Small Business Funding

Are you a business owner that needed a bit of funds for your small business’s operations? Have you had the experience of being cash-strapped and felt like you have nowhere else to go? In the case of funding small businesses, there are a lot of options on how you can raise the funds you need for your business.

Your reason can range from simple funding of your business for working capital; or it could go as far as business growth and expansion. Whatever reason it might be, there are different options you can consider.

What Owners Need to Consider First

When entrepreneurs decide that they need funding, they can’t go straight into the topic of finding an institution that can lend them the money they need. Before everything else – even before assembling and preparing documents – business owners are recommended to figure out a couple of things first.

• What they’ll be using the funds for
• How much they plan on raising
• How long until they can repay the loan
• How much they’re willing to go just to acquire the funding

Usual Reasons Why Small Businesses Need Funding

Contrary to what most people believe in, when a business borrows money, it does not necessarily mean that the business is failing. As a matter of fact, it’s quite the opposite. Most of the time, businesses borrow money because they plan on expanding – they look into their options of growing.

Here are some of the common reasons why small businesses need financing:

• Business growth or business expansion
• Working capital (daily business expenses)
• To settle some business financial obligations
• To fund their employees’ payroll
• For business emergency situations

Going with Investors

Small business financing does not always have to be borrowing money through the form of loans – there are other options on how entrepreneurs can acquire the financing they need for their small business. Some entrepreneurs look into the option of seeking help from investors for financing.

One of the main downsides of this is the fact that these investors will most likely ask for a percentage of company ownership instead of them being paid back. And in most cases, entrepreneurs, especially those who are new in the industry, do not feel this to be right.

This is why many business owners resort to loans and other forms of credit for them to suffice the financial needs that their ventures have.

In loaning money, there are quite a few options as well. There are the traditional business loans as well as the lines of credit loans that people can use. Both of them have their benefits and their cons and it’s up to the entrepreneur which one they’ll go with.

But if you want the best and the most reliable small business financing out in the market, then you should definitely go with us here at SoFlo Funding. Our company has been famous for funding businesses – even those businesses that have just been exposed to the real market.

We offer various loans and programs from regular personal loans, business loans, personal and business lines of credit, among others.

We Here at SoFlo Funding Have the Best Rates!

In comparison to how other lenders charge interest rates, the rates we have are considerably lower and better, even for unsecured loans. Most companies charge anywhere between 7 to 29%; with us, you’ll never reach that high!

Of course, we’d have to check and assess each of our clients’ credit standing, history, as well as previous lender history and that’s where and how we’re able to come up with the terms as well as the interest rates.