Alternative Funding Options for Small Kansas City Businesses in Growth Mode

Covid-19 changed the landscape for small businesses around the country and especially in Kansas City. “The Payment Protection Program (PPP) was a good band-aid, but now small businesses are really looking for that growth capital and it’s been a challenge for them to find that,” according to John Minnis, CEO of Kompass Funding.

Traditional funding isn’t as accessible as it used to be. And, although every small business can’t qualify for a bank or SBA loan, there are other ways they can access capital – solutions they may not even know exist. In this podcast, Minnis and Abigail Nolte, operations manager with Kompass Funding, share their insights on small business funding options.

Listen to this podcast to hear about:

Some of the biggest challenges small business owners are facing in Kansas City today.

  • What alternative funding solutions are available – from bridge loans to invoice factoring programs – and how to figure out which one is best for your business.
  • The top three characteristics business owners should look for when considering a lender.
  • A temperature check on the economy.

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Inflation isn’t done yet – but for small-to-mid-sized businesses, there are alternative ways to weather the storm.

Recently, Kompass Funding conducted an online poll, specifically regarding finding new workers, retaining talent, inflation, and cashflow. Unsurprisingly, one of the biggest concerns companies face today is inflation. We’ve seen record-high PMI statistics over the last two months, and it’s no surprise that owners are looking for outlets to cope with rising costs.

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Alternative Funding Provides the Engine that Keeps Wireless Running

“The demand for subcontractors and general contractors from the crush of 5G build projects snowballs into the need for cash flow or capital to continue to run these businesses,” Tom Joerger, Kompass Funding Director of Operations said. A critical resource helping companies to make payroll and cover operational expenses during this time is alternative funding, a solution offered by Kompass. This engine keeps companies moving forward at full speed.

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Get the funding you need, when you need it.

Give us a call to discuss your business funding objectives, so our advisors can show you examples of similar businesses leveraging cash-flow solutions to scale their business quickly. 

You can customize and manage how you want to factor with Kompass Funding, so you get the funding you need, when you need it. Our clients can even avoid waiting 30 to 60 days for your customers to pay invoices, we pay you the amount of the invoice within 24 hours and assume the risk of collection.

Now you can focus on growing your business. 

Let's talk.
Call us at 913-728-0530