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…

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Top 6 Uses for Small Business 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…

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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…

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Small Business Loan Risk Assessment

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…

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5 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…

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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…

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Approval stamp for small business loan

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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Federal Interest Rate Cuts in 2024

After a year of interest rate hikes, recent headlines say the Federal Reserve may finally start cutting interest rates in 2024. What does this mean for Small Business owners? Reduced interest rates makes short-term financing like a line of credit or term loan more readily available to small businesses, allowing growth that could have been…

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Customer Review

Small business owners that have not yet developed a strategy to leverage customer reviews to grow your business need to give it the attention it deserves.  We help you get started with this guide by providing simple, actionable advice. Why should you care about customer reviews? Customer reviews are about the success of your business. …

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