Small Business Loans New Business

Many of us want to get out of our regular 9 to 5 jobs by either going self-employed or by starting a small business. A majority of people would choose the latter because – who doesn’t want to be his or her own boss? In fact, about 62% of total Americans want to start their own business and about half of that figure believes that they can do it within the year.

Starting a business is more than just knowing what you want to establish and having the funds. You also have to consider the feasibility of your business; it’s likeliness to expand and to operate, and other factors that revolve around it.

In your business’s early days, you would be required to think about how you would be able to get the funding you need to start and establish it, until the needed time for operations.

Early Days of Small Businesses

The birth of a business is technically when it’s established, but it really would not be the “start” of it. For younger businesses, the common problems that most owners would find would not be about how they can earn profit or income, but how their businesses will strive and continue.

There are a lot of small business loans for new businesses that are out there. You could try small business loans for new business in banks; you could try going to investors to invest in your startup; you have the option to ask for help from lenders – there are literally a dozen of ways on how.

But how do you get the best new business small business loan?

Struggles of a New Business

All the struggles of a new business can be pointed down to one single word – funding. A main problem for small business owners would be the fact that they might not be able to have enough or sufficient funds for their business to operate and keep going.

The funds they need could be for various of reasons but oftentimes, the need is to finance the business like paying company bills; paying employees; paying back debt and loans, and many other reasons.

Don’t worry, because here with us at SoFlo Funding, we can get you the small business loan you need for your new business.

What Type of Businesses We Help

We are best known for our ability and capability of providing help and assistance to entrepreneurs, startups, existing businesses, and even new small businesses in the market. We cater to all business niches and industries.

So long as you meet the requirements we ask for, we will help you with a small business loans even if you are a new business.

Knowing the odds in starting a business is probably more important than the lessons you had back in school. In fact, your knowledge about how your business will be able to thrive is better than you being knowledgeable in management.

How We Help New Businesses with Small Business Loans

Even if you are a new business, you have the chance to get funding of up to $500K. The criteria in which we check what amount we’ll provide our clients would depend on:

• Credit History and Credit Score
• History with Previous and Other Lenders
• If with a credit partner, the credit partner’s credit score

If you are an existing business, then we would be eager to check how long the business has been running as well as the monthly revenue that the business has been yielding for the past six (6) months. Regardless, you have the opportunity to speak with our funding managers and funding advisors.

You can tell them how much money you need for your business – you can talk about the monthly rates and fees, as well as how long you’re comfortable in repaying the loan.