A new business venture that promises to provide minority merchants with a better way of obtaining working capital has launched.
Capital Boom creates both efficient and creative working capital solutions from $5,000 to $500,000 through business loans, cash
advances, receivables factoring and lines of credit.
Based in northern New Jersey, Minority owned Capital Boom is led by a group of respected individuals with over 20 years’ experience in business management, real estate, telecommunications, sales, consumer and corporate finance.
Unlike many traditional finance brokers, Capital Boom has practical experience of a number of industries, so can assist small businesses to locate easier, alternative funding, avoiding the often turbulent and challenging route of bank financing. With such strong industry experience, clients of Capital Boom are set to benefit in a number of ways, notably by having guidance to ensure funding is injected into the business in the most efficient and cost-effective way.
As a company passionate about business, customer service is high on the agenda. With a focus on a close working relationship, Capital Boom is keen to separate itself from the competition, providing a personal touch and focus recognizing each and every case as an individual. “We recognize that many of the obstacles incurred by many minority small business owners are actually beyond their control says Ken Sparrow, Director of Capital Boom. “We won’t penalize them for less than perfect credit, no credit, no collateral or any other hardship, and instead we focus on the growth potential and find ways to make the process as painless as possible way, using all available resources to get the funding each business needs. Here at Capital Boom, we are passionate about helping minority owned businesses grow.” he added.
The process is quick and easy, with a simple application, fast approval time, funding typically takes place in 3-5 days. This unique and progressive outlook to finding working capital for small and medium-sized minority owned businesses, is one that is
welcomed by the industry, where many businesses struggle to fit into the commercial bank ‘tick boxes’.
To find out more or apply, log on to www.capboom.biz.