Small Business Owners are often confronted with potentially profitable business opportunities with very short windows.
Out of no where, you might discover a local opportunity while browsing local social media; you might hear of an upcoming local event on a local radio channel; or a friend in your industry shares some interesting news about an upcoming local project.
Opportunities happen every day for the Small Business Owner, and sometimes, opportunities happen suddenly, and most times, opportunities require funding.
As a Small Business Owner, you just know in your heart, that if you had access to funding, then you would be able to bring together the needed resources to expand and grow your business, or to purchase the required equipment, or to hire the needed manpower to qualify for a local business project, and if you did get the funding you needed, you could increase your bottom line.
If you happen to be that Small Business Owner with an excellent business credit score and solid trade lines, over two years in business, and with the appropriate collateral, then God Bless You… head on over to your local bank or credit union and get the business funding that you need.
But if you happen to be that Small Business Owner faced with some challenges towards getting traditional local bank funding, and again, you know in your heart, that if you could only get your hands on the appropriate amount of funding, you would then be able to take advantage of an opportunity that could potentially grow and expand your business quickly, then alternative funding may be something for you to consider.
Alternative funding allows for strategic and savvy Small Business Owners to be financially prepared to take full advantage of a plethora of potentially profitable opportunities…
CASE STUDY #3
- A world wide entertainer was announced to be performing at a local park. The announcement came just three months before the show. A local Restaurant Owner believed that this could be a great opportunity to serve his famous Bar-B-Q ribs to a new audience and establish a new fan base, so he decided to get a loan for a food truck. The Restaurant Owner was DENIED by his local bank so he turned to alternative funding… he was quickly APPROVED… and his delicious Bar-B-Q ribs became well known and enjoyed throughout the city.
CASE STUDY #4
- The city was planning to build a new sports arena for a professional basketball team. A Small Business Owner who owned a diner located two blocks from the proposed site believed this could become a major attraction for his small diner, but he knew that the small size of his diner was not sufficient to accommodate the anticipated large crowds. So he decided to expand his diner. He applied for funding with his local credit union and was DENIED… alternative funding was able to assist with his expansion plans by getting him APPROVED and today his diner is rarely anything other than full capacity.
CASE STUDY #5
- A contractor had an opportunity to be a part of a major build in the downtown area of his city, but the city planner required that all applicants be fully equipped with all the necessary tools, machinery, and manpower prior to starting the job. He tried to get an advance from his bank and was DENIED… Alternative funding APPROVED the needed funds. His company was able to become fully compliant with the city contract and was able to be part of the team that completed the major build.
Opportunities are everywhere for the Small Business Owner, and RevitUpTexas offers guidance and strategies for Small Business Owners to be ready to take full advantage.
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