The Probably Process For Your Small Business Loan

Probably’s small business loans were born online, which means we understand the number of claims out there on the internet. Every website and alternative lender is saying they are the best, with the best rates, terms, and the simplest process – but then how can you know who to trust? They cannot all be the best choice for you and your small business loan needs.

But just because we began online, doesn’t mean we aren’t willing to show true, concrete proof of our superiority over other online business lenders out there. In fact, we’ll show you how simple our process is step-by-step.

Because plenty of companies say they are the best, but we want to prove it!

The Probably Process Couldn’t Be Easier!

We’re sure you’ve heard it all before ‘5-minute application’, ‘easy online application’, ‘simple process’, but our small business loan process is just three steps!

1. Click

Fill out our online application with just a few clicks

2. Call

Talk to us about your business and needs

3. Capital

Get you small business loan fast – in as little as one business day

Probably wants to make loans for small businesses simple, easy, and successful. We believe in clear, transparent small business loans for all. Which is why we keep our process transparent, our terms, repayment, even early repayment simple and transparent.

We know you have a business to run, so our application process was made to be fast and hassle-free, and credit decisions are rendered quickly – so you aren’t waiting for weeks just to be denied.

How Easy Is The Probably Application? See For Yourself!

Just Three Steps:

The Amount Required

A Little About You

A Little About Your Business

And You’re Well On Your Way to Your Small Business Loan!

We Want to Be a Better Type of Lender & an Asset to Your Business

Simply apply online (or contact us by phone) to start the conversation and begin the discussion about your working capital or small business loan needs. We will review the overall health of your business with you and talk through your needs, timeline, amount, and more.

Once we have all of this information, we can identify the best solution or service, along with the best terms for your specific business needs. We make sure that even with our personalized process, we still render quick decisions to ensure our clients are never waiting on us!

After your application is submitted along with 3-month bank statements (not 6+ like big banks require), then your application is approved, you accept the agreed upon terms, and your funds are delivered!

It truly is just click, call, capital!

Contact Probably for Your Small Business Loan Today!

If you need working capital or a small business loan fast, and you don’t want to wade through piles of paperwork just to get denied by the big banks, then contact Probably for your loan today!

We look forward to working with you and helping your business grow!


Cash Flow 101 – How to Understand Cash Flow Statements

Cash flow statements are financial statements that show the cash in and cash out for a given company. And though this may sound quite simple, there are many confusing parts in this common business paperwork.

Cash flow statements, or CFS, measure how well a business is able to generate cash, as well as how much more they are making (cash in) than they are using (cash out). Cash flow statements are meant to show how a business is able to pay its debts and fund its operating costs and is an important supplementary document to a balance sheet and income statement. In addition, a business’ cash flow statement is a mandatory part of a business’s financial report.

Let’s go over cash flow 101 and exactly how to interpret cash flow statements!

Cash Flow Statement 101

One use of your cash flow statement is to give investors a simple way to understand how your business is running, where your money is coming from, and where your money is going.

The second use of your cash flow statement is for creditors, who use your CFS to determine how much cash your company has to fund its needs and pay its debts.

This means your cash flow statement is used by both investors and creditors to judge the financial footing and viability of your business.

Cash Flow Statements Show:

  • How a business manages its cash or cash equivalents
  • How a business generates its cash or cash equivalents
  • How a business spends its cash or cash equivalents

Components of Cash Flow Statements:

Cash from Operating Activities

The operating activities on your cash flow statement reflect how much cash is directly generated from your products or services. This means accounts receivable, depreciation, inventory, and accounts payable are reflected in your operating activities section as well.

Cash from Investing Activities

Investing activities include all sources and uses of cash from your business’s investments, such as the purchase or sale of an asset, loans made to vendors, received from customers or payments related to a merger or acquisition.

Cash from Financing Activities

Cash from financing activities may include sources of cash from investors, loan companies, or banks. Dividend payments, stock repurchases, and the repayment of loans are all included in this category. These changes can be cash in when you receive financing, and cash out when you make loan payments.

Cash Flow Statements VS Balance Sheets

Your cash flow statement is distinct from your income statement or balance sheet because it never includes your future incoming or outgoing cash on credit. It is important to remember that cash is not the same as your business’s net income, which includes cash sales and sales made on credit. This of your cash flow statement as just that – only showing cold, hard cash.

