According to the Bureau of Labor Statistics, a majority of new businesses fail during the first several years of operation due to a lack of working capital. That’s why Bizfundingfinder, an online platform founded in 2015 to match small-business owners with a variety of commercial financing products, has found great success. By Jessica Petrucelli
According to the Bureau of Labor Statistics, a majority of new businesses fail during the first several years of operation due to a lack of working capital. That’s why Bizfundingfinder, an online platform founded in 2015 to match small-business owners with a variety of commercial financing products, has found great success.
“We offer pretty much every type of commercial funding product you can imagine,” said Scott Goldman, director of operations for Bizfundingfinder’s independent sales office program. “Most small businesses in America need money to operate, and over 80% of them can’t qualify for traditional financing through a bank. They simply don’t meet the high credit requirements, or they lack the necessary collateral, and that’s why they come to this marketplace.”
Drawing from a network of over 100 funding providers, including bank and non-bank lenders, Bizfundingfinder offers a range of secured and unsecured funding products.
“In addition to unsecured working capital, which is a product that can take different forms and is the most common way for businesses to get short-term financing to cover cash flow gaps, we also offer term loans, lines of credit and traditional SBA loans,” explained Goldman.
Bizfundingfinder also offers equipment financing through loans or leases specifically designed to help businesses acquire anything from dental chairs and diagnostic machines to construction equipment and commercial kitchen appliances. Commercial real estate financing, which offers businesses the ability to purchase, refinance or renovate property used for commercial purposes, providing borrowers with larger loan amounts and longer repayment terms, is also a company specialty.
“Whatever a business needs and whatever they have to work with, we find the best solution, typically in a matter of hours,” Goldman said.
Bizfundingfinder is currently seeking to partner with independent contractors who want to operate their own sales offices remotely from anywhere in the U.S. Remote training is offered through the company’s online school, but live one-on-one sessions are also available. Additionally, Bizfundingfinder provides new independent contractors with a marketing plan and training to generate leads as well as ongoing support customized to fit their needs.
“We’re looking for people who want to start a business or already own a business in an adjacent industry,” said Goldman. “Consulting, insurance, accounting, finance or mortgages – this is a great addition to anyone in those industries.”
Jessica Petrucelli