06 03 2014

06 03 2014

3 Tips For Growing Your Small Business

After those first few scary years as an entrepreneur have passed and you’ve gotten used to the daily challenges of running a business, it’s time to start thinking about more than just survival. As a small business owner, you’ve always got to stay one step ahead of the crowd, working to steer your organization in new and exciting directions. Here are three tips to get you on your way toward growing your business:

1. Stay focused on growth

It’s easy to become discouraged as a business owner – in a tough economy filled to the brim with competitors, it’s natural that many small business owners play it safe and concentrate on surviving from year to year. That’s perfectly understandable, but remember that getting into business was certainly intimidating at first, and as a successful entrepreneur, you’ve already taken plenty of risks. Harken back to the drive that pushed you to strike out on your own and focus on staying innovative. Keep up with the latest in business trends, consumer reports and what the competition is up to.

2. Embrace change

The business world is always changing, and so are consumers. What worked 10 years ago – or even 10 months ago, for that matter – may not be as effective anymore, and it’s a mistake to ignore the many changes that occur every day.

Take technology, for instance. Apple’s iPad was only released in 2010, but today consumers use tablets for everything from email to live streaming and online shopping. Resisting change is against any company’s best interests, so dig in to the latest in technology and use it to your advantage. This may be easier said than done, however, as technology is expensive and evolves at a rapid pace. If you’re worried about spending large sums of money upfront for the latest technology trends, consider equipment leases for your small business. With equipment leasing and financing from lenders like National Funding, you can test out new and used equipment, take a few months to get to know the technology and then decide if it’s right for your business. If you find it’s helpful, you can extend the terms of the lease or make the purchase outright.

3. Be resourceful

As a business owner, you’re no doubt pressed for both time and money. In order to expand your business and find success, it’s important to be resourceful in every sense of the word. Streamline operations by delegating tasks to trustworthy staff members, save on overhead costs by upgrading outdated business equipment and explore your financial options.

This last point is particularly important since, as the saying goes, it takes money to make money. Nearly every business owner needs to gain access to small business working capital to expand operations at some point – instead of approaching big banks for loans, try an alternative lender like National Funding, which offers ease of access and more flexible terms.


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General Acceptance

Any applications submitted electronically shall have the same force and effect as if the application bore an inked original signature(s). The above information, together with any accompanying financial statements, schedules, or other materials, is submitted for the purpose of obtaining credit and is warranted to be true, correct, and complete.


US Patriot Act:

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan. What this means for you: When you apply for a loan, we will ask for your business name, address, and Tax Identification Number. We will also ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.


For Loan/Merchant Services:

The Merchant and Owner(s)/Officer(s) identified in the application (individually, an “Applicant”) each represents, acknowledges and agrees that (1) all information and documents provided to National Funding, Inc. (“NF”) including credit card processor statements are true, accurate and complete, (2) Applicant will immediately notify NF of any change in such information or financial condition, (3) Applicant authorizes NF to disclose all information and documents that NF may obtain including credit reports to other persons or entities (collectively, “Assignees”) that may be involved with or acquire commercial loans having daily repayment features and/or Merchant Cash Advance transactions, including without limitation the application therefor (collectively, “Transactions”) and each Assignee is authorized to use such information and documents, and share such information and documents with other Assignees, in connection with potential Transactions, (4) each Assignee will rely upon the accuracy and completeness of such information and documents, (5) NF, Assignees, and each of their representatives, successors, assigns and designees (collectively, “Recipients”) are authorized to request and receive any investigative reports, credit reports, statements from creditors or financial institutions, verification of information, or any other information that a Recipient deems necessary, (6) Applicant waives and releases any claims against Recipients and any information-providers arising from any act or omission relating to the requesting, receiving or release of information, and (7) each Owner/Officer represents that he or she is authorized to sign this form on behalf of Merchant.(8) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (9) this request is for business and not for consumer purposes.


For Equipment Services:

I hereby certify: (1) the information provided is true and correct, (2) you are hereby authorized to investigate all bank, credit, and trade references, and said references are hereby authorized to release any requested information to you or your nominee, (3) such authorization shall extend to obtaining personal credit profile in considering this application and subsequently for the purposes of update, renewal or extension of such credit or additional credit and for reviewing or collecting the resulting account, (4) this information may be transmitted by us to you and by you to underwriter(s) for the purpose of granting me credit, either electronically or manually, and that by submitting this application, I take full responsibility for transmission thereof, (5) I am over 18 years of age, (6) I acknowledge my rights under the Fair Credit Reporting Act, (7) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (8) this request is for business and not for consumer purposes.


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By providing my wireless phone number to National Funding, Inc., I agree and acknowledge that National Funding, Inc. may send text and multimedia messages to my wireless phone number for any purpose. I agree that these text or multimedia messages may be regarding the products and/or services that I have previously purchased and products and/or services that National Funding, Inc. may market to me. I acknowledge that this consent may be removed at my request but that until such consent is revoked, I may receive text or multimedia messages from National Funding, Inc to my wireless phone number.

The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status or age (provided the applicant has the capacity to enter into the binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. If for any reason your application for business credit is denied, you have the right to a written statement of the specific reasons for the denial. To obtain the statement, please write to National Funding Inc., 9820 Towne Centre Drive, San Diego, California 92121. Funding amount and credit approval is subject to a full credit profile review.