Small Business Financing In 2013

Jan. 23, 2013 - PRLog -- (Dallas, TX) There is talk and some strong indicators that our economy is already back in another recession.

Regardless if that is true or not, the state of the economy still remains a huge obstacle for small businesses trying to grow and hire.

Now, there are many ways that small businesses can grow and expand from finding ways to sell more to current customers, using social media to attract and capture new customers and developing and designing better products that more consumers want or need.

However, underlining all of this – for a small business to pull any of these off – it will need capital – either internal capital which is scare or outside capital in the form of business loans.

But, if the economy is already in or headed back into another recession, the ability for small businesses to actually access the capital they need will be hindered – even after all the small steps in the right direction our capital markets have taken over the last few years.

Banks remain weary of small businesses due to the risk associated with these entities and thus still shy away from funding their capital needs.  And, if the economy is actually sliding backwards, that means even less access for all – good and bad – small businesses.

To that note – and maybe as an upside – banks are not the only option for small businesses these days.  And, while the goal of most entrepreneurs is to land that ever coveted bank business loan – it is unlikely to happen any time soon – but, should still remain the goal of the small business owner – because once you do actually land that bank loan, you know that your business has actually made it.

With the lack of traditional capital in our markets over that last 5 years or so and the future not looking very bright on that side of the balance sheet, there have been many other players – new small business lenders – that have created new loan products or modified existing products to fill the financing gaps faced by these small firms.

These are not traditional business loans and are not designed to be underwritten that way – they are more of a specialty financing designed to provide growing small businesses with the capital they need and only want they need.

These new loan products are based, not on profitability, credit scores or collateral values but on small businesses ability to generate revenue.  If a business can demonstrate that it can generate revenue and needs additional funding to grow (to generate more revenue) then, these new lenders have found a way accommodate.

Small and Main Street businesses have for years been adamant about having financing sources that focus more on the business and less on the owners or assets.  Well, now they have it.  The question then because – what will they do with it?  We can only wait and hope for the best.

Having said all of that, Business Money Today has created a free searchable database for busy business owners in finding, understanding and applying for these new business loans. The database requires no personal information on the part of the entrepreneur and is designed only to educate and inform.  Business owners selects their own search criteria and then get to choose which company and their products they want to find out more information about.

The end goal is to better ensure that those businesses that truly need outside capital to grow have an unobtrusive place in which they can quickly search for and find the business loans they need - http://www.businessmoneytoday.com/search/general-search.php

The more small businesses this country has and the stronger these businesses, the better it will be for us all.

About Business Money Today

Business Money Today provides information and resources regarding all types of business financing options, providing better information to business owners allowing them to make better choices in their financing decisions; better choices that could mean the difference between financial freedom and business failure.

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