SCOTTSDALE, AZ--(Marketwired - July 15, 2016) - New Business Funders (http://www.newbusinessfunders.com) has just released a brand new guide that provides quick comparison to business credit lines and business loans for new companies to better illustrate funding options for new borrowers.
Studies have found that the biggest hindrance in starting a new business these days is found in the lack of working capital. In fact, it's one of the primary reasons why new businesses fail far more often than they succeed.
"Understanding your borrowing options is incremental in you succeeding with your new business, especially if you are short on the funds you need to get things off the ground," explained Troy Bohlke, spokesperson for New Business Funders, a company that specializes in helping new businesses secure lines of credit.
Knowing what options that you have to acquire the funding that your business needs is half the battle when getting the new entity up and running. But tragically, many new business owners still go through the run-around with large banks, which most often decline to approve them due to the inherent risk associated with startup funding.
"It can be disheartening to be declined over and over by the big banks," Bohlke said. "We're here to let these hard working business owners know that there are alternative options they can explore for funding."
To learn more about this small business program, go to:
Or contact: Troy Bohlke at: 1-855-680-FICO ext. 101; email: firstname.lastname@example.org.
You can read the new guide online at: http://newbusinessfunders.com/why-most-business-loans-for-new-companies-dont-stack-up-to-a-line-of-credit.
About New Business Funders
New Business Funders helps connect startups to the lines of credit they need in a simple and efficient manner. Using their broad network of banks that are eager to loan money to startups, NBF helps get new businesses the credit lines they need without the runaround. Just a 680 FICO score or better gets your business approved for a line of credit from $10k to $250k with low interest and easy repayment options. No tax returns, bank statements, automated payments, business statements or sales receipts required. It really should be this easy to fund your new business.