Why Business Financing Relationships Need to Be Personal

Business Relationships - 3 Min Read

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This post was last updated on April 26, 2021.

What kind of relationship do you have with your business financing lender? Deciding which lending option is best for your business is a big decision, and it’s easy to forget to consider the value of a partnership when you’re weighing your options.

Some business owners forget to factor in the importance of a long-term business financing partnership and simply seek out loans when they need them. But, planning for your future needs in addition to your current plans can be advantageous, too, and should be part of your overall funding decision.

What to Look for in a Business Financing Relationship

When you establish an ongoing relationship with your business financing partner, you get the benefit of a strategic partnership with a lender who has a vested interest in helping your business succeed. Your business financing relationship should be personal and with a partner you can count on to guide you in the right direction for your business.

Your business needs are unique, but the following factors can be great to consider when seeking a funding partner.

Understanding and Dedicated Support

When choosing a lending provider, you may want to consider a partner who understands small businesses within your particular industry. Your financing partner should understand the unique challenges presented to your business and be able to recommend funding solutions that will help you succeed. They should consider your immediate needs, while simultaneously working toward the long-term health of your business.

Additionally, working with an alternative lender may offer you the opportunity for a more personal relationship with a financing professional. For example, businesses that work with Mulligan Funding receive a dedicated loan advisor who is there to help with access to funding solutions every step of the way.

Having a knowledgeable and familiar team member on your side can make all the difference when navigating the funding process.

Trustworthy Values

Finding a trustworthy loan provider can be difficult, especially when there are predatory lenders looking to take advantage of business owners. Deceptive lenders may try to prey on your business with vague terms, hidden pricing, or other unfair practices.

Protect yourself by choosing a business financing partner that has the same trustworthy values that you have as a business owner. A reputable lender should display their terms clearly and up-front as well as provide you with the support you need to answer any questions and guide you through the process.

At Mulligan Funding, relationships are our priority, so you can rest assured that you won’t be taken advantage of when you work with our team of professionals. We won’t entice you to borrow more than you need; we’ll work with you to find the solution that benefits your business and sets you up for success.

Convenience and Flexibility

It can be difficult to find the right level of flexibility when searching for a business capital loan. But, with a personal relationship established, you can have the flexibility you need to find solutions that work for you and your business.

And, if you’ve chosen to work with an alternative lender rather than a large, traditional bank, you may experience more flexibility when reviewing financing options available to you. At Mulligan Funding, a working capital loan offers flexibility along with the following benefits:

  • A seamless application process
  • Approval in as soon as a few hours*
  • Funding available as soon as the next business day*
  • No collateral required
  • Small manageable daily payments

A Long-Term Partnership with Mulligan Funding

Ready to explore your funding options? Mulligan Funding may be the right fit for you! Whether you need financing for equipment, have a slow month, and need to get ahead of the game; or you’re planning your next big expansion, we can help you access the funds you need1. You’ll get the comfort and reliability of a single point of contact, a loan advisor that knows you and your business.

When you build a partnership with the right lending partner, you end up with a lender you can trust, who understands your business and has a vested interest in your success.

Call Mulligan Funding at 855-326-3564 to discuss your financing options today!

The information shared is intended to be used for informational purposes only and you should independently research and verify.

Note: Prior to January 23, 2020, Mulligan Funding operated solely as a direct lender, originating all of its own loans and Merchant Cash Advance contracts. From that date onwards, the majority of funding offered by Mulligan Funding will be by Loans originated by FinWise Bank, a Utah-chartered Bank, pursuant to a Loan Program conducted jointly by Mulligan Funding and FinWise Bank.