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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The Situation: A startup company specializing in 5G underground boring, a method of installing underground utilities including pipes, conduits or cables, was winning numerous new projects and were in high demand; however, they struggled to come up with the capital to purchase new equipment and hire additional employees, two necessary components in order to continue to scale their business. As a startup that opened its doors in early 2022, the company did not attempt to seek out traditional funding such as a bank loan.

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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