This post is contributed by Jason Dirkham.
Though there are many different ways to accelerate business growth, the power and influence of funding cannot be underestimated.
While there are many existing funding opportunities for business owners throughout the U.S., those who work within emerging technology sectors deemed critical to U.S. defense should seek out specialist funding from financial services companies such as LEONID.
As part of the DoD Trusted Capital Program, LEONID strives to connect small to medium-sized businesses with trustworthy capital providers to facilitate business growth. This funding can be accessed and utilized by businesses at all stages of development towards small business innovation research (SBIR) and small business technology transfer (SBTT) work, among other tasks. Since 91% of mid-sized businesses struggle to achieve the necessary funding required for growth, this support can be game-changing.
This type of funding is often favored by those working within the technology sector due to the fact that it is non-dilutive. It also provides business owners with access to further development opportunities within their industry or sector.
As explored within the infographic below, What is the DOD Trusted Capital Program?, one of the major benefits of exploring this funding route is that businesses can gain access to the funds they need quickly – often within less than ten days. Furthermore, as capital providers are fully vetted and verified ahead of time, business owners know they’re forming a trustworthy partnership, giving them greater peace of mind moving forward.
Infographic designed by LEONID
