Often times, I talk with other financial sources across the nation and one thing seems to be the same all over. Potential clients are waiting till it is too late to access the capital they so badly need. Even when they know it is vital to their business and their personal well-being, especially for small business owners, it seems as though they cannot make up their minds.
The unfortunate thing is that waiting till last minute and expecting to get funded based on a new contract or order just does not cut it. Small business owners must learn that in the world of Alternative Financing, the risk to the financing source is greater, much more so than a bank. In most instances, you are literally betting on the future growth of your company versus the banks who assess your past financial position. Banks do not care how great a contract or how big an order you just received, the bottom line is their assessment of your past.
So, when you have been turned down by a bank, do not wait till it is too late to access Alternative Financing. These sources do need time to assess their risk exposure and determine the viability of working with you.
Help them help you!
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To all guest visiting this blog for the first time, I welcome you. This blog site will endeavor to post valuable and meaningful articles and information to guide you. It is my hope that you learn something of value from visiting Accessing Alternative Business Capital Blog. I look forward to reading your comments. Do not hesitate to contact me with your questions and thoughts.
"The Fear of Success is just as debilitating as the Fear of Failure. Do not let either one hold you back." ~Karlene Sinclair-Robinson
"The Fear of Success is just as debilitating as the Fear of Failure. Do not let either one hold you back." ~Karlene Sinclair-Robinson
Wednesday, June 16, 2010
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Spank The Bank: The Guide to Alternative Business Financing
The Small Business Owner's Guide to Alternative Funding
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