Craft Breweries Boost Business

The rise of the craft brewery industry has benefited numerous other industries.

Last week, we talked about how food is one of the most stable industries, because no matter what, people will always need something to eat. Another burgeoning industry goes hand in hand with food, and may be in even higher demand: beer. According to businessweek.com, the number of craft breweries in the United States has exploded by 131 percent in the past seven years. Areas where craft breweries are especially popular include the Northeast and West, though the magic of finely made beer is beginning to take hold of the Midwest, Mid Atlantic, and yes, even the Deep South as well.

The rise in the brewery industry stands to benefit a number of other industries. Breweries will need vendors to sell their beers to. Restaurants, hotels, and grocery stores can all expect more business as breweries look for other places to sell their product. In addition, catering halls and other places where weddings are held will be able to boost their business by offering new craft beers at their open bars. In short, the possibilities for a multitude of industries are quite possibly limitless.

In order for your business to take advantage of the success of another business, you’ll need the right kind of financing. For that, there’s Silver Rock Funding. Our network of lenders can get your business a merchan tcash advance of up to $500,000 for all your business needs. Don’t miss out on a chance for success – contact Silver Rock Funding today. 

Summer Engagements Bring Big Business

Wedding proposals rely on a variety of small businesses.

We’ve talked before on this blog about how the summer is the biggest season of the year for weddings – and it is. The wedding industry is a staggeringly large one. Bridal shops, catering halls, hotels, salons, cosmetics – all experience a tremendous amount of business thanks to weddings, especially during the summertime. However, there’s another aspect of weddings that stimulates various businesses just as much – the engagement.

It goes without saying that a wedding proposal is a daunting task. Some opt for a simple proposal, such as after a nice dinner at a fancy restaurant, while others, like this gentleman here, take the less-than-subtle  approach of incorporating large amounts of people, music and pageantry – in this case, the entire University of Michigan Wolverines Marching Band. Regardless of how people decide to propose, chances are they need a little help with it, and that help can often come from various small business industries.

In order to best help those star-crossed lovers who rely on you, whether you’re a florist, a restaurant owner or a jeweler, you’ll need the right kind of financing. For that, there’s Silver Rock Funding. Our network of lenders can get you a merchant cash advance of up to $500,000 for your small business needs. Most loans can be approved within 72 hours, making sure you’re always prepared for whatever comes your way.

Seafood Big Seller During Summer

Seafood can be a great summer addition to any food-related business.

Some industries experience major shifts in performance based on seasons. For example, gyms and construction companies tend to do better in the summer, while other industries such as sporting goods stores that specialize in skiing do better during the wintertime. However, there is one kind of industry that remains in high demand year-round: anything involving food. People will always need to eat, and they will always need places to eat and to get their food. Because of this, restaurants, grocery stores and foodtrucks are in high demand.

Food service is a relatively consistent industry, but that isn’t to say that there aren’t certain types of food that perform better in different seasons. One kind of food that typically experiences a surge in sales during the summer is seafood. With fresher, more appetizing options available and warmer temperatures leading hungry customers to gravitate towards lighter fare, seafood can be a great addition to any restaurant or grocery store during the summer months.

One problem with seafood is that it isn’t cheap. It especially isn’t cheap for the vendors who desire to sell it. This is one area, though, where you have to spend money to make money. If you don’t have seafood, people are going to look somewhere else for it. Your business shouldn’t miss out on potential growth just because you have difficulty paying for what it needs. For that, there is Silver Rock Funding. We can get you a merchant cash advance of up to $500,000, making sure you have all the tools necessary to grow and maintain your small business. 

Trucking Industry Looking Toward Bright Future

Trucks are still the dominant form of freight transportation in the US.

This past century has been one of change, more so than almost any other period of time. One industry where change has been the most dramatic and the most rapid is transportation. Trains replaced carriages, then cars replaced trains, then airplanes replaced cars as the dominant form of personal transportation over long distances. However, when it comes to moving freight across the country, there is still one mode of transportation that reigns supreme: trucking.

The trucking industry is a massive one that is vital to the US economy. 3.5 million drivers drive 690 billion miles a year, transporting $671 billion dollars’ worth of goods, or 70% of all freight transported in the United States. Truckers aren’t only expected to maintain their position as the dominant form of freight transportation; they’re actually projected to transport even more. A recent study by the American Trucking Associations predicts that the volume of freight moved by trucks will increase by an annual rate of 3.5% for the next five years, and total revenue from freight transportation will shoot up by 72% over the next twelve years.

