What Would You Do with $50,000 in Business Funding?

Starting a business is no easy feat. But growing your company can be even more challenging. At some point in your entrepreneurial journey, you’ll likely reach a point where you need to secure funding in order to accelerate your business’s growth.

In order to flourish, a business needs enough capital to prevent:

❌ Plateauing

❌ Missing out on lucrative opportunities

❌ Never reaching its full potential

The famous saying, “All you need is a dollar and a dream,” has been used for everything from the NY State Lottery slogan to book and song titles. And it applies to entrepreneurs too. If you’re going to make your business dreams a reality, you need to jump in with both feet, make a growth plan, and secure funding.

There are so many ways extra capital can help you grow your business. Here’s how some of our clients used $50,000 in funding:

IT Consulting Company in California

When a successful IT consulting business in Northern California won a bid on a new implementation contract, they knew it was crunch time. The company needed growth funding quickly in order to be able to purchase key equipment to get the project rolling. SBG Funding designed a custom financial solution that included easy-to-manage weekly payments that allowed the business to secure the equipment they needed without putting a strain on their budget.

Results:

Purchased much-needed equipment to increase efficiency
Gained ability to take on larger projects
Stabilized cash flow

Home Health Agency in Texas Uses SBG to Help Finance New Hires

A Houston-based home health agency specializing in occupational, speech, and physical therapy, had only been in business a short while when they realized they were significantly understaffed. In order to continue to be able to deliver top notch care to their patients, they needed to hire several new home health aides. Because the agency lacked an established business credit history and had only been in business a brief time, they realized that a traditional bank loan wasn’t the way to go. Instead, they reached out to SBG Funding, and our team helped the agency secure a business line of credit for $50,000. With a line of credit, the home health agency now has funding on call whenever they need it.

Results:

Hired and trained 4 new employees
Avoided payroll delays
Increased capacity to take on more clients
Utilized funds for employee travel reimbursement
Stabilized cash flow

Ultrasound Center in South Carolina Experiences Ultra Business Growth

An ultrasound facility outside of Charleston recently began to experience a tremendous growth spurt. In order to be able to better accommodate their growing client base, they needed to expand to a new location. The owner of the company discovered SBG from an online search and read how our small business term loans boast an 85% approval rate. They submitted an application and were approved the following day.

Results:

Expanded business with growth capital
Was able to take on 35% more clients
Purchased office equipment for the expansion
Established business credit

Growth Funding from SBG Can Prevent Your Business from Becoming Stagnant

If your business is stuck breaking even or you’ve noticed that profits and revenue have stalled, securing growth funding may be the answer to avoiding business stagnation. Remember that growing a business is an ongoing process that looks differently for everyone. It could mean:

Investing in marketing to help you generate more leads and more sales.
Working on product development to create a new line of products to sell.
Upgrading software to streamline and automate processes.
Purchasing newer, more efficient equipment to better serve your customers.