Common Funding Failures
Avoiding The Pitfalls Of Traditional Business Funding
The American Dream
Starting a business is one of the best ways to build generational wealth. Starting a business comes with a ton of sacrifices, dedication, and commitment. It can take a lot of long nights and early mornings, but most importantly, it takes money. Statistically, 48% of small businesses do not have enough capital to start a business, let alone get to the next level. What do they do? They do what everyone is taught to do… Try for traditional funding with a bank loan or they look for Venture Capital.
Dreams to Nightmares!
According to these statistics listed by the Federal Reserve’s Survey, 80% of all small businesses that apply for funding are getting denied. Historically, one third of businesses fail due to running out of capital. Not having access to the funds needed for daily operations eventually leads to the small business getting sold to someone or even worse, shut down.
The Ugly Truth
A majority of businesses don’t apply for funding because either their credit score is too low, they already have too much debt to qualify for additional funding, or they’re simply discouraged. Outstanding debt is one of the biggest factors that ruin the chances of businesses collecting funding.
As of the end of the fiscal year of 2020 there is a total of 79% of small businesses that have outstanding debt. Which was an increase from 2019 of 71%.
Not only is the number in business with outstanding debt steadily increasing, so is the total amount of debt! Small businesses accruing more than $100,000 in debt have increased to 44% at the end of 2020 from only 31% ending 2019.
This is where ALTRU completely disrupts the industry. $ALTRU is a BEP-20 token on the Binance Smart chain, with a 5% tax that builds to fund businesses. Holders of the token vote for their favorite business in ALTRU’s community governed DAO. ALTRU automatically grants $25,000 in funding to any business registered through its website, selected by the community. The funding grant has no strings attached (aside from a live stream of the business receiving the grant). No loan payments, no credit pull, no down payment, no loss in equity. Businesses simply receive the $25,000 in funding and are free to use the funds as it best suits their needs.
The Future Of Business Funding
ALTRU provides an opportunity for businesses to collaborate and grow together. Joining the ALTRU ecosystem of businesses enables you to take advantage of the business funding platform built by business owners, for business owners. With ALTRU, Every business has an opportunity to receive the funding it needs to be successful, regardless of its size, structure or current financial obligations!
Reach New Heights!
In order to qualify for the funding platform you must be a holder of $ALTRU token. Aside from the funding, holding the token brings its own advantages. As more business owners and their customers acquire the token, the value of the token itself will increase.
Holders of the token are rewarded with 3% of every transaction, reflected directly to their wallets.
We’ve created a system where customers can get rewarded for supporting their favorite businesses! A business can multiply its entire operation by rallying its community around $ALTRU. This is the future of business funding!
Visit our website: www. altru.cash register for $25,000 in funding and join our telegram chat today!
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