There’s one major thing to take away from all this: if you’re in the trucking business, there’s no better time than right now to expand and broaden your business. With steady growth predicted for the next decade, you can’t ask for a more ripe opportunity for innovation. However, in order to do that, you’ll need financing, and unfortunately many banks are currently reluctant to give out small business loans. That’s where Silver Rock Funding comes in. Our network of lenders can get you a merchant cash advance of up to $500,000 for your business needs, making sure you have all the tools at your disposal to make the most out of your business.

Small Business Lenders Help Post-Recession

Small business lenders have begun to fill the vacuum left by banks.

We may have begun to see the end of the Great Recession, but many of its effects are still hamstringing small business owners. The Great Recession was devastating to small business. According to the US Census, there were over 337,000 fewer companies with less than 499 employees in the few years after the beginning of the recession. We have started to see a turnaround in the economy, and small businesses are seeing very encouraging statistics. However, there is one area where small businesses are still feeling the effects of the recession: small business loans.

For years, the main place that entrepreneurs would go for business loans to expand their company was their local bank. Even before the recession, though, banks did not approve many small business loans. Some surveys had the rate of approval as low as 10 percent, and the numbers remain anemic to this day. Luckily, changes in the marketplace have led to the rise of small business lenders, which can often approve loan requests faster and at a higher rate than banks. This new source of financing has helped countless small business owners get the money they need to expand their businesses

In order to have the best chance at getting a merchant cash advance from a lender, you need help from a company that knows the marketplace. That’s where Silver Rock Funding can help. Their extensive network of lenders can approve a small business loan of up to $500,000. Most loans can be approved within 72 hours, making sure you have the financing you need, when you need it.

Summer Big Season for Gym Memberships

The summer is one of the two busiest times of the year for gyms.

There are two times of the year that, more than any others, people flock to the gym in droves. The first is at the beginning of January, as people attack their New Year’s resolutions with a vengeance by trying to get back in shape. The second is during the summer, when the rapidly approaching beach season drives many to the gym in an effort to pack on some muscle and lose some waist inches. This means that right now we are at the busiest time of the year for one of the fastest growing industries. One study projects the growth rate gym and health club memberships in the United States at over 25 percent.

Not all gyms and health clubs are corporate giants. In fact, many of them are locally owned small businesses. Obviously, small gyms and health spas are at a disadvantage in terms of financing their expansions. Whether it’s buying new weights, advertising a new membership special or adding a new feature such as a sauna, it costs money for a small gym to offer the next level of fitness opportunities – money that small gyms often don’t have right away.

No small business should miss out on an opportunity just because they don’t have the money they need at the moment opportunity knocks. To help with that, there are small business loans companies like Silver Rock Funding. Our network of lenders can provide a merchant cash advance of up to $500,000, making sure that you have the tools you need to get the most out of your business.

Summer Vacation? Not for Many Small Business Owners

The demand of running a business makes it difficult to take vacations.

For most people, the summertime is a chance to slow down, relax and decompress from the relentless grind of work. For many entrepreneurs and small business owners, it’s just another few months at the office. According to a recent survey by Office Depot, one-third of all small business owners have no plans to take a vacation over the summer. Even those that do take a vacation are still on the clock in one way or another, as 25 percent of business owners say that they check in on their company at least twice a day while on vacation.

It is debatable whether it’s more advantageous for business owners to take some time off during the summer or just keep their nose to the grindstone. However, the amount of small business owners who are unable to take vacations is a testament as to just how hard you have to work to be a successful business owner. No business can succeed unless the business owner is willing to put in the long hours, hard work and sacrifice that are absolutely essential to success. As important as hard work is, though, it isn’t the silver bullet for a business’ success. Another thing is just as, if not more important: money.

You can work as long as you want and take as few vacations as you please and not experience any success. The key is to have the right kind of money to take advantage of a strong work ethic. For that, there are small business loans providers such as Silver Rock Funding. Our network of lenders can provide a merchant cash advance, often within 72 hours, making sure all of your hard work doesn’t go to waste.

