How to Get a Business Loan for Marketing Campaigns

Small Business Loans - 3 Min Read

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Fed up with being the “best kept secret” in your marketplace? You aren’t alone! Across the country, millions of businesses offer superior solutions, but are on the outside looking in – and it’s all because of awareness. Or rather, lack of awareness.

That is, your target customers either don’t know you exist, or they aren’t clearly aware of the key benefits and advantages of choosing you vs. the competition. And so it’s time to launch some high-impact marketing campaigns designed to attract, convert, close and delight your customers, and turn them into loyal, long-term “brand evangelists.”

But…there’s a problem; and it, too, is very common: you don’t have the working capital you need to make it happen. And so you’re stuck in a vicious cycle: you need to launch marketing campaigns to generate more working capital, but without working capital to begin with, you can’t launch marketing campaigns.

Fortunately, there’s a way out of this Catch-22. Simply apply for a business loan through Mulligan Funding. Here are the 3 key reasons why this may be your best move at this time:

1. You can use the funds for any marketing costs – or anything else.

If you happen to qualify for a bank business loan (and as noted, this is a big IF these days), then expect to have severe restrictions placed on how you can – and can’t – use the funds. Yes, you’re on the hook for the money, but banks aren’t about to give you a free hand.

At Mulligan Funding, we’ve always maintained that owners like you are in the best position to drive your business forward. After all, you’re on the front lines and intimately understand every detail of your operations. As such, once your loan is approved, you’re empowered to use the funds to cover the costs of your business loan marketing campaigns, or re-allocate them as you deem necessary.

For example, if your business loan amount is $50,000, you may decide to spend $45,000 on marketing campaigns, and earmark $5,000 to re-invent your website so that it’s firing on all cylinders, looks amazing, and blows away your competition! It’s completely up to you – because that’s the way it should be.

2. The funds will be available rapidly.

Bank loans take months to be approved, and if we’re talking about loans facilitated in conjunction with the SBA, then the waiting period can exceed 6 months. However, the problem you need to solve (i.e. being the best kept secret in your marketplace) isn’t going to get smaller, easier, or less expensive to solve as time marches on. On the contrary, it’ll get more difficult and costly; and it’s not an exaggeration to say that delays could even put your business’s very survival at risk.

At Mulligan Funding, we understand that the speed of business – especially small and mid-sized business – is measured in hours and days; not weeks and months. That’s why we review your business loan application within 48 hours (or less). If you’re approved, and upon your acceptance of the transparent terms and conditions, we’ll have the funds in your account within a matter of days.

3. No Double Fees!

What’s more, if you need additional funds while your first business loan is still active, then you can simply apply for a second loan by contacting your designated funding expert. Usually, all we ask to see is a copy of your recent bank statements. Upon approval, we may even be able to have the additional funds in your account within hours.

And be assured that there are NO DOUBLE FEES of any kind. That is, the funds from your second loan will not be used to pay back the funds from your first loan – yet charge you fees on both.

Learn More Today 

Call Mulligan Funding at 855-326-3564 to discuss your financing options today!

The information shared is intended to be used for informational purposes only and you should independently research and verify.

Note: Prior to January 23, 2020, Mulligan Funding operated solely as a direct lender, originating all of its own loans and Merchant Cash Advance contracts. From that date onwards, the majority of funding offered by Mulligan Funding will be by Loans originated by FinWise Bank, a Utah-chartered Bank, pursuant to a Loan Program conducted jointly by Mulligan Funding and FinWise Bank.