How Much Time Do You Have?
Now that you’ve assessed your progress to date upon the close of the first quarter, its time to determine how much time you have to get going.
In an article in the Wall Street Journal from April 1, 2014 entitled, “Creating A Path To Bankability,” the author discusses the various finance tools available to small businesses looking to expand. The main point of the article is that while many alternative lenders exist for the sole purpose of preying on small businesses that do not have the financial stability to acquire more affordable financing, there are lenders that provide alternative lending solutions which put the company in a better position than where they started.
The reality behind inexpensive financing and SBA loans is that they require a significant amount of time, and as the old adage says, “time is money.” How long can you afford to wait to grow your business while you shop your loan around to various lenders who will take months to review stacks of paperwork that will be required of you? My guess is, if you’re looking for financing you’d like to get it as soon as possible. Any time spent with your application on someone’s desk is time spent NOT growing your business.
Capstone Business Funding, LLC’s approach to this problem is very straightforward. Within minutes of receiving an application, we are running searches and reaching out to you to acquire the information we need to make a fast decision. We are as eager to do business with you as you are to do business with us. Our process can be summarized with two very simple questions:
- Do you have accounts receivable to sell?
- Do you want to grow your business?
If you answered yes to both of these questions, there is no reason to let opportunities continue to pass you by. The best part about working with Capstone is that there are no long term commitments and we are willing to work within any bank relationship you may already have in place! Better yet, continue to work towards getting that SBA loan you have your heart set on and factor your invoices with Capstone to bridge the gap between applying for and securing your SBA loan.