This Might Be The Best Time For Small Businesses To Look Again At Loans And Financing

This Might Be The Best Time For Small Businesses To Look Again At Loans And Financing

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

2020 was a hard year for everyone, especially for small business owners, but after many delays and setbacks, recovery seems to be finally closing in. The very worst part of COVID has been the immense human suffering and loss, an enormous toll on humanity the world over. Another struggle and damaging effect of the virus is the number of business closures, but for those businesses that are still operational (or looking to get started/restarted), there is now a significant opportunity to help build and enable a powerful recovery.

From congress successfully passing the American Rescue Plan Act, to Goldman Sachs recently predicting an upcoming American boom time, the economic landscape appears to be in a major shift for the good. Rising consumer hope and demand across categories has buoyed sales and profits for a variety of industries, and because of the many businesses that sadly closed during the past year, there is a large amount of space for expansion and new entrants.

Are You Ready To Grow?
Many small businesses are in a unique situation where they are expecting to see significant growth, but are still hesitating and not yet committing to filling in the gaps or being proactive in what promises to be a strong economy with high demand in many sectors. A significant factor is likely capital resources. After experiencing deep hardship and the high value of saved up reserves of cash and assets, owners and stakeholders may still be wary of overextending. However, the benefits are likely to outweigh the risks; right now might be the opportune moment for many small businesses.

Credibly is a firm dedicated to supporting small businesses is helping companies survive and thrive, with a comprehensive ecosystem of services, information, loans, and other financing solutions. They helped thousands of businesses get through the COVID-19 crisis, while simultaneously helping many more make the most of the times ahead.

Credibly has always focused on small and medium-sized businesses, and on providing highly valuable services with a friendly and client-centric attitude. If you’ve tried talking to the big guys, or are intimidated by loans and financing in any way, Credibly might be the perfect folks to talk to.

Approaching A New Normal
No matter what ends up happening in the coming months, one thing is guaranteed; continued change and the need to adapt. Many individuals and businesses worked extremely hard to get through the last year, and we’re all hoping that the light at the end of the tunnel is coming soon, but the next question will be who is positioned to best come out of that tunnel and keep moving forward.

Small businesses especially may be in a unique position to take advantage of a highly advantageous market for loans and financing to supercharge their ability to grow and succeed both now and in the future.

The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.

Posted In: CrediblyNewsEntrepreneurshipRestaurantsSmall BusinessGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.