People with a passion for starting businesses often experience numerous roadblocks when attempting to receive funding to get started. Even the most incredible ideas can’t develop into anything more than an innovative vision without the capital needed to support that vision and bring it to life. The problem with obtaining funding is that traditional banks often deny self-employed people due to a lack of steady employment history. These denials lead to frustration for entrepreneurs who want to use their creative side to do what they love for a living instead of working a traditional 9-5 position.
While traditional banks have made it difficult and, at times, nearly impossible to receive funding as an entrepreneur, many have started looking for other ways to get capital for their ventures, such as crowdfunding and alternative funding sources. For example, Freedom Capital, an alternative lending company that puts the needs of entrepreneurial clients first, strives to help entrepreneurs get ahead by accessing capital through established lenders without hidden fees or unwanted surprises throughout the process.
“While working as a loans officer at large conventional financial institutions, it became obvious to me that entrepreneurial borrowers were getting the short end of the stick, with a huge void in the market that needed to be met. Many of these entrepreneurs had already selected their niches and were already diving deep into developing a business, only to end up stalled because the bank wouldn’t approve them for a loan,” shared Pip Dhaliwal, the company’s founder. “As a solutions provider, we work with people from all walks of life looking to make a name for themselves while starting cutting-edge businesses. With traditional institutions, if you’re not employed or don’t have a net income, you’ll likely get denied funding for your venture, even if you’re worth millions. However, that isn’t the case with us.”
Freedom Capital sets itself apart from other financial institutions because its criteria are more lenient than traditional banks. In addition, the alternative lending institution doesn’t make clients wait long for their results. Rather than making applicants wait for extended periods, they can receive an approval within 48 hours. The speedy service is convenient for entrepreneurs who don’t want to wait months for the funding they need to get their startups going.
“We’re a solutions provider to the clientele and have continued expanding our reach over the past decade. We are increasing our market share and are growing, getting bigger and bigger, which provides us with access to more money to service our clientele even better,” said Dhaliwal. “Our service helps clients make money. It’s a win-win for everyone involved, including the lenders and the entrepreneurs seeking funds for their startups. When individuals need more money or continue getting denied by traditional banks, we’re here to help.”
With millions of people starting businesses across the country while going against the societal norm of working for someone else, entrepreneurs need to have a safe and effective way to receive funds to support their business ventures. Freedom Capital offers these individuals the opportunity to apply for and receive business loans in no time.
