Funding Options

Funding Options with FBCMost business owners want to know what the best funding options are for their business. There are several factors that come into play that will determine which funding options are best. If your business is brand new with no revenues and you have a personal bankruptcy, the funding options are going to be very limited vs.if your business is brand new with great personal credit. Even through others will tell you that business credit does not involve your personal credit that is simply not true. Are there options that do not involve your personal credit? absolutely. Does your personal credit play a key role in the amount of options available for funding? Yes.

On the other hand, if you have been in business for 5 years, there are revenues, profits and a strong personal credit score you want to grow your business to the next level and you need cash to grow, this is a situation where many options may be available to your business.

It always makes the most sense to build business credit and your funding options when your business does not need the business credit. Of course, that is not what most businesses do. They wait until, many times, it is too late to build business credit. If that is your situation, your options maybe limited if you are one month away from shutting the doors. Most of our clients, as they go through the business credit building process, wish they would have started the program 6 months earlier (because they wish they already had the results). The sooner you start the better!

Did you max out your personal funds and funding from family and friends and now the business needs to stand on its own? Here is how you can do that.

When your business builds business credit the proper way, even if you have limited start-up financing, your business should be quickly be in a position to access better business credit options in the future. That is part of the business credit building process.

Let’s cover some of the most common funding options:

  • Accounts Receivable Financing
  • Business Revenue Lending
  • Equipment Financing

When properly established, your retirement money may be accessed to start or grow a business. Without incurring any tax penalties. This has become a more popular option. A rollover package on the retirement account can put you in a position to secure even more capital through the business which you have started.

Unsecured Business Financing

Merchant Cash Advance

There are other options for your business. If you have been in business for 4-5 years and have everything in place, you may qualify for additional financing options vs if you are brand new with no revenues. Yet, as you already know, we can help support you either way to BUILD BUSINESS CREDIT FAST!

Need Funding? Take the first step and schedule a strategy session with Scott Letourneau. Learn more at this link.