Study Shows One of the Biggest Concerns for Small Businesses is Acquiring Funding

A recent survey took the pulse of small business proprietors to get their feedback on the existing state of affairs within the small business industry.  More than half of the proprietors say they’re encouraged by the industry’s growth, despite some misgivings about its long-term sustainability, which they believe may impact overall company expansion.  Moreover, the predominant concern expressed by nearly 50 percent of small business owners is acquiring working capital. 

Although most small business owners said they typically opt to obtain funding by applying for traditional bank loans, the biggest downside cited is the long vetting process for a bank loan, and the reluctance by some banks to grant loan requests. Other proprietors mentioned a lack of awareness knowing alternative funding options beyond bank loans and private financing from a friend or relative.  

In instances like this, knowing all of your funding options can go a long way in fostering your businesses growth.   That’s why Silver Rock Funding is available to help you reach those financial goals with a simple process that entails connecting you with one of the company’s many lenders to find an adequate plan for you.  The application process is free, and most loans are approved within 72 hours for merchant cash advances of up to $500,000. This is a valuable resource that can help your business reach its full potential.