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Small Business Financing Up 40 Percent In 2015

By: Guidant Financial Group |  59 Shares     343 Reads

Guidant Financial surpasses $190 million toward its pledge to deploy $350 million in small business financing by year's end.

BELLEVUE, Wash. - July 15, 2015 // PRNewswire // - Small business financing leader Guidant Financial today announced significant growth in small business financing in the first half of 2015. As compared to July 2014, Guidant Financial has seen a 40-percent increase in funding for entrepreneurs starting or expanding a business or franchise. And only halfway through the year, the company has reached $190 million toward its aggressive goal to deploy $350 million in small business financing in 2015, surpassing projections and helping more than one thousand individuals attain the dream of business ownership year-to-date.

Steady growth is due in large part to entrepreneurs' increasing awareness and pursuit of alternative financing methods. Rollovers as business startups (ROBS), for example, enable entrepreneurs to leverage existing retirement investments to fund a small business or franchise purchase without taking a taxable distribution. ROBS can also bridge a funding gap between traditional and alternative sources. In fact, approximately half of Guidant's clients use a combination of traditional and alternative forms of funding to finance a new business endeavor.

In addition to ROBS, Guidant's traditional financing solutions — which include SBA loans, unsecured loans, portfolio loans and equipment leasing — helped contribute to the momentum.

Growth in the number of people starting or expanding a business can also be attributed to the real estate market's recent gains, the stock market trading near record highs and a low-interest environment. Additionally, baby boomers' confidence in a secure retirement is at a five-year low, according to a recent study from Insured Retirement Institute. Baby boomers make up the majority of Guidant's clients, demonstrating that the age group is looking for creative ways to invest in themselves and realize their dreams of business ownership as a second career.

Currently, Guidant is seeing strong activity in the business services; health, beauty and fitness; and food and restaurant categories. California, Texas and Florida remain the top states with the highest volume of entrepreneurs leveraging ROBS from Guidant Financial.

"As consumer confidence in the economy continues to increase, more and more people are choosing now as the time go into business for themselves," said David Nilssen, CEO of Guidant Financial. "But as access to capital remains tight, these entrepreneurs are choosing alternative funding methods at an increasing rate. By working to make small business financing easy and accessible, we're helping our clients' dreams come true and supporting America's small business economic engine."

Since 2003, Guidant has helped deploy more than $3 billion of capital into 10,000 small businesses and franchises.

About Guidant Financial

Guidant Financial works with entrepreneurs to identify, evaluate and deploy intelligent business financing strategies. Their services include, but are not limited to, rollovers as business startups (ROBS), SBA loans, unsecured credit and portfolio loans. Since 2003, Guidant has helped deploy more than $3 billion of capital into 10,000 small businesses and franchises. Visit Guidant on the web at guidantfinancial.com.

SOURCE Guidant Financial

Contact:

Jeff Dillow
Hollywood Public Relations
774.773.9571
jeff@hollywoodpr.net

 

 

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