The COVID-19 pandemic has affected schools, healthcare, restaurants, small businesses, and our economy as a whole. But not every company is suffering, or in a slump, in fact, there are many business industries and ideas that have taken off or seen an uptick in business in 2020!
So, from our Probably team to you, here is some much needed good news in our latest article on small business loan success stories during a pandemic!
Small Business Loans Can Help Your Business Pivot & Succeed
Restaurants Have Gotten Creative:
Many businesses had to get creative this year, from pickup and delivery options to outdoor seating in areas that usually do not allow it or have limited space.
Some cities implemented ‘outdoor refreshment areas’ where open container avenues were put in place, allowing for bars and breweries to serve to-go cocktails and beers as patrons stayed outside or walked around the city.
Other restaurants created take-home meal options and kits so their loyal customers could still enjoy their food, hot and ready, in their own homes with little preparation or labor.
Still, other restaurants created to-go cocktails, gift packages, or pivoted from only dining to utilizing their ingredients for other creations – like using kitchen stables to create bat bombs or incense cones.
Many Other Industries Have Stepped Up As Well:
Moving to remote work or utilizing virtual assistance in therapies, education, even training programs – online and teleservices have grown hugely in the past year due to shutdowns and social distancing guidelines.
And while this is amazingly creative and shows the flexibility and resiliency of our small business owners – this type of strategy change requires equipment and inventory or additional capital to get off the ground.
Unfortunately, we have seen many small businesses that were denied the initial funds to get the equipment needed – but not from Probably!
We always work hard to be able to say “yes” to your small business and equipment loan needs!
A Small Business Loan From Probably Can Get You the Capital You Need to Reach Your Customers, Even During a Pandemic
Simple, fast, and flexible – our small business loans were designed to help you get the capital you need to reach your new goals and implement your new ideas right when you need to!
We believe cash flow or long applications and waiting shouldn’t keep you from reaching goals, especially in trying times like now. That’s why we made our small business loans and equipment financing options quick and easy, because with Probably, we give you the freedom to grow your business the way you want, with the funding you need right now.
Our clients can use their funds to invest in equipment, creative new developments, online and traditional marketing, and more. Plus, unlike traditional lenders, we want to help you grow your business fast, which is why we have always offered lightning fast small business loans, as well as alternative business funding solutions.
Probably Small Business Loan Benefits
- Receive funds as quickly as one business day, up to $500,000*
- Simple application process
- Use your business loan as you see fit
- Build your credit profile
- No prepayment penalties
Three More Ways to Succeed in 2021 & Beyond:
1. Remember That Your Most Valuable Asset is Your People
Your greatest asset is your team, so make sure you let them know and keep your strong, loyal team happy and safe. Having a team who cares, is invested, and believes in your business’s services, products, or mission can get you and your business over almost any hurdle.
Take care of your employees and they will care for your customers, clients, and ultimately, your business. At Probably, we believe that a strong team wins every time.
2. Listen to What Your Customers Say
The best way to plan for what your clients and customers want from your business, or how you can alter your services to meet their needs, is by asking them and then listening.
Don’t just guess at what you should do, be social and ask exactly what people want to see. This can be as in-depth as a survey email campaign, or as simple as asking your regulars what they would like to see in a friendly conversation.
If you take care of your team and listen to your customers, then you are already set up for a successful 2021.
3. Plan for the Future, But Stay Flexible & Creative
Still have your strategic planning meetings and layout for 2021, but remember to stay flexible and open to market changes, as we aren’t out of the woods yet from COVID-19, and there may still be some curveballs at the beginning of 2021.
If you fail to plan, then you plan to fail, but if you are too set in your ways to see opportunities or to swerve when needed, you may be caught flat-footed as well. This year (and next) is all about balance and finding your equilibrium between stability and flexibility.
