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Funding For Startup Companies
By
Staff Writer
You built the business with little amounts of money here and there from family and friends, along with a strong will and firm determination, the hard work paid off, now you have secured that order from a major retailer or distributor, but where is the money coming from to fulfill that order? If you go to the bank, it is likely that they will say NO! They want a seasoned well established company as a customer.
It is frustrating for startup companies to find the funding they need to operate and grow when banks are constantly passing on their opportunities, some startups having to go to sharks and give away a big chunk of their business for a bit of startup/working capital.
The fact is that there is plenty of money available for startups, and the above scenario should not be a problem, funding is readily available to startup companies from non-bank lenders in the form or purchase order financing and factoring.
You can get an advance of up to 80% of your purchase orders to fulfill those orders, and once the order is delivered and you invoice the customer on a 30-60 day net, you can get up to 95% of that invoice within a few short days of your delivery.
These are some of the funding options available to startups, so don’t be discouraged. You can start the simple funding process right now – click