Business Funding is consistently a hot topic in entrepreneurship circles. It’s a no-brainer. An ability to get business funding is crucial for success. However, many entrepreneurs struggle to receive funding. Big banks tend to be more eager to fund larger enterprises, leaving small businesses in the dark. Alternative lenders have emerged as a reliable solution. At
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Studies have shown that 543,000 small businesses are started each year. They are recognizably a driving force of our economy, with more than 50% of employed citizens working at small businesses. National Small Business Week, in the first week of May, highlighted the importance of the overlooked companies. Conflicting information has emerged throughout the first few months
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Throughout the United States businesses are preparing for a change in the season. Summer is approaching and consumers are ready to spend with your business. Surveys have shown that people tend to spend more money during the summer. So, Americans are ready to make purchases outside of their usual bills as the weather heats up.
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If you own a business long enough, you will endure a lot of issues. Some are for the best and others for the worst. During every stage of your business, money is paramount. Whether you only have an idea or you are a local favorite, you must have the business funding. Silver Rock Funding and our
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The reason why we need National Small Business Week is because there are many challenges for small business owners, yet they hold our economy together. Small business ownership is not always an easy endeavor. 80% of businesses fail in the first 18 months of being in business. So, what is the key to a successful business? Your friends
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Every business has been there. Whether the oven goes out at your pizza shop or a company vehicle breaks down.  It can be impossible to prevent such occurrences. Unfortunately, for many small business owners, you must be ready to come up with the money to cover them as soon as possible. When unexpected expenses occur,
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Regardless of your time in business having money on hand never gets old. A business line of credit can help your business when you have no extra cash on hand. Entrepreneurs do not have to struggle to make necessary purchases. For those who need new merchandise or new equipment, funding is available. You may wonder if a
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Not many entrepreneurs are able to get business loans when they need them. At Silver Rock Funding, we hear from business owners who have been denied by banks and other lenders for various reasons. So once funding is actually approved, many are quick to accept the loan they are offered. Not all business loans are
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In recent years, we have seen a rise in entrepreneurs starting their businesses by “boot-strapping.” Loads of entrepreneurs have used their own money to get their businesses started. Small businesses owners soon realize that business funding is still needed after they’re fully operational. As a business expands, you may lack the capital to keep your
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Bad credit does not have to interfere with business success. Lack of working capital can be a hindrance to your business success. When a business is looking for money their past can come back to haunt them. Bad credit can stop you from getting a business loan, if you are seeking funds from traditional lenders.
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