Funding Options for Small Business

We received an interesting article this morning that according to a report published this quarter by Pepperdine University, 28% of small businesses are planning to raise new financing in the coming six months. The report also states that 68% of respondents characterize the current environment as difficult for raising new financing. Only 33% of those who applied for business loans with a bank have been successful, compared with 40% in the first quarter. The application-to-loan ratio is alarmingly low.

What many of these businesses may not realize is that the financing options available to them have actually been steadily increasing with products that offer new levels of flexibility.

If you have ever wondered if you are bankable, capable of getting a bank loan, Inland Empire Small Business Development Center in cooperation with Gene Valdez of Pacific Mercantile Bank bring the opportunity to have that question answered.

Each second Wednesday of the month in the Ontario office, Mr. Valdez will meet with SBDC clients to review funding options.  To find out more, call the Inland Empire SBDC at 951-781-2345

Looking to start or grow your business?

We at the Orange County Inland Empire SBDC, are here to help you with every aspect of your business to help it grow and become successful.
Give us a call at 1-800-616-7232 or schedule a quick, 15-minute intake appointment at to see how we can help you start, grow, and succeed.

Funding Options for Small Business

Mike Daniel is the network director of the Orange County Inland Empire SBDC Network, which assists aspiring entrepreneurs and current business owners throughout Orange, San Bernardino and Riverside counties. Mike was formerly the director of the SBDC office at Long Beach City College. As business owner and entrepreneur himself, he started his career as the owner of a Rocky Mountain Chocolate Factory location in Manhattan Beach and went on to open a second location in Long Beach in 2001. In 2007, Mike sold the Manhattan Beach store for an above-market offer then invested in several additional locations as a minority shareholder. Mike further expanded his candy empire with venture located in Shoreline Village in Long Beach called Sugar Daddies Sweet Shoppe, based on fill-it yourself candy options.

Mike has a bachelor’s degree in Business Administration from California State University, Fullerton.