Cash Flow Statement Summary

A cash flow statement measures your business’s strength, profitability, and the potential long-term future for your company – so it is not just important, but vital to understand!

Your CFS can help determine whether your company has enough cash to pay its expenses and ultimately, stay in business. In addition, your company can use your cash flow statement to predict future cash flow and create an accurate and viable budget.

By studying and understanding your own cash flow statement, you (or a creditor or investor) can get a clear picture of how much cash your business generates and get a better understanding of your financial strength for the future.

Contact Probably for Small Business Working Capital Loans & More Financial Services & Information


Benefits of Non-Traditional Business Financing Options

When banks let you down, Probably is here for you with our non-traditional business financing options. With a non-traditional business financing option, like a working capital loan, you spend less time wading through red tape and big-bank paperwork to get the capital you need faster! This is especially helpful if you are using your business financing to help bridge a capital gap in your day-to-day or weekly operational needs.

Waiting weeks for approval or spending hours filling out paperwork just to get denied the capital your business needs is hardly helpful. And that’s why Probably decided to be different – the better alternative to traditional business funding.

Benefits of Non-Traditional Business Financing & Working Capital Loans

Probably knows that a working capital loan is a great choice for bridging any gaps in operational day-to-day needs, but only if it is through a great lender. Unfortunately, big banks usually aren’t the ‘great lender’ you are looking for. In fact, most big bank applications are long, confusing, time-consuming, and will still deny you even after the hard work of filling it all out.

Working capital loans through Probably are based on your current business performance, not a requirement of years of credit history. Plus, your on-time payments help build your business credit! Here are more benefits of non-traditional business financing through Probably:

  • Approval in as Little as One Day
    • At Probably, you could receive your business funds as quickly as one business day, up to $500,000! Because we know that unexpected expenses or business opportunities don’t wait around for paperwork to slowly go through, they often require a quick business loan! We move fast to provide you access to the working capital you need, when you actually need it!
  • Our Simple Application = Your Simple Solution
    • One of the reasons we can have such fast approval is because we have streamlined our application process. This makes it easier for you to fill out, and easier for us to go over. You have a business to run, so we didn’t want to make an application that felt like a second (or third) job! We know you are busy, and that’s why our application process is fast, hassle-free, and credit decisions are rendered quickly. In fact, most of our clients complete their online application in just minutes!
  • Flexibility in Your Business Financing Uses
    • Unlike the big banks, we let you use your non-traditional business financing or working capital loan as you see fit. Buy inventory for a big order, bridge payroll gaps, pay taxes, or pull the trigger on exciting opportunities in expansion and growth. Our working capital small business loans meet you and your business right where you’re at – whatever that may be.
  • Build Your Credit, Don’t Hurt It
    • Building your credit profile for your business is important, which is why we give businesses the opportunity to improve their credit profile with each and every on-time payment we receive. Our small business loans are based on your current business performance and help build your business credit for future needs.
  • Small Business? New Business? That’s OK!
    • Probably even has non-traditional business financing options for new businesses and startups. Most lenders refuse to help new businesses, but we provide alternative business funding and financing options for startups to help you grow. Every business was ‘new’ at one point, and we want to help each one reach their full potential!
  • Repay Up to 18 Months + No Prepayment Penalties
    • We think that prepayment penalties aren’t fair. Not only will we never charge you a ‘prepayment fee’ or a fee for paying off your loan ‘too quickly’, we actually offer prepayment (or early payment) discounts on our loans and non-traditional business financing options.
  • Business Loans from $5,000 – $2,000,000
    • Whether you need a little or a lot, Probably can probably say ‘yes’! And with over 40% of small business loan applications being rejected by the big banks, non-traditional business financing options are becoming more and more popular! Don’t get stuck with your second or third choice when the big banks deny your business loan application, choose a lender who will truly partner with you.

Working Capital Loans from Probably

A survey from Richmond’s Federal Reserve Bank found that banks have an approval rate of only about 58% for small business loan applications. However, alternative lenders have a 71% approval rate for small business loans – and Probably works to get that number as close to 100% as possible!

