In today’s economy, getting financing is the most difficult aspect in running a great business. Even with all the “programs” banks and the SBA offer, their requirements are hard to meet. To get financing for start-ups is even more difficult and most times, great ideas are left in the dust because of the limited help.
Here are a few articles:
- Entreprenuer.com – “Applying for a bank loan can be a frustrating and mystifying experience for small-business owners”
- HuffingtonPost.com – “Even though the FDIC Small Business Forum panelists agreed that “what’s good for small business is good for America”; they had few ideas about how to energize the financial system to help Main Street”
- Blogs.Reuters.com/Small Business – “The percentage of equity investment, venture capital and angel investing is not going into women- and minority-owned businesses”
Another reason why small business owners fail to succeed, they do not understanding personal credit vs. business credit. Many business owners use personal credit to run their business. However, doing so could put you at risk if your business is ever in trouble. Many creditors today are moving away from relying solely on personal credit when judging a business’s financial health, since personal credit is not considered an ideal predictor of business behavior. This is the reason many small business owners need to separate their personal credit vs. their business credit.
We at the Provident Dedicated Services, have search high and above, worked and tested the many programs available to bring you the best ones possible! Most of the programs we offer* will give you what you want and will not set you back financially in any way.
Loans subject to Lender Approval*