Posts by Liz Lowman
Unlocking Growth: Why Small Business Owners Should Secure Financing Now
In today’s fast-paced and ever-changing economic environment, small business owners are facing both challenges and opportunities. With inflation, fluctuating interest rates, and ongoing economic uncertainty, it might seem risky to consider borrowing money. However, securing financing right now could be one of the smartest moves you can make to grow your business, and alternative lenders…
Read MoreTop 6 Uses for Small Businesses Financing
Financing is a crucial lifeline for small businesses, providing the necessary funds to support growth, manage cash flow, and navigate market complexities. Once approved for financing, small businesses often use the funds in various strategic ways to ensure sustainability and foster expansion. Here are some of the top uses for small business financing that we…
Read MorePreparing Your Small Business for Growth: Strategic Steps for Securing Financing
Securing financing for your small business is not just about obtaining funds; it’s about strategically positioning your company for sustainable growth and success. Whether you’re aiming to scale operations, expand into new markets, invest in technology, or innovate your products/services, a well-planned approach is crucial. Here’s how you can effectively prepare for growth by securing…
Read MoreSmall Business Financing: Risks and Mitigation Strategies
For small business owners, securing financing is often a necessary step toward growth. Whether it’s to expand operations, purchase inventory, hire additional staff, or invest in marketing initiatives, accessing capital can provide the fuel needed to propel a business forward. However, it’s essential for entrepreneurs to understand that borrowing money also comes with its share…
Read More5 Reasons Small Businesses Fund with Alternative Lenders
More and more, small businesses seek funding with alternative lenders as opposed to traditional banks. For one thing, traditional banks continue to make it hard for small businesses to access capital with increased guidelines and regulations. But let’s take a look at the other reasons: Quick Access to Capital First, alternative lenders often offer faster…
Read MoreUnderstanding the Small Business Loan Application Process
The small business loan application process can be daunting if you don’t know what to expect. Whether you’re looking for a term loan, line of credit or something more like a flex-pay product, the basic process is similar across them all. Let’s review each step to provide a better understanding. Preparing your small business documentation…
Read More4 Tips to Get Approved for Small Business Funding
If growth plans for your small business require outside funding, one of your first steps is to understand your eligibility. Every financing provider has its own minimum requirements. We’ll examine what PHAZIS Funding requires when applying for financing as an example. Time in Business Your business should be established for at least six months. This…
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