We celebrate Black History Month during the month of February. This originally started in 1926 as Negro History Week in honor of Abraham Lincoln and Frederick Douglass. In 1976 the U.S. Government began to recognize it as Black History Month. America uses the month to recognize the many African Americans that made a difference in U.S. history. These are the stories of 4 individuals that worked past obstacles and struggles to find success in history. Tiger Funding wants to help you work past obstacles to help your business succeed with business loans for bad credit.
Stephen Smith was born into slavery. He worked in the lumberyard. But, when he was 21 he purchased his freedom for $50. By 1822 he had established his own lumberyard. In 1857 he was worth the equivalent of what would be $13.5 million today. What sounds like a great success story becomes even more powerful when you hear of the opposition that Mr. Smith faced. Even after buying his freedom life was not easy for him. His work as an abolitionist caused some in the community to hate him. At one point unknown individuals destroyed his office and records. However, he didn’t let that keep him down. He rebuilt and found prosperity again. He found constant opposition as he worked to bring light to the abolitionist movement, but did not give up.
Takeaway for entrepreneurs: Building a business will not always be easy. You might not face opposition as serious as Stephen Smith, but you still need to push through and not give up. If you need working capital to grow your business and are being turned down by traditional lenders due to bad credit, try Tiger Funding. We specialize in providing business loans for bad credit, when other lenders wont.
Frank McWorter was an entrepreneur at heart. He was born into slavery, his father is assumed to be his mother’s white master, George McWhorter. While enslaved he helped to develop a new farm and worked part of the time being leased to a neighbor. Through this process he learned business skills and was able to make more than he was required to pay McWhorter. He married a slave on the neighboring property and was able to eventually purchasing her freedom, before purchasing his own. He became a saltpeter and in total purchased the freedom of 16 family members. McWorter was the first African American to develop a town.
Takeaway for entrepreneurs: If you feel like you are in a situation that is holding you back from moving forward with business think again. Traditional lenders have strict requirements for obtaining a loan and many small business do not qualify, especially if you have bad credit. Tiger Funding has business loans for bad credit that allow you to get the funding you need now.
While enslaved Clara Brown married and had four children. The entire family found themselves separated and sold at auction when their master died. When her next owner died his family gave her freedom. She traveled west looking for her family and people believe her to be the first African American woman to make it to Colorado during the gold rush. Clara Brown established a successful laundry business and used her proceeds to invest in real estate. She also helped other freed slaves to start over. Clara Brown never gave up looking for her family. She was reunited with one daughter almost 50 years after being separated.
Takeaway for entrepreneurs: Never give up. Clara Brown overcame struggles of every kind. She suffered personal loss and had to build a new life that was unknown to her. Including taking on a challenge and not giving up on her dream. She was rewarded with financial success and found one of her children before her death.
While we will never face the type of opposition that these former slaves faced, entrepreneurs face opposition of their own. Trying to grow a business is a difficult process for business owners, and even more so if you have bad credit due to your past. However, one lesson entrepreneurs can learn during Black History Month is to never let their past dictate their future. When traditional lenders turn you down for the business loan that you need Tiger Funding is here to help.
Tiger Funding does not require collateral or require you to have a good personal credit score or history. Our approval process is based off of the revenue of your business and the potential for future revenue. If your business has been running for at least 6 months and earns a minimum of $10,000 a month, you qualify to apply. Within 24 hours you will have your results, and if approved you will have your funds within 72 hours.
Small business owners can use the proceeds from Tiger Funding business loans for bad credit any way they choose. We understand that the person who knows where your business needs the cash most, is you. You can use the funds to assist with payroll, expand the company, purchase inventory or market your business, as a few examples.
Business owners pay small loan payments each day, based off a percentage of your daily revenue. This makes repayment easy for small businesses. It is also an advantage for seasonal businesses or those with fluctuating revenue, since you pay less on the days that you make less.
Don’t let a difficult past stop you from finding the future success that you are looking for as an entrepreneur. Be motivated by these stories from Black History Month, and as you remember their history, don’t be afraid to work to make yours better. Complete the Tiger Funding online application today to get started.
