If you're looking for small business financing, the idea of a grant likely seems pretty attractive. Many business owners say that small business grants are like free money that falls from the sky. As long as you meet some requirements, you'll get a check that you never have to pay back.
That sounds pretty amazing, doesn't it? You just have to stick out your hands and catch the money as it comes out of the sky. Then, you can use it for anything that you want, from building up your business to replacing your equipment.
Of course, it's not quite that easy. Small business grants are hard to qualify for, which is why they are more like a myth than a reality to business owners. Business owners love talking about them, but when it comes time to actually get one, they come up short. The grants always seem out of reach, no matter how hard they try. Instead of grabbing money from the sky, business owners are like Sisyphus going up the mountain. They keep moving toward the grant, only to get pushed back time and time again.
Fortunately, if you can't get a small business grant, there are other funding options available. You can stop trying to push a boulder up the grant mountain and apply for Factoring 2.0 from 48 Factoring. Our small business financing service are much easier to obtain and provide you with the funding you need, whether you need working capital or you want to replace some equipment. Best of all, you don't even need good credit to get it.
First, though, let's see if you qualify for a small business grant. If you do, you can climb the rest the way up that mountain and claim your money. If you don't, you can check out your other financing options. Either way, you should be able to get the money you need soon.Small Business Grants — Who Qualifies?
While some people claim that small business grants are based on need, that's only a small part of the equation. In fact, grants are typically only available for nonprofits, so if you need the money but run a commercial business, you will be less likely to receive a grant.
The federal government provides grants to these organizations to help them get off the ground and meet the demands of surviving in the nonprofit world. If you operate a nonprofit, there is a variety of grants you can apply for. They are broken up by industry, so you simply need to look for the industry you serve and then select one of the available grants. Then, go through the process to try to secure the funds.
There's a good chance that you don't work in nonprofits, though. If your company makes you money, you need to apply for a commercial grant. While they aren't nearly as plentiful as nonprofit grants are, some are available at both the state and federal level.
The government doesn't make it easy to get one of these grants, though. Not only is the competition fierce so you'll have to beat out countless other commercial companies, but there are also stringent requirements.
Requirements vary by industry. For instance, if your company is in the manufacturing industry, you need to have fewer than 500 employees to get a federal grant. In addition, you might have revenue restrictions that you have to meet. If your yearly revenue goes over a certain amount, you won't be able to receive one of the small business grants from the federal government.
If you're applying for a state grant, you might need to have a woman-owned business or meet another type of requirement. Since each state offers its own grants, the requirements vary from one state to the next. While requirements vary, the competition levels are typically the same, meaning they are incredibly high, no matter what grant you apply for and which state you live in.
It's important to understand that the requirements aren't set in stone, but you have to talk to an official in order to get the restrictions waived. This isn't easy to do, and unless you have a lot of experience in government grants, it's not likely to happen for you. You'll likely have to follow the restrictions down to the letter in order to qualify for a grant. Of course, you can hire an attorney to help you get the restrictions waived, but you probably don't have the money for that.Small Business Grants on Websites – Are They Legitimate?
All of this information might make your head spin, causing you to wonder if there is help out there. How do you know which grants have which restrictions? How can you find the best grants for your industry? Are there hidden grants out there that you can get? Is there an easy way to get the money that you need for your small business?
If you're seeking an easy answer to these questions, you might find yourself on one of the websites that claims it can help you find small business grants.
A quick Google search brings up tons of these websites, and they certainly get a lot of traffic. Unfortunately, many of these websites are owned by unscrupulous people who wish to cash in on the needs of people like you. You typically pay them a fee, and they'll give you some information that you can find for free online. You'll be out your money, and you still won't have a grant. You won't even have valuable information. The website owners are the only winners in this situation. They have your cash, and they didn't even have to work for it. That's kind of like a grant in itself, isn't it? The only difference is that taxpayers fund the grants, while businesspeople fund the site owners.
Instead of wasting your time with those websites, we have a much easier alternative for you. While you might not qualify for one of the small business grants out there, you likely do qualify for a Factoring 2.0 from 48 Factoring.
Let's look at the difference between 48 Factoring's product and a government grant for your small business. Then, you'll know if you want to skip past grants and move right to Factoring 2.0 with us. Once you make that decision, you can get your money quickly and use it to fund your small business.Funding from 48 Factoring vs. Small Business Grants
Unlike small business grants, you do have to pay back the money coming from 48 Factoring. However, these services are much easier to get. In fact, you can even get it if you have bad credit.
We use a proprietary system to gauge each applicant's ability to pay back, and credit scores are just a small part of that system. If your credit score is low but you have a solid monthly income, we can likely help you. We analyze your entire past and predict your future instead of just focusing on a number.
This is great news for the countless small business owners who have a bumpy credit history and need money to run their companies. When you go with 48 Factoring, past credit mistakes don't have to hold you back. You won't get the same type of service at a bank or with many of the lenders online. In fact, we offer service to countless people who have been rejected by banks in the past.Source of the Funding
Also, unlike small business grants, the money you receive doesn't come from taxpayers, so you don't have to prove what you will use it for. For instance, you aren't stuck expanding your company or replacing outdated equipment with Factoring 2.0. You don't have to submit plans that explain what you'll do or prove a specific need in order to receive the money. The money is yours to use as you see fit, so you'll have the freedom that you won't get from a small business grant or a bank loan.
