There are almost one million small businesses in the beautiful state of North Carolina. Many North Carolina entrepreneurs require business funding to get their ideas off the ground. North Carolina offers grants and state-issued tax breaks for people who own their own companies and are self-employed. These essential grants, with the help of Small Business Funding, allow North Carolina corporations to thrive.
Small Business Funding are used for a variety of company-related endeavors. Some owners take funding because their businesses are struggling to stay afloat and they need a saving grace to prevent bankruptcy. Others use their funding to expand on their companies and provide upgraded services to their customers. Before choosing to take funding, you’ll want to create a plan for the money. Know how much you’ll need as part of the funding and what the money will be spent on.
North Carolina became its own state on November 21st, 1789, and has since then grown larger than anyone could have ever imagined. Now home to over 10 million people, North Carolina is the 9th highest populated state in the United States. Charlotte, NC, the largest city in North Carolina, consistently experiences rapid growth in its economy year after year and is home to six Fortune 500 companies. And, of course, there’s the state capital, Raleigh, NC – which was ranked by Forbes as #2 on their list of Best Places For Business And Careers.
North Carolina is an excellent state to be in if you’re looking to grow a business – particularly in the manufacturing, retail, and healthcare sectors, which is where capital thrives the most. North Carolina also boasts a diverse agriculture industry, leading in the production of many commodities including strawberries, sweet potatoes, and Christmas trees, among others. In fact, there are about 49,500 farms that spread across the land of North Carolina, which bring in about $76 billion each year.
But, while North Carolina is undoubtedly a place where businesses thrive, there’s still the matter of capital that new business owners have to overcome. Larger financial institutions or the SBA are usually the first places entrepreneurs turn to for funding due to attractive financing options and low-interest rates, but qualifying for one of these funding can be extremely challenging – even if you have great personal credit. This is why more and more small business owners are turning to other funders for the funding that they need.
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Charlotte is the largest and most famous city in the state of North Carolina. Charlotte is actually one of the largest financial centers in the United States. It has the third largest banking presence behind New York City and San Francisco. If you want to start a business where you’ll have plenty of access to capital, this is a good spot. First Down Funding is one of the favorites funders in North Carolina.
Raleigh has one of the most diverse economies in the state of North Carolina. Finance plays a major role in the local economy, as well as retail and telecommunications. It’s a great place to move for small business owners as it has plenty of infrastructure for incoming business owners. First Down Funding is one of the favorites funders in Raleigh.
Greensboro is a manufacturing hotspot in North Carolina. It’s one of the top places in the country for the tobacco industry. The area also has a University of North Carolina campus. It’s a great place to move for young families. First Down Funding is one of the favorites funders in the Greensboro.
Durham is home to Duke University, which is one of the largest employers in the area. As one of the top universities in the country, Duke attracts a range of research institutions to the city. It can be a great place to start a business for a number of different industries. First Down Funding is one of the favorites funders in Durham.
Winston-Salem is the home of Wake Forest University. This small city benefits from the students who live in the area. Summer times can sometimes bring less revenue as students leave the city for the holidays. Winston-Salem is also a hotspot for the tobacco industry. First Down Funding is one of the favorites funders in Winston-Salem.
The best time for your company to take funding is when you need a large lump sum of cash for business expenditures. Some use their funding money to improve marketing and advertising to bring in new clients. Others use their funding-obtained money to expand on their shops and properties, improving services for customers. When taking out Small Business Funding, you need a clear goal in mind so that the money benefits you. Many entrepreneurs apply for funding, receive the money and then spend it on frivolous things that aren’t advantageous to their companies. Before spending any money, have a solid objective for your business and know where every penny of that funding is going to be spent.
First Down Funding Offers quick processing and next day funding business funding in North Carolina
First Down Funding specializes in structuring and approving cash advances for small to medium-sized business owners in North Carolina just like you. We have a large selection of merchant services that are designed to immediately help with all of your business’ needs. Our continuous growth allows us to give personal attention to each client’s specific needs and offer creative solutions. First Down Funding provides alternative business funding as well as the advice you need to keep your business thriving.
Small Business Funding application is different from personal funding. If your company is older and well-established, you should have no problem taking out a funding. You’ll need documentation of sales and expenditures associated with your company. This lets First Down Funding know if you’ll have the funds to pay back the funding.
We’ve designed our process to provide businesses with the funding they need safely, securely and easily:
Fast & Simple Experience: Our online application and approval processes are straightforward and highly effective. With our easy application process and fast approval rates, we make it so that you can get the funding you need, when you need it.
Focused on Working Capital: Working capital is the financing your business needs on-demand to proceed with day to day options. We make it so that you can attain these funds within 72 hours of your approval.
Service & Support: Our business financing services are personalized so that your business’s unique needs are met. We work with you personally to ensure you are supported at every turn.
If you have a good idea and a little bit of business savvy, a small business startup funding can serve as the cornerstone to your fortune. Whether it’s a traditional business funding, credit line, commercial mortgage, construction funding or business credit card, First Down Funding can provide the funding you need to become your own success story.
Our support for small businesses extends well beyond startup funding. Visit our blog to read about valuable information for small business owners including:
We Help Small Businesses With Working Capital Financing For Short & Long Term Projects
Raleigh, NC is part of the Research Triangle of North Carolina, one of the country’s largest centers for high-tech and biotech research. Forbes ranks Raleigh, NC as the second best place for business and career growth. With a job growth rate of nearly 4% over the last three years, it’s easy to see how they’d be awarded with this distinction.
The Greater Raleigh area is home to a number of big name colleges and universities including the University of North Carolina at Chapel Hill, Duke University, North Carolina State, and Wake Forest University. The economic impact of these schools is profund, given the amount of remarkable research these schools churn out each year. It seems that nearly every year we hear of new breakthroughs in cancer treatment stemming directly from the Research Triangle.
Aside from ground-breaking research, Raleigh is home to The North Carolina Museum of Art. The museum houses some of the best artwork collections one could find between Washington D.C. and Atlanta. And speaking of beautiful artwork, Raleigh is also known as the City of Oaks for its many oak trees.
While the Research Triangle, colleges, and healthcare services are the biggest economic drivers on a national scale. Raleigh still survives thanks to the hard work for local entrepreneurs. Of course, having enough working capital to support and drive your business forward is crucial. If you are looking to turn your looking to reach the next level in your business, exploring funding for a new office could be the logical next step.
We’ve taken all of this into consideration in order to create the Small Business Funding company to truly support small businesses easily.
While big banks may have been the go-to experts in business funding in former years, they may not be the best choice for small business owners today.
When small business owners in Raleigh first realize they need help securing working capital, they’ll usually start by researching traditional business funding. However, this can often lead to aggravation since they soon realize that many strict requirements need to be met in order to qualify.
The average wait time to receive business fundingfrom a traditional bank is usually about 90 days, which isn’t very helpful when you’re in need of quick funding. And, in some cases, that wait time can extend up to as long as six months. We know that business owners don’t have any time to waste, which is why we decided to change up the funding game.
At First Down Funding, we keep our applicants in the know during the entire process from start-to-finish, and many applicants receive an answer in just 60 minutes.
Once you’re approved, we process our alternatives to short-term Small Business Funding fast, and sometimes our customers see the funding in their account as soon as the end of the next business day. Helping business owners obtain the funding they need to grow in such a short time span is an amazing feeling for us.
Our customers love sharing their experiences with First Down Funding, and thanks to their testimonials, we have been rated 4.8 starts in google reviews.
If you would like to learn more about our types of short-funding options for small businesses, call First Down Funding today at (866) 644 1353.