GROWTH STAGE FUNDING

Growth Stage

Is your company in growth mode? If you’re at this stage, your business should now be generating a consistent source of income and regularly taking on new customers. Cash flow should start to improve as recurring revenues help to cover ongoing expenses, but you still need to have access to capital. The problem for many small and medium size business owners is you may not be eligible for a traditional bank loan because you do not have a track record, you have credit challenges or you are in a high-risk industry.

Cash flow problems are the second most common reason why small businesses go bust but business owners have to spend money to make money during a growth period, but this concept can quickly get out of control and leave you in a precarious position. This is where FundMySMB come in to help. We work closely with companies like yours from a strategic funding perspective. FundMySMB provides you funding options that will align with our growth and funding strategy when banks can't or won't meet your funding needs or timelines.

Growing businesses face a range of challenges but having access to capital shouldn't be one of them. Now, let's get you funded!

REQUIREMENTS:

  • 450 + Credit Score

  • 4+ months bank statements with less than 5 NSFs per month

  • Must produce at least $10k/mo in revenue per month

  • Minimum one-page application

  • 4+ Months in Business

  • Copy of VOIDED Business Check

  • Copy of Driver's License

  • Funding over $100k requires P&L and Balance Sheet