowing how to fund electrical contractor businesses is the most difficult step. You have a great idea, and you know clients will be interested, but how do you finance the plan?
In truth, your funding options are wider and more varied than you might think. For some people, they speak to a bank and think that the dream is over after a rejection. However, you may still be able to get a loan for electrical contractor operations. If not a loan, you can take advantage of one of the other fantastic solutions available with South Florida Funding Group.
Advantages of Alternative Business Funding
Does your business need funding, but you need a different solution than the traditional lenders have to offer? Alternative funding can be the best solution for you, whether you need a small business loan or just need fast cash to help continue your business through a difficult time. If you’ve never heard of alternative funding, you may be hesitant to take this approach. By reading on, you can actually learn all of the best advantages of alternative funding and why you should consider this for your business funding needs.
Home Based Business Loan
Whether you are launching your business from home or need help to keep your home-based business going, a home-based business loan is the best option for you to consider. Sometimes alternative funding options like this one are the only approach for you to get the funding you need for your business. This will take a close look at your options for alternative funding for your home-based business including short-term loans, merchant cash advances, and other helpful options for your business.