Our working capital loans can help you finance your everyday operational needs. From purchasing additional inventory to helping with payroll, investing in new equipment, paying taxes, or other fees like rent, marketing efforts, or even general cash flow needs, our working capital loans are meant to bridge the gap between what your business needs right now and what it currently has.

Working capital loans are usually short term (not multi-year loans) however, that doesn’t mean you won’t get a great rate that works with your budget. We offer repayment terms of up to 18 months for our working capital loans, instead of the industry standard of 12 months or less. Plus, we have no prepayment fees – so you can pay it off as fast as you like!

Our working capital loans don’t require equity transactions, which means you still have complete control of your business. Plus, our working capital loans are ‘unsecured’, so they don’t require any collateral.

Contact Probably for Your Non-Traditional Business Financing Option Today


5 Habits of Highly Effective Business Leaders

Probably wants to help our clients be effective and successful in their business funding and financing. However, we also want to help our clients grow in their own ability to lead and manage their small businesses.

We have been working in the business loan, working capital, and equipment financing industries for years, and we have seen what it takes to make a business boom! Let’s take a look at a few of the best habits that effective and successful business leaders utilize.

Be Wise With Your Wealth

First and foremost – you need to be smart with your money. Whether that means keeping your startup costs low, finding the best small business funding solutions, or simply creating and following a complete and detailed business budget, you need to be wise with your wealth.

Business owners often face hard choices about what to do with their resources and where to put them in order to get the best return on their investment. And that is why paying close attention to your monthly expenses and bills is paramount. Always think of the return on your investment when deciding the best way to spend your business funds.

Read, Learn, & Invest in Yourself

Reading = learning = leading.

Be a lifetime learner and work at bettering yourself in all areas of business and industry knowledge. From how to work with others to how to manage multiple spinning plates to how to perfect your own self-care, learning should be a constant goal.

Be open to new information, new insights, and new ideas, because there are always better ways to do things and more efficiencies to perfect! Invest in your own personal growth on a daily basis by carving out time specifically for learning, reading, webinars, audiobooks – however it is that you best absorb new information.

Make Connections With Others + Invest in Them

Business connections can help you through mentorships, business opportunities, partnerships, as well as helping you find the team and skills that your business most needs. Whether you think of these connections as networking, community, or awareness, they are imperative for your business’s success.

Make it a priority to grow your network and build long-lasting professional relationships. Join business associations or boards of local groups to make a wider variety of connections.

In addition to networking, making connections can also help you find the best individuals to work within your business and on your team. Remember that the greatest asset of any business is the people. So, hire the best people to work with you and reward them fairly, ensuring they are happy and will want to stay. Because, regardless of how good your idea is, or how organized you are as the business owner – you’ll need help.

ABP – Always Be Planning

Of course, planning is a large part of any business, but the mistake many make is only focusing on part of the picture. Both long-term and short-term goals are necessary in order to be an effective business leader and bring your business to a higher level of success.

If you only focus on the day-to-day, you are likely to become stagnant. If you only focus on the big picture, you are likely to miss details, trends, and data from the here and now.

Probably has seen the best success when our clients have two to four meetings per year to plan specifically for the future, and then track their progress using SMART goals.

SMART goals graphic

And the rest of the year – focus on meeting your client’s immediate needs and your short-term goals.

Communication is Key

If you put together a great team and create great SMART goals but do not communicate your needs and game plan with others, then you are doing too much of the work yourself and you are bound to fail. Communicate with those who you’ve brought into the business, respond to calls and emails, have regular meetings, and touching-base conversations. This will ultimately save you time and work in the long run, so begin communicating effectively right from the start of your business.

And this quick and effective communication goes beyond your business team. It should also include your clients, customers, vendors – anyone who touches the business because better communication leads to better outcomes.

Contact Probably to Fund Your Small Business or Startup Today!


The Probably Yes Guarantee [Transparency, Speed, Ease, & Approval]

Probably Believes That All Businesses Deserve Convenient & Quick Access to the Working Capital They Need to Grow – & That’s Just What Our Business Funding Options Do!

We provide fast small business loans to help your business meet its goals! We make our business loans fast, easy, and simple with our clear application process, flexible options, and quick access to funds. And we do it all by being clear, communicative, and transparent throughout the process – that’s the Probably Guarantee!

