As your business grows and experiences success, you will need additional capital to sustain its expansion. Although times are getting better, it still can be extremely difficult for a startup or small business to receive a bank loan. According to BizCredit, 9 out of every 10 loan applications end up getting rejected. If you are part of that 90%, what are you going to do? Don’t lose hope yet! At The Tax Club, we want to see your business grow and succeed! Here are some alternative financing options that your small business might want to explore:
Government Backed Loans: The SBA has been extremely helpful in providing loans to small businesses that have exhausted traditional lending channels. How it works is, the SBA will guarantee a percentage of the loan, which is given by a private lender; the organization will guarantee up to 90% in some cases! Preferred SBA lenders… Read the rest





