Exploring Life & Business with Naushad Shahzad of NRS Capital

Today we’d like to introduce you to Naushad Shahzad.

Hi Naushad, we’re thrilled to have a chance to learn your story today. So, before we get into specifics, maybe you can briefly walk us through how you got to where you are today?
Originally from New York, my early career has spanned across the commercial printing/advertising space, qsr franchise space, and the public sector. I started working in the alternative finance space in 2012 when I joined OnDeck Capital. That’s where I first realized there were millions of underserved businesses that were looking for capital to grow. I’ve had my own business that could have used working capital had I known this type of funding option was available. It’s something I instantly became passionate about from that point forward. I started NRS Capital in 2016 to continue advocating for small and medium businesses throughout the country seeking financing options.

We all face challenges, but looking back would you describe it as a relatively smooth road?
It has not always been smooth. Revenues can be pretty volatile, especially in this business. What happens in the economy affects us tremendously. Some challenges: Not being able to provide an approval to a client is never an easy thing to relay, and it never gets easier. We and our funding partners review each file on a case by case basis and in accordance with funding and underwriting guidelines. And you don’t always get the offer your client is hoping for. It’s always important to set the right expectations when reviewing an application. We’ve suffered losses like so many other businesses have during COVID, but I do believe there will be light at the end of the tunnel.

We’ve been impressed with NRS Capital, but for folks who might not be as familiar, what can you share with them about what you do and what sets you apart from others?
NRS Capital provides financing solutions to businesses seeking access to the capital they need to grow. Through proprietary technology, we and our funding partners make decisions based on the overall health of a business and not solely on a business owner’s credit. We understand that the thought of accessing capital can be a grueling process. We’re here to navigate businesses through the process quickly and efficiently. Our application process is simple and takes 1-2 days. Approvals are made based on a 1-page application and the three most recent months of business bank statements. Traditional banking can’t offer that type of speed, and if a business owner’s credit is below a certain threshold- they are immediately declined. That’s not how it works here, we evaluate how your business is performing. We are here to serve. We are here for all the small and medium businesses who don’t know that funding options are available to them, even if their personal credit is less than perfect. Our minimum requirements are: 1 year in business, 550 FICO, and a minimum of $120k in annual revenue. We do not provide startup financing.

Is there a quality that you most attribute to your success?
Being honest with yourself. Knowing when you’re wrong and knowing how to change- it’s not easy at all. Most people attribute success to their own habits and practices. I attribute every ounce of success I have to my wife. She is my guiding star, my biggest advocate, and my best friend. She never lets me forget my worth, and pushes me whenever I doubt myself. Being a father and a husband is the greatest success I’ll ever know.

Contact Info:

• Website: https://nrscap.com/#apply_online
• Facebook: Facebook.com/nrscap