Alternative financing franchise expands nationwide, just when business owners need it
MCKINNEY, Texas, Aug. 5, 2009 — As banks continue to tighten the reins on who can secure loans, the lack of slack is pulling at the bits of small business owners. But with the national expansion of Compound Profit (http://www.cprofit.com), there's fresh hope for many such companies that need financing opportunities. Founded in 2006, Compound Profit is a Texas-based franchise that now offers funding operations in all 50 states. Compound Profit's model enables companies to obtain working capital and equipment without accumulating debt and giving up company equity. Compound Profit's funding is asset-based through more than 200 private funding partners, creating the welcomed financing for clients – and the success stories that go along with it.
"One nurse-staffing company came to Compound Profit just when the owner thought she'd have to close due to lack of payroll capital," says James Penny, Compound Profit's founder and president. "Financing wasn't possible because the business was new and its credit score was too low. Compound Profit not only provided the payroll financing but also helped this client boost revenue to $250,000+ per month over the next couple of years. We coached her on building commercial credit, so the business became credit-worthy enough to obtain a $250,000 loan from a bank. Through receivable financing, Compound Profit supported this staffing company in achieving this level of success."
Business owners interested in learning about how Compound Profit is different from traditional lending institutions can receive complimentary consultations with one of Compound Profit's "Profit Advisors." With an average of 25 years of business experience, these Profit Advisors provide free business evaluations, outlining how owners can acquire funding, increase sales and profit, lower costs, and reduce risks.
"Our mission is to help small companies across America 'Compound Profit' by providing them with working capital, equipment financing, and powerful tools to grow their business," Penny says. "We don't compete with banks – we work alongside these financial institutions to help them keep their good business customers that may not qualify for a loan. I like to say we help companies in their pre-banking phase of growth."
With its national expansion, Compound Profit is growing to 300 franchised locations across the United States and will employ 6,000 account executives. Applications for 30 new franchise operators and approximately 650 account executives are now being accepted.
For more information, visit http://www.cprofit.com/.
About Compound Profit
Compound Profit provides working capital and equipment to companies, while its "Profit Advisors" simultaneously coach clients on how to increase earnings, and decrease losses and risk. With decades of experience in finance and business, Compound Profit's team empowers clients with the know-how to make their companies profitable and healthy. This approach stabilizes small- to medium-sized ventures and positions them for increased funding opportunities. Launched in Texas, Compound Profit has expanded nationwide and operates under a successful franchise model.
Contact:
James Penny
Founder/President, Compound Profit
Email
877-386-3716
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