One day you are just tending to your small business and BAM!
Out of no where, you see an opportunity online; you hear about an upcoming project on the radio that you believe that you can do; a buddy in you industry shares some interesting news about an upcoming event.
Opportunities happen every day for the Small Business Owner, and sometimes they happen suddenly, and most times, opportunities require money.
As a Small Business Owner, you just know, that if you had the right amount of money, then you would be able to acquire the necessary resources that you would need for you to expand your business, or to buy the right equipment, or to hire the manpower to qualify for that contract, so that you may be able to increase your revenue.
If you are that Small Business Owner with GOOD to EXCELLENT credit, with great cash flow, and has access to money right away through a bank or a credit union, then God Bless You… Get After It and Get It Done… CONGRATULATIONS!
But if you are that Small Business Owner that is faced with some challenges towards getting traditional business bank funding, but you know in your heart, that if you could only get your hands on the right amount of funding, then you would be able to grow and expand your business, then alternative funding may be something for you to consider.
Alternative funding affords the Small Business Owner, with a good business growth idea, a well thought out plan, and the ability to gather the needed resources, the ability to be financially prepared to take full advantage of a plethora of profitable opportunities…
- A world wide entertainer was announced to be performing at a local park. The announcement came just three months before the show. A small local restaurant owner believed that it would be a great opportunity to serve his famous bar-b-q to a new fan base and decided to get a loan for a food truck. The restaurant owner was DENIED by the bank so he turned to alternative funding… he was APPROVED… and his bar-b-q became well known throughout the city.
- The city was planning to build a new sports arena for a professional basketball team and a Small Business Owner who owned a diner located two blocks from the proposed site believed this could become a major attraction for his small diner, but he knew that the small size of his diner would not be able to accommodate the large crowds. So he decided to expand. He applied with his local credit union and was DENIED… alternative funding helped with his expansion plans by getting him APPROVED and today his diner is rarely less than full capacity.
- A contractor had an opportunity to be a part of a major build in the downtown area of his city, but the city planner required that all applicants be fully equipped with all the necessary tools, machinery, and manpower to start the job. He tried to get an advance from his bank and was DENIED… alternative funding APPROVED the money for his company to become fully compliant with the city contract and was able to be part of the team that completed the job.
Opportunities to grow and expand your small business are everywhere. As a Small Business Owner you must remain alert, ear to the ground, and aware of what is going on around you.
Alternative funding may be the key to your opportunity.