Funding for Entrepreneur

Starting a business is not as easy as most people think – it’s a combination of sweat, tears, blood, and joy and at the start, it’s nothing but heartaches and frustrations. A majority of businesses start with hardships and that’s the reality.

There’s not a single business that started out successful, every business had an instance where it went wrong and the success that came right after was due to the dedication of the entrepreneur. In the early days of a business, one of the biggest problems entrepreneurs would experience is in acquiring funds.

Funding a Business

Business funding will never become a thing if it’s not widespread – in fact, more than half of the population of businesses said that they loaned or they borrowed money to start or launch their business.

Looking for funds is one of the most common things entrepreneurs face when they start or launch their business – and it often becomes a nuisance. Most aspiring business owners, when they face a brick wall – they give up.

Being an entrepreneur is not about producing the best company or the best business, it’s about looking for ways on how something negative can turn positive. It’s about finding solutions to the problem that seems inevitable. So in these types of problems, what are the best funding options for entrepreneurs?

Financing Options for Entrepreneurs

When we speak about funding for entrepreneurs, it’s not always about applying for loans and other credit lines. In some cases, it’s also about finding investors to help you fund and finance your business efficiently and successfully.

Some other options of entrepreneur funding includes:

• Asking help from investors
  • Crowdfunding
  • Angel Investors
  • Venture Capitalists
• Help from friends, family members, and relatives
• Shelling out own money from savings
• Applying for loans
  • Bank Loans
  • Loans from Credit Unions
  • Loans from the Small Business Administration (SBA)
  • Funding and Lending Companies

Why a Majority of Entrepreneurs Disregard Help From Investors

Asking help from an investor sounds pleasing to the ears – it could also be hitting two birds with one stone because not only would they provide the funding you need, they can also help and assist you in running your business.

However, one of the main problems with that is the fact that they’ll demand equity instead of repaying the investment they’ve made. This cuts out a percentage of your company out of your own pocket. Whether they only ask for 5% of all total sales, or anything of that sort, it’s still something you’d have to carry long-term.

Whereas when you apply for loans and you choose that as your way of entrepreneurial funding, you’d have to pay the loan back with interest but once pay it back in full, your debts finished – it’s completed. There are not a lot of companies that offer a hand by funding entrepreneurs but we here at SoFlo Funding can be the loan provider you’ve been dreaming of working with.

What SoFlo Funding Has

In case you’re wondering what makes us special, it’s all with the numbers. More often than not, financial experts consider funding and lending companies to have the highest interest rates across the spread of the market.

This is true, however, it’s only applicable if the rates are compared to the rates banks have. With the speed of lending companies, it definitely pays for the convenience clients get from funding and lending companies.

The application process we have here at SoFlo Funding is fast, easy, and it’s one-of-a-kind. Within a few minutes, you can get pre-approved! The application process we have is something we assembled and programmed ourselves so that our clients can feel the ease of doing transactions with us.