Small Business Funding in Los Angeles

Small businesses account for more jobs in the United States than any other companies. More than half the population in the country either works for a small business or owns a small business. In order to sustain small businesses, many banks in California and across the country are willing to work with business owners and provide them with working capital.

Small Businesses in California

There are 3.9 million small businesses in California, making up 99.8% of the state’s businesses. Those companies employ nearly 50% of the state’s workforce.

Silicon Valley has emerged as the destination of choice for establishing technology businesses. Apple, Google, HP, Intel, Adobe, Ebay and many more major tech giants have established their headquarters in Silicon Valley, and they operate from the region with continued business success.

 

What Percentage of Businesses Are Small? 

Small businesses play an essential role in California’s regional economies and industry sectors, generating an annual payroll of $204.1 billion in 2012.

Small Business Funding in Los Angeles 

Thanks to wonderful weather and the Pacific Ocean, the entertainment capital of the world welcomes more than 45 million visitors per year. L.A. businesses do 19 billion dollars in revenue from tourists alone. For business owners in the county, there is no shortage of customers, patrons and clients. The challenges of running a restaurant, establishment or other service company in Los Angeles is in finding a loyal audience in the crowd and continually reaching them.

LA is among the most competitive business climates in the world. New businesses are always opening and contending with the veterans of the area for more market share. A mind-numbing number of startups close their doors within their first year in Los Angeles County; it certainly isn’t the easiest place to make a living but can be quite lucrative. For those businesses who have successfully navigated their first four quarters or more, staying open is still difficult without a constant push to innovate and adapt.

When your LA-based business needs money to make a change, it can be difficult to secure free capital. It’s not uncommon for small and medium-sized businesses to have most of their capital tied up in assets, locations, tools, products or other overhead costs. When you don’t have the free cash to realize your next business dream, alternative funding options to a working capital business financing is an attractive choice.

Small Business Financing in Los Angeles

Just a little over a decade ago, when small businesses in Los Angeles needed a merchant advance, the only place they could turn was the big banks. Thanks to rising rates, increased stipulations on funds and an unfairly long lending process, many business owners have sought out an alternative to the major lending institutions.

First Down Funding provides that alternative.

Many banking institutions routinely make applicants wait 90 days to learn if they’ve been approved with some applicants reporting waits as long as six-months. Our applicants are notified of their approval within hours, in fact, most users wait just minutes to be approved for funding.

Once your funding program is approved, our funding alternatives to short-term small business funding can arrive in your bank account by the end of the next business day. Many business owners go from application to cash in their hand in under 24 hours.

Apply now for Business Funding in Los Angeles