Raising Business Capital is a Time consuming project and full of sharks !
In an article in Forbes the potential challenges of a business going about raising business funding is well documented. The article talks about the distraction created and the workload that is placed upon the business. It continues to explain the unscrupulous tactics of some brokers which we are already familiar with and how in some cases extortionate fees are charged with out the client knowing beforehand the costs.
This practice and these business burdens is exactly why we developed Northwest Business Funding, we seen this happening as the funding market grows you can read the complete article at this link
The process of understanding why you need the funding is time consuming, then you need to decide the best type of funding and then who can provide this funding and are they right for you to work with. The loan conditions and criteria needs addressed, contracts need reviewed and forecasts and financial information needs prepared. This time on top of running your business.
What sharks !
Not all brokers are sharks NWBF works with a lot of good brokers, the greatest risk lies with on line quick wins are the websites who pedal your information to an open market. It is never a good thing to provide detailed business information to anyone you do not know or have met and never pay upfront fees to anyone until you have met them and understood what you are getting for you payment. Northwest Business Funding will not charge any fees up front. We are only paid if we succeed in providing you with an offer that matches your criteria.
Will working with you make it easier ?
We believe your business needs you and the resources you employ utilised in running it. If you have the time and expertise, as we have said before then yes you can find funding yourself. We understand the processes , the funders and the brokers and we know who to talk to and when. We do charge for our services and the value we add is our experience and allowing you to focus on your business, while we look after the process of raising business finance.
Here are some interesting links for you! Enjoy your stay :)