Tips to Help Small Businesses Understand if They're Ready for Financing

Press release from the issuing company

Tuesday, July 22nd, 2014

Leading alternative financing company Reliant Funding has released a set of tips to help business owners in various specialty niches understand when their company is ready for growth. 

"For small business owners, it's tough to keep track of all the moving parts when there's a limited amount of time, and more things to do than time available.  We want them to know when circumstances are right for their company to get financing and expand their operations.  And we make getting business financing simple which helps businesses quickly capitalize on opportunities," said CEO Adam Stettner.

"The business simply needs to gross $5,000 per month in sales, have no open bankruptcies and be in operation for at least 12 months.  Just a single page of paperwork needs to be done and recent financial statements must be provided.  After that, it takes about 3 business days for our clients to get up to $500,000 per location," he continued. 

The following businesses may be primed for growth if they are experiencing these circumstances:

  • Restaurants and bars – To succeed in this business, owners must target a specific demographic.  If the customer in general loves the food and drinks, it may be time to open a second location that sells to the same type of customer. In addition, seasonality could spur business renovations.
  • Auto repair – Because there are many competitors in the auto repair niche, businesses that have consistently been able to make it through the tough times and prosper in the good ones are prime candidates for growth.
  • Healthcare – In order to remain successful, healthcare providers must provide a welcoming environment to patients with state of the art equipment.  If they find that patient's repeatedly request services that are not currently offered, this could be an opportunity to purchase new equipment for expansion of practice services. 
  • Retailers – If your business is past the point of knowing your current customers, then it may be time to put more money into marketing and renovations.  Or if certain products are not moving, testing new inventory could be in your future plans.