His goal for 2020 is to help 1,000 small business owners gain access to capital to accomplish their dreams of business ownership. He guarantees a minimum of $100,000 for their business needs.
In order for him to achieve this goal, they are administering a grant funded program to assist small business owners in accessing capital. This is accomplished in two steps:
- Identifying the right type of capital based upon all mitigating circumstances.
- Meeting the underwriting criteria of the selected source of capital.
Cage mentions that one of the biggest challenges for his business is that, “About 60% of the population is sub-prime, so sometimes it takes a little longer to get that market approval.”