All small business owners need capital to expand their operations. But historically, minority-owned businesses have had a difficult time getting approved for working capital. In fact, according to an article by Forbes, minority-owned small businesses grew by 79% between 2007 and 2017. This was 10 times faster then the overall growth rate of all small businesses.
Despite this growth rate, minorities are still having a difficult time receiving small business loans. This is due to a number of reasons outlined in the Forbes article.
Thankfully, you will always have a partner with Small Business Funding. We are proud to provide business loan options for minority owned business leaders. Helping you secure capital needed to continue to grow your business.
Traditional banks are too restrictive with their underwriting and require too much documentation causing the borrowing process to be slow, inefficient, and cumbersome. In most cases, we do not require tax returns or collateral. We look primarily at your business performance and your ability to repay an advance of capital.
All too often small business owners of all races find themselves in a tight cash flow situation. That’s where we can help.
Your application and approval process will be quick and easy. As long as you have been in operation for at least 3 months and generating $8,000/month in revenues, we may be able to get you the working capital needed to grow your business.
Complete our, no obligation application and should you meet our initial requirements, a dedicated Funding Manager will be in touch to discuss your funding options.