Finding Money for a Small Business Loan The financial meltdown of 2008 continues to have a chilling effect on an already difficult market for ďorroǁers iŶ searĐh of fuŶdiŶg to ďuy or start sŵall ďusiŶesses. If you’re aŶ eŶtrepreŶeur seekiŶg start- up funding for a new venture, you need to consider alternatives to traditional lenders. Beyond Breakeven, Inc. can help. The sad faĐt is that eǀeŶ ďefore the fiŶaŶĐial Đrisis of 2008, ďaŶks didŶ’t do ŵuĐh sŵall ďusiŶess leŶdiŶg. It sounds odd, but in truth only about seven percent (7%) on average, of all business loans come from banks. During the depths of the great recession that portion grew smaller, shrinking to 1 percent (1%) in 2009 before later rebounding slightly. Banks are often unwilling to take a chance on small business entrepreneurs, and they also put high hurdles to lending, such as 20 to 30 percent (20% - 30%) down payments. When entrepreneurs are denied by one bank they frequently go to other banks, only to get shot down again and again. All banks will seek an SBA Loan guarantee in which the U.S. government stands surety for the loan. These loans can be attractive, but even if you can get them they have highly restrictive terms such as a 20 percent (20%) or more down payment and a 100 percent (100%) lien on your business and personal assets. These loans will also often require the current owner to finance 10 percent (10%) of the loan and be on standby for receipt of his first payment in two to five years. The participation of current business owners in obtaining a loan is often vital, but business owners frequently impair their chances of helping the buyer they want to sell their business to get a loan, by making their business look less profitable than it really is on their tax returns. Big write-offs depress the ďusiŶess’ perĐeiǀed Đash floǁ. If a bank thinks a business has insufficient cash flow to repay an acquisition loan, it will not make the loan. With bank loans more or less inaccessible to small business borrowers, entrepreneurs must consider other sources of business financing. They could go after grants – they’re ǁidely aǀailaďle aŶd ofteŶ untapped – but they rarely provide all the funding the entrepreneur needs, and also may come with strings attached. Private investors can help, but they often make terms for their support that most business owners would find chafing. Money brokers can scout loans for small businesses, but their assistance often comes at a high premium. Perhaps the best strategy for finding financing for starting or buying a small business involves finding funding from several non-bank lenders. Non-bank lenders specialize in making loans and often work with entrepreneurs to provide the capital they need to launch a new venture. Unlike banks, small business loans are frequently the bread and butter of non-bank lenders. They are looking for reasons to give entrepreneurs loans -- not looking for excuses to shut them down. By piecing together equipment leases, equipment sale-lease back deals, supplier credit and loans, tenant deposits, merchant advances, accounts receivable financing, and other business financing from non- bank lenders, you can find the money you need to buy, expand or start up a business. Finding an advisor, such as Beyond Breakeven, Inc. to help you navigate the non-bank lender market to find the best deals, can help you receive the best terms and sufficient financing for your venture. Bio: Beyond Breakeven, Inc. provides entrepreneurs with advice and sources of funding to acquire, start- Beyond Breakeven, Inc.

up or expand a business. Company founder, Ed Keels and his staff are the leading experts in helping to structure deals that provide small business owners and wannabe business owners with 100% of the capital they need and do so without the requirements of down payments, collateral, income documentation or applicant business experience.