Alternative funding series brought to you by: Verifico – Safely Connect With Loan Professionals that Actually Get You Funded.
If there’s one thing that we can all agree upon, it’s that getting funding for your business is HARD. The funding climate has become harsher from all avenues, and it doesn’t matter whether you’re securing capital from friends and family, an Angel Investor, a Venture Capitalist or a bank. Currently, young entrepreneurs only consider friends and family or Private Equity when raising capital because it’s daunting to merely thinking about dealing with a bank for a business loan, let alone actually going through the application process.
However, things are beginning to change. The economic downturn during the past few years has given rise to a new industry of independent financial professionals who make the process less daunting and more efficient. These professionals used to work at banks or other financial institutions and have accumulated years of knowledge (maybe even decades) in the financial industry. Now, they are using their experience and network to optimally position clients for bank financing.
These professionals offer great services, but consumers must always be aware of scammers, who are people out there attempting to take advantage of this new industry by misrepresenting themselves and their services. This is where Verifico.com (VerificoTM) comes in. VerificoTM is the first and only online marketplace that specializes in making these types of financial transactions with independent financial professionals safe and effective for both borrowers and consultants. Each professional must pass the VerificoTM Six Points VerificationTM process before they can offer their services on the VerificoTM Marketplace.
Borrowers are able to search the Marketplace and view funding criteria before enrollment (such as the loan amount, required credit score, required documentation, estimated time to receive funding, etc.) before applying. They are also able to see the real-time ratings, reviews, and results of the professionals offering these verified services. Services offered in the Marketplace include personal loans, business loans, credit enhancement, and more. In addition to being connected with the right financial professional, VerificoTM users are able to earn referral commissions by referring friends to verified services who then enroll in services and pay their consultant’s fee. It’s a win-win for all involved.
The funding landscape has changed forever and its essential for entrepreneurs to learn how to navigate this new system. Check back next week when we will be discussing the Pros and Cons of various methods of debt financing.
VerificoTM is a free online resource that borrowers use to easily find and securely connect with the right loan professionals that can actually get them funded. Loan professionals use VerificoTM to optimize their business operations and offer their verified funding services nationwide. Furthermore, anyone can use VerificoTM to recommend Six Points VerifiedTM services to their friends, family, or clients and earn up to a 9% referral commission.
Category: Startup Advice