COMMERCIAL FUNDING

What options do small businesses have for commercial funding in the USA?

Funding, funding, funding. As a small business owner in the United States, you are probably tired of hearing that word. You’ve spent so much time and effort securing funding and yet you may have had your plans thwarted by difficulties with the big banks.

Fortunately, it is not all bad news. You do, in fact, have options at your disposal — options that can ensure your business hits its long- and short-term growth targets with ease.

Your first point of contact should be an alternative funding provider like First Down Funding. We are adept at working closely with clients to get to know their business and to offer them the funding that they sorely need.

So, what are your options for commercial funding in the USA?

Take a look.

  • Unsecured funding packages, which are ideal for businesses without high value assets or who are unwilling to put these high value assets on the line.
  • Bridging funding to overcome shortfalls in usable cash.
  • Bad credit funding for businesses without an established credit history

If you are interested in pursuing these options for your US-based small or medium sized business, get in touch with us or hit the button below to apply now.

What challenges do businesses face when they look for commercial funding?

But what exactly is the problem with simply acquiring small business funding from a big bank or from a traditional source? Why is there a need for alternative funding solutions at all?

Below, we’ll explore some of the key challenges small businesses face when looking for traditional funding — it’s likely that you will have experienced a couple of these yourself.

  • Banks apply rigid requirements to funding packages, completely excluding candidates with bad credit or without high value assets.
  • Banks offer only “one size fits all” solutions, which are not suitable for the nuances of small business.
  • Banks provide little flexibility when it comes to repayment options, leading to serious risk.
  • Banks’ approval processes are slow, which means that businesses may not have the agility they need to get the most out of funding.

All of these factors have contributed to a very difficult atmosphere for businesses who are trying to gain funding. This has had several knock-off effects, including discouraging entrepreneurs from starting new enterprises or precluding small businesses from experiencing growth. This, in turn, has damaged the country’s economy — the American economy relies heavily upon the success of small businesses.

Using alternative funding

At First Down Funding, we are passionate about supporting these businesses and supporting the US economy as a whole. When you connect with funding from FDF, you can decide to use it in any way you want, perhaps including some of the following purposes:

  • Hiring new staff
  • Growing the business and covering increased costs
  • Taking advantage of reduced inventory prices
  • Advertising or marketing your business
  • Investing in infrastructure
  • Acquiring another department or diversifying your business offerings
  • Reducing debts or consolidating expenses
  • Increasing readily available short-term funds

There are many factors that drive businesses to seek out alternative funding, and those listed above represent just a few. If you would like to learn more about what the First Down Funding team can provide to your American small business, get in touch.

To get started with the application process, hit the button below and follow the instructions. Applications generally take less than two minutes.

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