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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How business owners can manage their quarterly tax estimates with alternative lending solutions

One pain point for many business owners is quarterly tax estimate payments – this includes sole proprietors, partners in partnerships, members of LLCs, and shareholders of S-corps. Because of the requirement to pay your quarterly estimates by April 15th, June 15th, September 15th, and January 15th (for the fourth quarter), many entrepreneurs find the complexities of taxes overwhelming. The good news is that there are proactive steps you can take to ease the burden, and one effective strategy is to utilize alternative lending solutions so that you have the necessary funds to meet your tax obligations without disrupting your cash flow.

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How to leverage your current portfolio to grow your financial flexibility

Individuals and businesses are constantly seeking innovative ways to leverage their assets for growth and financial flexibility, and a powerful tool that can be used in gaining status is Securities-Based Lending (SBL). This financial strategy allows borrowers to use their investment portfolios as collateral for loans, providing a range of benefits that extend beyond traditional lending methods.

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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

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