The Difference Between Small And Big Businesses

The Difference Between Small And Big Businesses

Research, experience, and life has shown that most businesses are created equal and that most business owners (being a certain type of person/) have the ability to grow their businesses from small entities into larger enterprises.  You may be asking yourself “then why do 90% of businesses fail and another 8% stay small businesses indefinitely”?

There isn’t anything wrong with having a small business, but let’s be honest, most of us start businesses with greatness in mind and the last thing we think about when starting a business is that we are going to create ourselves a job which will pay less than minimum wage and cost us our health, hair and time.

So, what gets in the way of greatness?  Money! The number one reason for the high rate of business failure is not as obvious as the low barrier to entry and that nowadays with the advent of the internet, almost anyone can become a business owner. The real reason for the high failure rate boils down to undercapitalization.

This undercapitalization is made worse by the fact that the typical profile of a business owner is someone who believes in themselves and a lot of the times overestimates what they are capable of. The toxic recipe of not having enough money to get out of the small business stage and the overconfidence the business owner has in themselves is the number one and two cause of all business failure in this country.

Even the most cash-rich companies in the world know to hoard their cash rather than to use it for operating expenses, expansion, etc. Amazon’s recent acquisition of Whole Foods, bought on credit, Apple’s new campus, Financed.  Lenders won’t lend when it doesn’t suit them and we all have the credit crunch of 2008 still fresh in mind. Borrow when you can, when those who lend are willing, save your cash for the days when credit is not available.

First Union offers different types of loan products to suit your businesses needs.  Unsecured loans to loans secured by real estate, we are in the lending mood and we think you should take advantage now while you can. A credit crunch is coming and the economy cannot rise indefinitely without a pullback.  It’s time to position yourself to take market share from your competitors. Call today!

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First Union Lending LLC is a dually licensed Lender/Broker with its main offices located at 4900 Millenia Blvd First Floor Orlando, FL 32839. First Union Lending LLC and its ads are meant for continental United States, including Alaska and Hawaii small business owners. Business Loans offered by First Union Lending LLC have varying rates and terms that can range from 30 - 120 payments and all rates and terms are based on eligibility of the business and its owners. The actual terms are based on credit, business history, industry, amount and terms. As an example, a $5,000 loan paid over 5 years at 8% would have a total repayment of $6,082.92 over the life of the loan. We use the latest encryption to protect sensitive information transmitted online, as well as run our own secure server network to ensure your information is protected offline as well. California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through VBJ Consulting, LLC, a licensed finance lender/broker, California Financing Law License No. CFL#60DBO78163

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