The Probably Guarantee

Transparency Leads to Trust

We created every step of our process, from initial contact all the way to your last payment, in order to be in line with our open, honest, and transparent business values. And in the loan and financing business, that transparency sets us apart – far apart.

We never over-promise just to under-deliver on your expectations.

Probably wants to build long-lasting relationships with our clients and be there for the long run to grow beside you – and that means being honest, communicating, and keeping everyone on the same page throughout your entire application, approval, and repayment processes.

We promise to work closely with you to select the program or service that best fits your needs. This includes reviewing your budget and projections in an open way because ultimately, we succeed when you do – so let’s get there together!

Fast Funds for Your Business Needs

Probably has always worked hard to be a quick, quality option for business funding – without cutting corners. We don’t see the point in having to wait weeks or even months for the working capital you need now. And that’s why we try to get you your funds in as little as one business day!

Probably can get you the capital your small business needs in as little as 24 hours – that’s fast by any standard.

A Simple Process for an Easier Experience

We don’t want to win business by tricking or confusing our clients with lengthy processes and mountains of paperwork – instead, we want to make the process simple, the application intuitive, and the entire experience easier! We believe that simplicity and clarity are the best practices in any industry, but especially in the financial sector.

Getting business funding shouldn’t feel like rocket science. That’s why we keep our loan applications simple, clear, and easy.

Simply fill out our online 1-page application and provide three months of your business’s bank statements. Then, talk with us so we can get to know you and your business better. It really is as easy as that!

Flexible Options for Better Approval Rates

We truly partner with you to find the perfect loan or financing service for your small business. Whether you need a little or a lot, our business loans deliver the working capital you need with flexible options and much higher approval rates than the ‘big banks.’

We saw a problem with small business funding and we fixed it.

Banks either refuse to help or have such long and complex processes that they still really aren’t helping your business get the working capital it needs when it needs it. So we decided to offer small business financing options that actually work for small businesses.

We want to propel small business growth through our working capital loans and flexible financial solutions. Unlike banks who refuse most applications, we pride ourselves on working with each and every one of our clients on an individual level and finding an option that works for them.

Contact Probably Today!


What Are Bridge Loans?

A bridge loan is defined as a short-term loan used by a business for financing immediate obligations or needs. These loans allow the borrower to meet their current financial obligations by getting capital quickly for payroll, taxes, rent, even additional inventory.

Bridge loans are called ‘short-term’ because they are usually only up to a year. These types of loans can sometimes be called working capital loans or bridge financing. But whatever you call them – they are one of Probably’s specialties!

How Do Bridge Loans Work?

Bridge loans bridge a financial gap when financing or working capital is needed for your business but not yet available. Both large corporations and small businesses can use bridge loans, which means that your particular loan should be customized for your needs, amount, and situation.

Bridge loans are fast options and can provide immediate working capital, but this can come with higher interest sometimes and may require collateral. This is why it is important to get terms that benefit you, work with a transparent lender, and make sure you understand the process and repayment details.

Luckily, that’s what Probably is known for – transparency, clarity, and communication!

Differences Between Bridge Loans & Traditional Loans

Bridge LoansTraditional Loans
Shorter applicationLonger application
Faster approvalSlower approval
Short-term fundingLonger-term funding
Sometimes higher interest ratesSometimes lower interest rates
No repayment penaltiesMay have repayment penalties

Bridge Loans for Your Small Business

Bridge loans are not like payday loans or other ‘get funding fast’ options for individuals, instead, they help a business make more money, grow, or become more successful.

For example, if a small business gets a large order, then they will need to buy extra inventory, products, or parts to fill that order. And though they have not been paid for the order they are about to make, they still need the working capital to buy the items to fill the order. That kind of circular funding problem happens quite often for small businesses, and a bridge loan is the perfect, short-term solution!

Bridge loans can also be used for short-term payroll, rent, utilities, and other expenses that will help your business in the long run, or ‘hold you over’ until you can secure longer-term financing.

Our Bridge Loan Uses:

Help with Payroll

When you need working capital for payroll, speed, and ease matter. Your employees depend on you and your payroll, and you can depend on Probably to get you the working capital you need quickly with our bridge loans.

