Bankers Can Be Business Funding Super Heroes
How Business Loan Brokers Bridge the Gap When Traditional Financing Fails
Despite the fact that business owners are declined for working capital 80% to 90% of the time by traditional funding sources, business bankers can still help.
Business owners have their funding requests denied for a variety of reasons, including:
- Being in business for too short a period (banks typically require a minimum of two years in business)
- Lack of collateral
- A FICO score below 700
- Poor credit history
- Operating in a restricted industry, such as cannabis, bars, nightclubs, or other high-risk businesses
When a banker knows they are unable to approve a business owner's funding application, they can bring in a trusted partner to help.
An independent business loan broker, such as Carpenter Financial Services, has access to multiple funding sources known as alternative capital lenders.
These lenders offer more flexible financing terms and conditions and are often willing to work with businesses in restricted industries. By combining our resources, we can help small- and medium-sized businesses secure the working capital they need to grow.
One of the biggest reasons businesses fail and ultimately close their doors is a lack of access to working capital.
At Carpenter Financial Services, we help business bankers become funding superheroes by providing solutions when traditional financing isn't an option. Together, we can help business owners overcome funding challenges and keep their businesses moving forward.
Sondra Carpenter
Carpenter Financial Services
Independent Business Loan Broker