How to Finance Your Small Business

There are some simple ways for your business to save a lot of money

We’ve talked a lot about how positive the current economic climate looks for small business owners. It’s true – several years after the beginning of a recession, the tide has begun to turn in favor of small businesses, and trends of both hiring and overall revenue look encouraging. However, that’s not to say that small business owners don’t still have some very real concerns. With the recession still a recent and frightening memory, many business owners continue to worry about the potential instability of the economy. Other concerns include health care costs, the need to comply with new regulations and the ever-present need to compete with much larger, wealthier companies for customers. However, one of the chief concerns of small business owners is financing their business.

In order to keep costs low, Silver Rock Funding presents the Top 5 Ways to Save Money as a Small Business Owner:

1.       Shop smart. You’ll need to buy things for your office, from paper clips and pencils to desks and computers. Some great ways to keep supply costs low are to buy in bulk for the smaller items, and look for secondhand items such as used desks and chairs.

2.       Sublet available space. If you don’t see yourself using that empty room in your building any time soon, why not rent it out to someone who needs it? You’ll be helping someone out and adding some revenue at the same time!

3.       Be careful with your hiring. A high turnover rate can be a drain on a company’s profits. To avoid this, take your time hiring each position, and make sure that your new employees are in it for the long haul.

4.       Watch the thermostat. Utility costs in your office space can really add up. Being vigilant about not using too much energy can help your wallet out tremendously.

5.       Rent, Rent, Rent. Unless you absolutely need something, such as a company vehicle, don’t buy it. The money you save by renting can really add up and help.

Since the recession and the burst of the credit bubble, it has become increasingly difficult for small businesses to receive funding through small business loans. Banks have been reluctant to provide new business loans, and to refinance old loans. This drying up of sources of cash has been a challenge for small businesses. Luckily for business owners, there are brokers available who can match them to independent lenders who are more eager to provide business loans than banks. One such broker is Silver Rock Funding. Their network of lenders can provide a merchant cash advance of up to $500,000 to make sure your business is properly financed. Most loans can be approved within 72 hours, making sure that no one has to wait in order to chase success.

Small Businesses Continue to Create Jobs

Small businesses in the US experienced their ninth consecutive month of positive growth.

Some more encouraging news for small business owners! According to a recent study, small businesses in the United States added 118,000 jobs in June. That was a full sixty percent better than the average for the first five months of 2014, and the biggest increase in hiring since early 2012. With this most recent development, small businesses have added jobs for nine consecutive months, the best trend since 2006. In short, with all of these positive numbers and encouraging trends in the world of small business, there is no better time to expand and innovate your company than right now!

There are many ways that small business owners have been able to expand their companies in order to create jobs. Some of it is seasonal businesses that hire the greatest amount of their employees at the beginning of the summer. Some of it is increased revenue that allows and requires the business to hire more employees. However, a big part of it is more money available to businesses through small business loans. The business loans industry is an extremely helpful one for small businesses, and one such company is Silver Rock Funding. Their network of lenders can get you a merchant cash advance of up to $500,000, often within 72 hours, making sure your company can continue to take advantage of this blossoming small business climate.

Fourth of July Brings Business Opportunities

Independence Day is a big day for many different industries

Well, it’s almost that time of year. In two days’ time, it’ll be the Fourth of July, where we celebrate our independence in the most American ways possible: by festooning ourselves in red, white and blue, launching fiery projectiles into the night and grilling lots and lots of oh-so-tasty meat. The Fourth of July is the single biggest day of the year for barbecue in the United States. Billions of pounds of hot dogs, hamburgers, chicken, pork and other meaty delights will be bought, grilled and eaten this Friday. In addition, millions of fireworks will be sold to cities, towns and individuals for luminous displays of patriotism. To quote from The Simpsons, nothing celebrates our nation’s independence quite like blowing up a small chunk of it.

The Fourth of July isn't just a great opportunity to show how much you love America. It’s also a great business opportunity for many different industries. Grocery stores can expect a boom in sales due to the tremendous amount of barbecuing, sporting goods stores will sell more yard games for neighborhood barbecues and food trucks and catering companies could have the opportunity to provide food for local celebrations. In short, Independence Day is a tremendous chance for businesses to grow their customer base and improve their sales.

In order to take advantage of this unique opportunity, your business is going to need money. Small business loans can be hard to come by in this day and age. That’s where Silver Rock Funding comes in. We can get you a merchant cash advance of up to $500,000, making sure you have all the tools you need to ensure success for your small business.