satisfaction100% Guaranteed
Free shippingon orders over $99
7 DayEasy return

Equipment, Supplies and Training for the Professional Refinisher

1-800-888-1081
0
You have no items in your shopping cart.

0

×

Registration

Profile Informations

Login Datas

or login

First name is required!
Last name is required!
First name is not valid!
Last name is not valid!
This is not an email address!
Email address is required!
This email is already registered!
Password is required!
Enter a valid password!
Please enter 6 or more characters!
Please enter 16 or less characters!
Passwords are not same!
Terms and Conditions are required!
Email or Password is wrong!

Commercial Loans Are Attainable, But Do Small Business Owners Still Want Them?

loanAccording to the 4th annual Success Study by The Hartford on small business owners, there appear to be fewer owners in 2014 who are concerned about economic issues outside of their control such as slow economic growth, taxes and healthcare costs compared to when owners answered the question in 2012. This greater sense of comfort with outside financial factors may explain why more small business owners are confident in seeking out additional funding to grow further.

However, the big surprise of the study is that even though small business owners are finding it easier to get a commercial loan, they’re not necessarily choosing that as their first option for funding.

Instead, they’re 39% more likely to turn to their own personal funds to help finance their operations than compared to two years ago. By personal funds, we mean personal savings, retirement savings or obtaining loans from family and friends.

Thinking the personal funding route might be the way to go for you too? Consider the risks. It’s one thing to use a portion of your savings that isn’t generating a great deal of interest toward your business. It’s quite another to ask a loved one for money, especially since it could alter the relationship permanently.

Before jumping to conclusions that certain sources of funding aren’t for you, do your research. Talk to a community bank or credit union about the necessary qualifications for loans. You may even explore the terms of alternative loans such as peer-to-peer loans. Compare these avenues to personally funding your growth. Then you’ll be ready to make a more informed decision on an option that matches not only what you best qualify for but what makes you most financially comfortable as well.

Click here for more of the Hartford Study.

For more information about lending options, please read our white paper.

Steve Coven

In the early 1990’s Steve was looking for a new career. Someone told him about bathtub refinishing and he jumped in. It worked out well for him. He was good at it and quickly built a thriving business. Steve was purchasing his materials from NAPCO but he noticed the service deteriorating rather rapidly. Coming from a family with a strong entrepreneurial history, Steve approached NAPCO and purchased the company in 1992. Steve pledged to provide great service, always have in-stock what his customers needed and to continually innovate. His vision paid off as NAPCO has enjoyed strong growth due to loyal customers for which Steve is very thankful.

More Posts - Website
Follow Me:
Leave a Reply
  •  
Find A Refinisher

HOMEOWNERS
NAPCO will help you choose a reputable refinisher.
Don’t take a chance on an unqualified technician.
To find a refinisher click here

 
 

REFINISHERS - TRADE UP YOUR STOCK
NAPCO will buy your ENTIRE refinishing supply inventory and REPLACE it with NAPCO bathtub refinishing products - one for one. No restrictions.
For more information click here