What is Business Funding?

What is Business Funding?

According to businessdictionary.com it is providing financial resources to finance a need, program, or project. In general, this term is used when a firm fills the need for cash from its own internal reserves, and the term 'financing' is used when the need is filled from external or borrowed money.

Business funding comes in all sorts of packages. At Credit Pathway, Inc., when we talk about business funding, we are specifically talking about funding for businesses via non-traditional methods.

Most business funding is done through loans through lending institutions like banks. The problem with this type of funding is that many businesses do not qualify for traditional bank loans.  There are many reasons why a bank may not approve a loan, such as credit history, low volume of transactions and/or income,

New businesses can look for SBA or Small Business Association loans, but those require extensive paperwork and take a significant amount of time to process. Unfortunately, according to Inc.com only 20.1% of applicants aspiring for an SBA loan actually receive funding.

Business Funding

Credit Pathway, Inc specializes in alternative funding solutions. We can provide funding for either a new business (also called a Start-Up) or older businesses that do not have proven track records and financials.

Our business funding process works with individuals to obtain financing for their business.

We do this through our credit boost program and specifically through our relationships with lenders that understand the needs of up and coming businesses.

The problem with most small businesses and start-ups is undercapitalization. This is a lack of working capital that inhibits a business from operating smoothly and running operations.

At Credit Pathway, Inc. we will work with you to obtain business funding whether your business is new or old.

Contact us today.