If you have a small business that needs an injection of capital to make it grow or even if you just started a business, here’s the good news. There is a plethora of loan programs and funding vehicles available for small businesses and even small startup businesses. There is no lack of available funds to help new and small business owners. In fact, now is a great time to look for small business funding.
The bad news is that approximately 80% of all small business loan applications are declined. Don’t worry though because we are experts at helping our clients avoid being rejected. The reason that so many small and startup businesses are rejected in most cases has nothing to do with their credit score or even lack of established business credit. It has to do with factors that lenders look at to make sure the business is legitimate. Items such as phone number, location, website, etc.
Making Your Business Bankable
The first step in getting funds for your small business is to make your business bankable or fundable. This goes way beyond just establishing your LLC or other type of corporation. Even though a lot of funding is available for small businesses, lenders need to ensure the business is established to lower their risk of being scammed.
Our small business funding service includes a Success Scan. Our Success Scan looks at 150 data points across the internet to determine the strengths and weaknesses of your business’ funding profile. You will access the Success Scan for your business, input some basic information, and run the scan. You will get a list of the items your business is compliant with and a list of items that need to be worked on to become compliant.
$50,000 Funding Guarantee
If you use our Success Scan and walk through the steps to get your business fundable, we guarantee that you will be in a position to have a minimum of $50,000 available to you for your business. You will have access to a Business Funding Coach to help you apply for and get approved for the loan program that best suits your needs. We have 12 different programs available to you and will give you access to over 3,000 small business lenders.
Start-Up Businesses
As mentioned above, registering your business as a corporation does not put you in a position for funding. But it is still a necessary first step. In our Success Scan, you will see services available to not only help you register your LLC or other type of corporation but to also make sure you are not infringing upon another company’s trademark. This is important to lenders because if you are sued for trademark infringement, they will most likely be taking a loss on your loan.
Our Success Scan looks at your UCC Filing, your web rating score, your NAP validation, and many other data points that lenders look at when processing a loan application. Lack of compliance in these areas is why over 80% of small business funding loan applications are declined.
Establishing Business Credit
We also help you establish business credit. If you have a registered corporation that is over 60 days old, we give you access to vendors like Crown Office Supplies, Staples, Office Depot, AT&T, Best Buy, Grainger, Uline, and more. You can establish net 30 or net 60 accounts that will report to Experian, Equifax, and in some cases Dunn & Bradstreet.
Help with Your Personal Credit
What if your personal credit score is not where you want it to be? Perhaps you have late payments, bankruptcy, or other items that are hurting your business's chances of getting credit and becoming bankable. We have been helping people improve their personal credit for more than a decade. This is where we shine.
What Does All This Cost?
There are 2 ways to work with us. The first is to become a member of our Business Funding Program we call BizPath. You will receive everything that you see on the left and our personal credit builder program.
$589.00 to start and $199/month
Another way is to become an Advisor and share this with other business owners that you know. You get all the services you see on the left and the ability to share the program and earn income by doing so. You will also get paid on any loans should business owners you share this with get funding through the program. This can be a significant source of revenue for you. Not only is there income available but you ultimately pay less for the program for yourself.
$689.00 to start and $99/month
To learn more about BizPath and our Small Business Funding Program schedule a phone appointment with us. We will put you in touch with a business funding expert and start you on your path to growing your business.