Detroit – National Small Business Week launches April 29 and runs through May 5. During Small Business Week, LVRG wants to help businesses make a bigger impact, grow, and prosper. LVRG is committing up to $1,000,000 in funding to support Detroit small businesses, and it must be distributed between April 29 and May 5. How does a small business owner gain access to this capital? Very easily. (Note: this is not a grant program!)
Applying is easy, and the criteria is simple. Minimum six months in business and $10,000 per month in gross revenue. Existing small businesses only, no startups or purchases will be considered. Apply for funding at LVRGFunding.com.
SBA data shows in 2013, there were 28.8 million small businesses. And according to the SBA, “about two-thirds of businesses with employees survive at least two years and about half survive at least five years.”
National Small Business Week is a huge opportunity for a small business owner to work on their business and not just operate in their business. Even with a unique brand name, marketing gimmick, social media following, or the best product/service, no business can survive without a healthy flow of cash. Having a solid cash flow is not just about managing a healthy business; it’s a matter of life or death for that business. Cars can’t run without gas, and businesses can’t run without cash flow. It’s really that simple!
“We live and breathe small business growth every single day,” said Charles Barr, Co-Founder & Director of LVRG. “LVRG is a team of the right people, working with the right data, getting you the right-size funding for your business. The time is now, and there are no excuses; we’re giving you the opportunity to access capital to help you purchase inventory, upgrade equipment, launch a marketing campaign, hire staff, expand, manage payroll, etc.”
One clear reason small businesses fail is due to lack of funding. Smart business owners diversify their capital sources and project losses well in advance, which allows them to seek out funding options and be prepared for difficult financial situations before they strike. Getting to a position of excess cash flow helps a company operate in a strategic, proactive way, rather than a reactive, defensive way.
Small businesses are the cornerstone of our culture. They provide quality goods and services in our neighborhoods. If you own a small business, and have an idea to grow but lack the capital to get it done, LVRG can help.
About LVRG: Headquartered in the Ford Building, LVRG is a local finance company dedicated to helping local small businesses thrive and grow. With a dedication to our clientele and a reputation for excellence, you'll understand why LVRG is such a respected member of Metro Detroit’s small business community. Give us a call today (855) 998-5874, we're here to help!