Seeking funding from financial institutions as an entrepreneur is challenging and, at times, discouraging for those with goals they’d like to reach and dreams they’d like to achieve. Traditional financial institutions typically cater to a specific demographic — those with higher credit scores or a definitive source of regular income earned each month. But, what about those who don’t want to work a traditional 9-5 position? What about the creative minds with revolutionary ideas that want to start businesses but lack the necessary funding to make their dreams come true?
The unfortunate truth is that many potentially successful entrepreneurs have had to put their dreams on hold. They may have applied for funding from multiple financial institutions without success. Despite their cutting-edge ideas, optimism, and willingness to work hard, the standard banks are more likely to turn these individuals away because of the risks associated with providing funding to those without established income sources. Even if these entrepreneurs can pay what they owe within a reasonable time, they still tend to get denied from multiple lenders because they don’t meet certain requirements or fit within a specific box used to determine eligibility for funding.
Interestingly enough, more people than ever before are quitting their traditional 9-5 positions to start businesses and do what they love. Fueled by the global pandemic and the realization that conventional job security isn’t guaranteed during desperate and dire times, millions of people are quitting left and right while focusing on finding their niches to start profitable businesses. And, despite the increasing number of people diving into the world of entrepreneurship, traditional banks continue to make it difficult for these individuals to obtain the funding needed to get started in different industries.
Developing an entity focused on innovation and entrepreneurs was a top priority for Pip Dhaliwal, the founder of Freedom Capital Inc. Having worked as a loans officer for conventional institutions for several years, Dhaliwal noticed the many restrictions for self-employed entrepreneurs seeking funding for their business ventures. He realized a lack of funding for these innovative individuals was a significant problem and developed a unique vision, eventually creating Freedom Capital. The alternative financing company is now breaking down barriers while providing entrepreneurs with the capital needed to succeed.
“At Freedom Capital, we take great pride in helping small business owners get started. We’re providing a service that helps our clients make money. Not only do the lenders make a profit, but the clients get the funds needed to create startups, follow their dreams, and succeed. Our service is ideal for those who need funding and don’t fit the typical standards for clients applying for capital with traditional financial institutions. We make the process of receiving capital stress-free and straightforward,” shared Dhaliwal.
With more people quitting their regular jobs and going into business for themselves, there has never been a better time for entrepreneurs to seek innovative and alternative financial solutions to get the capital needed for their startups. While it’s easy to get turned away and declined from standard banks, that isn’t the case when applying for funding with Freedom Capital.
Sponsored Post
