"I won this contract, and it was like 300k of 3D printers and laser cutters right out the door. And I looked at my bank account and I was like, 'That's not a thing.'"
Does that sentiment sound familiar? If so, you're in great company- like Brad Halsey of Building Momentum. On a recent visit to our office, Brad told us all about how StreetShares helped his company out of a tight spot with a government contract, and how business financing set him up for success and growth from there.
"So the story actually started a couple years before that. I was the embedded nerd for the army running around Iraq in 2008 and trying to play MacGyver. And then after I got done doing that, I started training people on how to do that. Then all of a sudden, the Marine Corps came up and they're like, 'We want all the things and that requires like, all the stuff.' I mean, I wanted this contract, and it was like 300k of 3D printers and laser cutters right out the door. And I looked at my bank account and I was like, "That's not a thing," said Brad.
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"I ended up getting the StreetShares loan, buying all the equipment, invoicing for the equipment, paying the StreetShares loan back, closing that loan out, and then PNC sent me a letter saying they declined me."
Want to invest in your small business, but need funding? It’s time to look at what types of financing are available. We take a deeper dive into financing for small business in this ebook, “The Basics of Small Business Financing.” Learn more specifics about how to get a small business loan, how to open a business line of credit or get government contract financing.
This communication is provided for informational purposes only. It is not intended to be an advertisement, a solicitation, or constitute professional advice, including legal, financial, or tax advice, nor is StreetShares providing advice on any particular situation. This is not an offer of credit. All applications are subject to approval, no guarantee of funding.