Invest in New or Supplementary Equipment

Buying new equipment (or more equipment for added demand) can be a big investment, but sometimes you need to spend money to make money. If you need a bridge loan to invest in equipment that will help your business thrive, we’ve got you covered – fast.

Pay Taxes or Infrequent Financial Obligations

Sometimes financial obligations and fees pop up when you least expect them, and sometimes taxes or quarterlies add up faster than you planned on. Use our small business bridge loans to pay for the surprises on your road to success.

Purchase Additional Inventory for Spikes or Large Orders

Additional inventory might be needed when you don’t quite have the capital on-hand for a big order or a heightened demand. Use a working capital or bridge loan to bridge the gap and get your inventory so you can keep your business moving forward!

Invest in Your Marketing Services

Marketing, whether in print, online, radio, or on TV, can be expensive. If your marketing efforts need to be bumped up during certain times of the year, then you’ll need a short time influx of working capital to set you up for great ROI. Have the capital you need for a killer campaign with our bridge loans!

General Help with Cash Flow

If this year has shown us anything, it’s that small businesses have slow and busy periods that they may have no control over, but that doesn’t mean your bills have slow and busy periods – they steadily keep coming! Use our bridge loan to help with your cash flow at any time of the year, until you can bounce back or secure longer-term financing.

Contact Probably Yes to Learn More About Your Bridge Loan Solution!

Learn more about us, how we work, or peruse our blog page for more information about working capital and bridge loans, business funding for startups, and more!


Small Businesses That Are Booming! Industries to Watch

Some industries are still booming, despite COVID-19 and economic uncertainty in the US. Whether they are expanding locations, services, or simply growing within their own sector, here are some of the top small business industries to watch for the rest of the year.

1. Digital Services

Digital services have seen a steady increase throughout 2020 due to culture, ease, and, of course, many industries having to work from home for multiple months. The overarching industry of ‘digital services’ can include telehealth, digital marketing, web design and development, online ads, and other industries investing more into their digital services or shifting to a digital service platform for the future.

Telehealth industries include treatment, diagnosis, assessment, monitoring, communication, and health education and grew by over 35% in 2020’s first quarter. Now that this growth has begun and many see the merit in distance healthcare services, all signs point to those growth numbers continuing to climb in 2020’s second quarter. This means that digital services and healthcare are coming together as two strong industries to watch. Other hybrid industries and services like 3D printing have seen steady growth as well.

Possibly the most notable success in the digital services realm is the year-after-year growth of digital marketing, web development, and design. Some job titles that hardly seemed real just a few short years ago like ‘Social Media Marketing Manager’ are now common in many industries and companies.

But as with all workforce shifts, this can cause turbulence as companies and industries try to keep up on their equipment purchases, upgrades, training, and new software. If your business has been making the shift toward digital services or products, learn more about Probably’s small business loans and business funding options to help you get the digital hardware and software you need to keep up with this growing trend.

2. Home Health Care

This is easily connected to telehealth, but home health care goes a step further, bringing the healthcare worker directly to your location. And as our population ages, the demand for accessible healthcare is increasing. Home health care services before COVID-19 were growing, and now that many states and cities have lifted the strictest of their social distancing orders, home health care services are expected to rise quickly again.

Health care aides, nurse practitioners, and registered nurses are in high demand, with 760,400 new jobs expected to open in the industry by 2024. This means that not only are these industries growing, but they will be able to bounce back after COVID quickly, despite healthcare layoffs in the immediate wake of the virus.

Of course, once again, switching from patients coming to healthcare professionals to healthcare professionals coming to patients poses some hurdles when it comes to industry specific needs and new business funding. Learn more about Probably’s business funding options for startups, small businesses, or home health care companies.

3. Construction

The construction industry, whether it be commercial or residential, is one of the fastest growing industries in the US, offering a huge range of small business opportunities. From renovations, cleanup, everyday jobs such as painting or outdoor construction, to larger jobs – construction has steadily continued to grow through many avenues. And, as we all learned from essential work mandates, construction like roadwork will almost always be allowed to continue.

