Fishing for a Business Loan?
Business Funding Consulting
Do you want a loan to launch a new product, expand your workforce, or upgrade equipment?
Business loans offer leverage to get your idea off the ground. For those who qualify, a business loan can provide your company liquidity within a few days.
We can set you up for a win by preparing for your loan application in advance and researching all the options available for your industry. We will carefully review with you the various types of debt, making it possible to decide on the risks that are well worth the rewards.
The Do’s and Don’ts of Funding
Good Reasons for a Business Loan
- Expansion of your current operation
- Equipment purchases to increase capacity
- Working capital to balance cash in against cash out
- Emergency line of credit for that rainy day
- Startup funding to get the business off the ground
- Developing a new business line
Poor Reason for a Business Loan
- Rescuing an unprofitable business – If you are faced with this dilemma, that is a good reason to contact us to get help turning around your business into one where you can get a loan for all the good reasons.
Asking for funds at these times can almost guarantees a rejection. Either from a changing business landscape or internal organizational changes, many businesses hit the wall and find their profits slipping. Unprofitability usually derives from a variety of internal and external factors, but most of the time it is a culmination of many of these factors combined. It is far more useful to expediently identify processes to improve cost efficiencies and create strategic and sustainable solutions before seeking funding.
Funding Experience Counts
We have procured numerous loans and lines of credit (too many to count). In the first year of a start-up business, we acquired a bank loan to purchase equipment which was leveraged by expanding into a second market. From there we expanded and financed the company into 12 markets utilizing creative equity, bank loans and lines of credit.
From the first $20,000 loan up to the later ones which were over $5 million, we understand
what lenders are looking for and what a company needs to do in order to get adequate financing.
Fix the Aches & Pains of Business Growth
At Cling Consulting we will be there with you every step of the way from the initial information gathering to the presentation of your business plan. Our approach will be to start by analyzing your business to get all the relevant information in order to obtain the funding you need. We will determine the strengths and weaknesses of your request, recommend the proper funding stream, and work hand-in-hand with you to prepare a compelling business plan. Finally, if appropriate, we will side-by-side with you for the presentation to the funder.
If funding is getting in the way of you growing your business take advantage of Tim Cling’s free one-hour consultation.
Get the Direction Needed to Move Toward Your Success
Give us a call to schedule your Free Consultation
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