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.
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.