Many construction service companies have grown significantly in recent years, but even sub-sectors are growing, some at rates in the double digits! But with these quick booming growth spurts come growing pains and the need for more workers, more equipment, and often a small business loan. Luckily, Probably offers quick, simple, and affordable business funding solutions to old and new construction businesses alike.

Infrastructure, expansions, renovations, and new builds may be growing at differing rates, but many reports predict that increased federal and state funding will help construction stay a strong industry overall for the remainder of 2020 and beyond.

Get a Small Business Loan for Booming Industries Through Probably Yes!

Probably loves saying yes, even when the big banks won’t.

Contact Probably to get started on your small business loan or startup loan today. You can have the working capital you need in under a business day, with low rates and great terms.


How to Create the Perfect Business Plan for Your Startup

Starting your own business has many steps, such as figuring out your startup costs, choosing a location, finding business funding, and creating a business plan.

And though Probably can’t help you find the perfect location for your brick and mortar location, we can help you understand business funding options, and even guide you as you create your business plan.

See the steps below that you should follow in order to create a business plan that will help keep you on track, and help show those you partner with that you have thought your business through, and understand what it takes to make your startup a success!

Choose Your Business Plan Style

You can utilize a traditional business plan or a ‘startup plan’ which is often a little leaner on costs, as startups often have less funding. Of course, if you plan on utilizing alternative business funding then you may not need to cut startup costs, as there are many options for how to fund your business’ start or expansion.

  • Traditional business plans are very detailed, take more time to write, and are very comprehensive. Lenders and investors commonly request this plan, so it is a good idea to work towards this type of plan
  • Startup plans are high-level focused, fast to write, and contain only key elements of your business plan. Most lenders and investors may ask for more information, but this is a good starting point for many startup business owners.

Sections of a Traditional Business Plan

  • Executive summary
    • Much like it sounds, this is the opening section of your business plan that explains what is to come, what your business will do, and how it will be successful.
  • Company description
    • Go more in-depth into your business idea and your company’s services or products in this section.
  • Market analysis
    • Show your knowledge of the industry and market by researching and explaining why this is a good time for your particular business to start.
  • Organization and management
    • This is where you will describe the structure of your business and who will be in charge of daily operations and higher.
  • Service or product line
    • Tell in more detail what your business will provide, along with the benefits of your services or products versus what is already on the market.
  • Marketing and sales
    • Explain your marketing strategy and how your business will get in front of its audience. Explain both how you will attract and retain customers, and how your will sales process look.
  • Funding request
    • This is one of the most important parts of your business plan – what is the funding your business will require in order to get off the ground? Are you asking for $10,000 or $100,000? But remember, this funding request is usually for 5 years, not just the next 12 calendar months.
    • This is the outline for what your funding requirements will be, so explain this section clearly, not only in numbers, but where that business funding will be going as well. Specify whether you want debt or equity, the terms you’d like applied, and the length of time this funding request will cover.
    • Be detailed in your explanation of how you will use your funds, specify if the funds will be for equipment costs, salaries, bills, etc. And always include details of future financial plans.
  • Financial projections
    • The goal of this section is to show your investors or financial backing that you are set up for financial success.
  • Appendix
    • Graphs, charts, or supplemental information can go in this section.

Contact Probably for Business Funding for Your Startup or Small Business

If you would like to see examples of business plans in your industry, check out Bplans and search for the most relevant companies. But remember, the most important part of any business plan and your business’ success – is business funding.

Contact Probably to learn more about our startup and small business loans and alternative business funding.


7 Ways to Get Funding for a Small Business Startup

Business funding can come from a variety of sources, not just traditional banks. In fact, we have gathered six alternative business funding sources below.

See which small or startup business funding is the best option for you, your business needs, and your goals. And if you end up choosing alternative business funding through Probably – learn more about how we work, our fast and simple process, and why we can say ‘Probably, Yes’ to your business funding needs!

1. Dip Into Personal Savings

Though this is not an option for everyone, many startups or small business owners can fund their company on their own. In fact, this is the top funding source for small business startups. If you have money saved up, you could use it to start your small business.

This option is risky as you could lose your investment if your business is not successful, and have no savings to depend on. However, you will not have to pay any interest or fees, which is appealing to many startups who are trying to keep overhead low.

