Small Business Loans

Small businesses today are in a very complex and challenging arena. They are often caught between the proverbial rock and a hard place. As a small business starts, there are a vast array of hurdles one must successfully cross, or be out of business. In order to start any small business, the business owner must have a large amount of operational capital. In order to have this capital, the small business owner often must place themselves at the mercy of the banking institutions and their big name competitors. The small business owner must also have frequent access to cash flow services, this is necessary in order for the small business to pay employees, obtain merchandise, office equipment, and so forth. The small business owner or prospective owner then begins the foray into the world of banking and credit.

In order for the small business to get off the ground, he/she visits the bank for a business loan, the bank then asks for credit checks, credit references, collateral to secure any loans, and to sign their souls away in blood. If the owner passes these requirements, then often big name competitors begin a relentless campaign to shut them down. The small business owner feels helpless and very frustrated. After all competition is a healthy thing.  I understand this first hand as I am a small business owner.

When I was first starting my business I wish I had known about groups like this one. Knowing that there was a group of people, who themselves, are small business owners, are there to provide some operational venture capital to allow the small business owner to focus on his/her business. This group is focused on small automotive garages or repair shops. The amounts available vary, but can reach as high as $250,000.00. Imagine what you can do with amount of capital. Really build your inventory base?, add more storage space?, the list is endless.

So groups like this that provide small business loans are essential for the success of any small business.