Sometimes traditional forms of lending are out of the question. There can be a variety of reasons, from a poor business credit score to lack of adequate revenue to being to new (and thus posing a higher risk). Additionally, if you run a micro business, banks may not see you as profitable enough.
Fortunately, there are alternative lending companies that business owners can turn to that may offer a lifeline of funding when banks reject loan applications.
The problem often is finding them.
We’re enthused to be bringing a variety of alternative lenders to one place at one amazing event: Access to Capital: Money to Mainstreet at Chicago’s Navy Pier on May 22nd!
Moderating this panel discussing Alternative Funding is Tammy Halevy, SVP of New Initiatives at Association for Enterprise Opportunity (AEO). Panelists include,
Additionally, the panel will feature Yousuf Razzak, CEO of Chicago Printing & Embroidery, who successfully harnessed alternative funding, in his case Franklin Capital, to rebuild his family’s business and eliminate debt.
If the Alternative Panel sounds great, but you want to learn more about another forms of funding too, there will also be panels on Traditional Lending, Crowdfunding, and Startups & Entrepreneurs.
You’ll also have the opportunity to meet one-on-one with a wide array of lenders including those which the above panelists are a part of, Bank of America, Wells Fargo, SBA Chicago, Ridgestone Bank, and many others! So, before you take off for that long Memorial Day weekend (who am I kidding, right?), take a day off and learn how you can take your business to the next level!
Interested in a FREE business credit consultation with one of our Credit Advisors call 1-800-701-7168. A credit consultation can help you understand how to leverage your business credit file to secure contracts, get access to capital, manage cash flow and minimize business risk, call 1-800-701-7168.
[CC Photo Credit Photo Dean]