2. Borrowing from Friends & Family

Friends and family are the second most popular startup funding source – and this makes sense as you can get gifts, funds, and loans from multiple people, making the burden less on each.

However, though the business funding source is coming from multiple people instead of just one account, there are similar benefits and risks. Most likely, you will owe less in interest (if you end up owing any interest at all) but you may also lose money that isn’t yours and leave those close to you without a safety net in their savings account.

3. Find a Venture Capitalist

Venture capitalists are firms that are actively looking to invest in small businesses and startups. This means they are potential investors for you and could be a great source for business funding.

Venture capitalists invest in the early stages of a company in exchange for an equity share. So if you do not want to give away a portion of your business in exchange for startup costs, then this might not be the right option.

However, if you are willing to share a portion, then your VC may also be able to help with other resources or connections, as they want you to be successful so they get a good return on their investment.

Additionally, since venture capitalists are looking to get a fast and high return on their investment, it is unlikely you will get chosen if you are not in an industry with rapid growth. Industries like biotech, software, medical equipment, information technology services, and media are growing quickly and therefore more likely to get picked up by a venture capitalist.

4. Try Traditional Investors

An investor is different from venture capitalists, though ultimately they are both outside sources of business funding who exchange investments for stakes in your business. Sometimes called ‘angel investors’, these individuals usually take an equity share of your startup in exchange for their business funding.

Instead of a firm, usually investors are individuals and entrepreneurs or former entrepreneurs themselves. Another difference from venture capitalists is that many ‘angel investors’ may be genuinely interested in your industry or business, instead of only looking to industries that are currently booming.

5. Try for Business Funding from the Big Banks

Though this is what many immediately think of when looking for business funding, big banks are notorious for not funding small businesses or startups as they don’t have enough data to back up their risk.

If a big bank denies your small business loan application or startup funding request, you could try other banks and financial institutions, or you could look into lenders who are specific for your needs – like Probably.

We aren’t a big bank, and we won’t deny you just because you don’t have years of financials to show us. And because we believe in the power of small business in America, we believe in helping small businesses grow and helping startups launch!

6. Fund from Many with Crowdfunding

There are many crowdfunding websites now, from Kickstarter to AngelList, CrowdFunder to Fundable, crowdfunding is becoming a popular way to expand, start, or fund your business endeavor.

And in case you are a crowdfunding naysayer, see the below example:

In 2012, a company called Oculus Rift launched a campaign on Kickstarter with a goal of $250,000. They had plans to produce virtual reality headsets and ended up raising $2.4 million instead of their original quarter-million goal. That extra money pushed them to quick success and the booming growth of the company. Then, just a couple of years later, Facebook bought Oculus for $2 billion!

However, crowdfunding doesn’t always work so well, especially if you aren’t lucky enough to be one of their ‘viral’ companies who get found and donated to. Additionally, money doesn’t equal success, as some notorious Kickstarter campaigns have raised more than their goal, but still folded due to competition, management, or economic troubles.

7. Work with Others by Partnering

Getting a strategic partner for your startup company can help quicken the growth and development of your business. In fact, almost four out of five companies cite partnerships as a significant part of their growth.

But why? Well, to start, your partner has a bank account. Additionally, instead of one head, one bank account, and one group of connections, working with a partner doubles all of your assets and connections immediately.

However, if you are doubling your business’ funding and assets, and halving your liability…you are also halving your potential profits, as both risk and benefits are split. This is why working with a partner who can bring something to the table, as well as one you trust, is paramount.

Contact Probably for Small Business or Startup Funding

Most banks refuse to consider startups or new businesses, but Probably will work to help you grow regardless of your age. Because every business was new at one point in time, and none of them would have made it if it wasn’t for someone funding and believing in them!

We know that not everyone has the personal savings or friends and family bank accounts to rely on, most people won’t get found and chosen by a venture capitalist or angel investor, and big banks are notorious for denying applications. And though crowdfunding is an innovative new way for entrepreneurs to fund their business ideas, most don’t get the funding they need there either.

One sure-fire way to get the business funding you need, whether that be a startup or small business loan, working capital loan, or equipment financing, is through Probably. Because we work hard to be able to say ‘yes’ when the banks and other business funding options say ‘no’.

Contact Probably today to learn more about our small business and startup business loans and alternative funding options!