It's important to understand that we provide the money directly, which is unique in the business. Many of the websites that offer small business loans are actually just middlemen. They take your information and then search for lenders to provide the funding. That is a long and drawn-out process, and it means you'll likely get phone calls and emails months after you apply. These middlemen just blast your information out to the masses, so the calls and emails won't stop, even if you have secured a loan elsewhere. Since we do everything in-house, we're able to wrap things up quickly and we don't share your information. You just have to deal with us instead of every lender under the sun. If you don't want your phone to ring off the hook after you apply for a loan, we're the smart choice.Speed
You'll also notice a big difference between 48 Factoring and government grants when it comes to speed. If you want your money quickly, this is an important point.
When you apply for a grant, your application will stay in the system for up to three years. That means you might not know if you'll receive the grant for a full three years after you apply.
Even if you know sooner, it will likely take months to get the money. There is a lot involved in the process, and you can't get your money until every detail is tended to and the money is released. It can be hard to plan for your future when your grant money is in limbo. You won't know if you can think about expanding your business or if you need to consider closing down. There won't be any answers until the government finally makes its decision, and when it does, it might be too late. You might have already closed your business down due to lack of funding. Then, you'll just have to return the grant money to the government and go on with your life.
On the other hand, when you apply for Factoring 2.0 with 48 Factoring, you'll find out if you're approved and receive the money within two days. That's a lot faster than three years.
Unless you have an endless amount of time to wait, it makes sense to choose our small business financing service over a small business grant. We will wire the money to you immediately so you can use it for your various business needs. This takes the guesswork out of the process and will alleviate your stress. You can start making plans as soon as you apply, and then you'll get the money you need to turn those plans into a reality.Too Much Paperwork
You won't just need time to wait for the money to come through if you go with a small business grant. These grants also require a lot of paperwork for the application. In fact, the paperwork is so extensive that many people hire someone to fill it out for them. It's so easy to make a mistake that they decide to hand it over to someone who is experienced in filling out grant paperwork. Of course, that costs money that most business owners don't have. After all, if they had a lot of money, they wouldn't be seeking funding from an outside source, would they? Because of that, it just doesn't make sense to pay someone lots of money to fill out the paperwork.
That doesn't mean that filling it out on your own is a good idea. If you go this route, there's a good chance your application package will be rejected and you'll have to start over again. That will put your application back on the bottom of the heap, where it'll be less likely to be accepted. You will have dedicated a lot of time to the process and have to start over from scratch.
This is a frustrating process, and one that causes some people to quit before they get an answer. They just don't have the time or patience to commit to the grant process, so they decide to give up and either close up shop or look elsewhere for funding.
When it comes to applying for Factoring 2.0 with 48 Factoring, the process is much easier. We only ask for a little bit of information, such as how long you have been in business and how much money your company has earned in the last 12 months. We put this small amount of information in our system and determine if you qualify for a loan. Because our application process is so simple, it's almost impossible to make a mistake. That means you can go full steam ahead with the process. Just fill out the short online form, submit the information, and wait for a reply. It doesn't get much easier than that.
We also make it easier by making our customer service representatives available to you after you fill out the application. In fact, you'll receive a call from a member of our team after applying. This will give us a better idea of your qualifications, which will help us approve you for our product.
You don't get that luxury when applying for a small business grant. You're on your own, unless you hire someone to help you out. You can't just expect to pick up the phone, call the government, and have someone on the other line who wants to help you get approved. You're just another citizen when you call the government. With 48 Factoring, you're a real person who we want to help so you can get the funding you need for your small business.Easy Repayments
While loans and other fundings is much easier to get, you probably see one major problem with it. You have to pay it back.
Even that isn't a problem with 48 Factoring. While a lot of loan companies make you pay a large lump sum at the beginning or end of each month, we set up small daily payments that come right out of your account. By breaking it up into daily payments, it's much easier to meet your payment obligations, even during slow months. In fact, many companies don't even miss the small amount of money that comes out each day.
We go over your repayment options with you and come up with an agreed-upon amount. That way, you don't have to pay more than you feel comfortable with paying. This makes it much easier to make your payments every day until the whole amount is paid back.Big and Small Loans
You also might be concerned about the amount that you can get from 48 Factoring. Small business grants are typically for large sums of money, and you want to know if you can also get a lot of money if you go with a loan. Some companies only loan a few thousand dollars, but that isn't the case with 48 Factoring. With us, you can apply for $10,000 all the way up to $150,000. This range is one of the reasons why we have so many repeat customers. We can help people with both small and big amounts, so they come back to us time and time again.We're by Your Side Every Step of the Way
Speaking of repeat customers, this is one of the best benefits of choosing Factoring 2.0 over a small business grant. If you get a grant, you get the money one time. Once it's gone, your relationship with the government is over. The same isn't true with 48 Factoring. We're here any time that you need us. If you need additional money, we can help. That gives you a peace of mind that you will never find with government grants.Get Started Today
If you're ready to dive in with Factoring 2.0 from 48 Factoring, apply online today. You simply need to meet two basic requirements, and you will be ready to submit an easy application.
If you have been in business for a least a year and brought in a minimum of $120,000 in revenue in the last 12 months, you're ready to get started. Fill out the easy online form and find out if you're approved. Then, we'll send the money to you and you can use it to grow your business or get your head above water.