For small and mid-sized business owners, financing can feel like a black box. You know you need it to grow—but between outdated perceptions and bad past experiences, it’s easy to hesitate. And let’s face it: when you’re running lean, wearing a dozen hats, and trying to stay ahead of the curve, the last thing you want is to get tangled in confusing paperwork or wait months for a “maybe.”

That’s where the myths come in. Persistent, unhelpful, and often just plain wrong, they can stop great businesses from making the moves that lead to growth.

But the truth? Accessing the capital you need—on your terms—is more possible than ever.

Let’s break down four of the most common financing myths holding SMBs back and show you how modern partners like FPG are changing the game.

Myth #1: “Financing Takes Months to Secure”

Where it comes from:

This belief traces back to traditional bank processes—lengthy forms, rigid qualifications, and long waits with no clear timelines. Many business owners assume that’s still the norm.

The reality today:

Modern financing is built to move at the speed of business. At FPG, we provide credit decisions in as little as 2–4 hours and deliver contracts within 24 hours via DocuSign. The entire process—from application to funding—can be completed in days, not months​.

Real-world example:

Let’s say you run a construction firm and land a surprise contract that requires a new skid steer. You can’t wait weeks—you need the equipment now. With the right financing partner, that purchase can be approved quickly and structured to fit your cash flow, getting you on the job (and billing) faster.

Myth #2: “Only Large Businesses Qualify”

Where it comes from:

Historically, lenders preferred “safe bets”—companies with established revenues and multi-year track records. That left many early-stage or smaller businesses out of the running.

The reality today:

At FPG, 90% of applicants are approved, many of them small or emerging businesses. Whether you’ve just launched or you’re scaling steadily, financing is within reach—especially due to our direct lending and access to over 50 diverse lending sources​​.

Did you know?

According to recent data, 8 in 10 small businesses use financing to acquire equipment—even those without long credit histories or significant revenue​.

You don’t need to be big. You just need the right partner who understands your business and can match you with the right solution.

Myth #3: “You Need Perfect Credit”

Where it comes from:

Many business owners believe a past credit issue automatically disqualifies them, especially if they’ve been turned down before.

The reality today:

Credit matters, but it’s not the only factor. FPG looks at the whole picture—your industry, business potential, cash flow, and more. Traditional “pass/fail” scorecards don’t always tell the full story, which is why we work with multiple lenders to find structures that work—even for businesses with imperfect credit, since we apply a human approach to lending. You are more than just a credit score.​​

Let’s be honest:

Credit hiccups happen. The key is working with a team that doesn’t just look at your past, but your future.

 

Myth #4: “Financing is Only for Brand-New Equipment”

Where it comes from:
 Some believe that unless you’re buying a brand-new, big-ticket machine, financing doesn’t apply. That’s simply not true.

The reality today:
 At FPG, financing isn’t limited to shiny new equipment. We help businesses finance all types of equipment—new, used, specialized, and everything in between. That includes:

  • Pre-owned equipment

  • Complementary tools (like software, upgrades, or add-ons)

  • Technology to improve customer experience

  • Working capital to support installation, infrastructure, or staffing

Time and time again, we hear, “Wait—you can finance that too?” Yes, we can.

This broader view empowers businesses to think strategically. For example, a med spa might finance a microdermabrasion machine and secure capital to promote it, train staff, and stock up on supplies.

Smart move:
 Financing isn’t just for getting started—it’s a powerful lever to expand offerings, fill process gaps, and improve operations for the long haul.

 

Conclusion: The Right Financing Partner Makes All the Difference

The myths we’ve covered? They’re relics of the past. In today’s environment, small and mid-sized businesses don’t have to choose between speed and service, flexibility and structure, or expertise and access.

You can have all of it—when you work with the right partner who applies a human approach to financing..

At FPG, we believe in removing friction, not adding to it. We’re here to make financing easier, more accessible, and more strategic, whether you’re buying equipment, upgrading technology, or expanding your footprint.

Here’s the truth:

  • You don’t need to wait months.

  • You don’t need perfect credit.

  • You don’t need to be big.

  • You don’t need to buy new.

You just need a partner who’s here to help you grow.

Don’t let old myths stall new growth. If you’re ready to explore smarter, simpler financing that meets your business where it is, we’re ready when you are.

FPG | Real People. Real Expertise. Real Growth.

👉 Explore our solutions or talk to a financing expert today (603) 696-7076.