Is Merchant Cash Advance Suitable For My Small Business?

Business is about taking risks. Success depends on taking carefully planned and calculated risks. Even then anything unpredictable can cause a flat tyre and the vehicle of business stops moving. An Interruption in smooth cash flow, especially for small business owners, can be a time of endless worry. Invoices remain unpaid while creditors press for payments, is a common enough scenario. Then there are business owners who may want to take a small risk such as launching a marketing campaign to grab a higher market share during festival seasons or expand the business, buy real estate or new equipment. Traditional sources of funding may not be available in all such cases or may not be available fast.

This is where merchant cash advance seems so attractive. Is it really so? Wise business heads advice against falling into this trap unless one plans carefully. The simple reason is that going into debt to pay debt only results in more debt. Prima facie, MCA may not be the best option for small businesses. If one looks deeper and thinks carefully, it could be a perfect choice. Here are reasons why one should consider best merchant cash advance by wscapnow.com, a premier cash advance business.

• Cash, as much as $ 200000, is available on making a simple application with supporting documents such as identity proof, residence proof and proof of ownership of business. No collateral or mortgage is required in case of MCA.

• The Borrower gets to cash in his bank account in 3 to 5 working days from date of submitting the request online or offline.

• Repayment is flexible and is a percentage of daily card sales, weekly or monthly fixed amounts. If sales boom, repayment amount increases, and advance are paid off in a shorter time and vice versa.

• With MCA businesses can use the cash to give a boost to their business and grow fast.

For the MCA to be suitable, the owner must have a running business with minimum monthly sales of $ 10000. He must also have a good business plan and must calculate as to whether the daily or monthly repayment schedule will not put him in financial difficulties.

This type of cash source is not for small businesses if:

• They are in a debt trap and are seeking funds to pay off a creditor without considering how they will meet the commitment.

• They are not generating adequate business that will generate sufficient funds for repayment.

• They are in a line of business with plenty of competition and slim chances of growth or even survival.

• They do not have solid plans for business growth, diversification, and expansion.

A Cash advance can be obtained with ease. Using the cash wisely to grow the business is worthwhile. Even if one is reaching for this source of capital to tide over emergencies, one must have adequate receivables to know that they will be back on an even keel once debtors make payment. The source from where one obtains advances is also important.

It is easy to apply for Water Street Capital’s best merchant cash advance. Just fill in the form online and initiate the process. Our rep will take it from there.

Content Source: http://www.wscapnow.com/blog/

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Business Financing Services - A Brief Introduction

For small business owners the going can be quite tough when it comes to financing but not an impossible task. Savvy businessmen find out the best sources of finance and leverage them to grow using the basic principle of “other people’s money”. The trick is to get finance at the lowest rate and on the best terms, which means looking at various business financier and their services.

There are different kinds of business financing services that small business owners can turn to for their requirement of funding. One is the secured funding for which a borrower usually furnishes a guarantee and collateral. The interest rate is low and repayment may be extended over 3 to 5 years but it takes time for applications to be approved. Banks may even reject applications. The second type of business funding service is one that offers unsecured business loans and cash advances.

Even in this category, there are differences. One financing service for small business may offer unsecured advance or loan but repayment may be strict, the interest rate may be cripplingly high and they may add their own “fixed” charges. More reasonable services offer flexible repayment terms, affordable interest rate and may even waive fixed fees. After all, they are making money from interest are they not?

There is more flexibility in financing services for small businesses. Lenders may advance a lump sum amount. Repayment may be linked to daily credit card sales as in the case of MCA, or one can negotiate a fixed monthly interest. The Rate of interest may be fixed or may be variable. Borrowers can also seek alternate funding methods from such services. This can be in the form of invoice credit. Invoices may be outstanding and lenders will advance cash against such outstanding invoice, which, when paid, are credited to the borrower with the lender taking back the amount he advanced plus charges.

Borrowers can even look at various other options if they are not in immediate and dire need of cash from business lending organizations. For instance, one can arrange a line of credit, which means the borrower need not withdraw the amount sanctioned immediately but has it on hold should ever need it such as making payments for purchases as and when required. Borrower benefits since he does not have to divert funds from routine cash flow to fund purchases and he can make payment in installments or pay the entire amount after a fixed period during which time he can utilize his funds for revenue generation. Business advances also consider requests for cash to finance marketing campaigns, renovation of premises, purchase of equipment and other needs. The cost of money is high in unsecured methods but, if a savvy business owner plans it right, he can well afford it and also make a profit by the infusion of cash.

One can get small business financing services from wscapnow.com, with access to expert consultation to help plan a business better and grow.

Apply now to water street capital. Just fill in the form online and initiate the process. For more details contact us, email us info@wscapnow.com or call us: +1-800-589-4161.

Blog Source: http://www.wscapnow.com/blog/

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Ask These Top 5 Questions When You Choose Small Business Funding

A small business owner may find himself in a situation when he needs cash immediately and does not from where to get it. First, available source is not the one to jump at in such circumstances since the unscrupulous lender may charge fees and a higher rate of interest that adds to the cost of borrowing and results in higher repayment. A wise businessman, even though he needs funds urgently, asks some questions before signing on the dotted line.

Ask him how much he really needs, for what purpose and can he repay it

It is easy to take money when it is offered without any security. However, one of the first questions to ask when choosing small business funding is not the interest or charges but whether the borrower can manage the extra repayments without disturbing his cash flow.

How fast money is made available?

One of the main purposes of small business funding is to get money and get it fast. Ideally, money should be in the bank account of the borrower within 3 days of submitting an application online or offline. In reality, it may take 4 days or so.

The terms of financing?

The biggest burdens of small business finance are the fixed charges, service charges, and the interest rate. The interest rate can be crippling. One must look for a lender who charges a reasonable rate of interest and waives any fixed charges. Another of the terms to look at is the repayment schedule. Considerate lenders are flexible and offer customized terms to make life easy for the borrower.

Eligibility criteria

Does the lender offer to finance for small business with bad credit? Do they ask for collateral? Lenders who are pro-borrowers will not insist on the borrower having a credit score of 700 or higher. Even businesses that are facing temporary setbacks with poor credit should be eligible. Collateral is another thing that should not be insisted upon because, as any lender knows, people who opt for this type of financing usually have their property mortgaged or under lien. Select lenders with an understanding approach to eligibility criteria.

What happens if unforeseen events impede regular repayments?

Get this clear before making a commitment. Some lenders can be quite rigid. Others, such as wscapnow, are more considerate and will have workarounds to manage contingencies. A lender who is interested in seeing his client grow rather than simply making profits is the one to select. If that lender also offers consultations then it is so much better for the borrower.

It has been noticed that thoughtless selection of a source of small business capital often results in more problems cropping up that could be difficult to handle. Obtaining clarifications before selecting a source of finance is worth the effort, not only in the short term but also for long-term business growth. Wscapnow and its team, with experience and knowledge of markets and all possible scenarios, go all out to assist their clients to fulfill their purpose when they seek such finances.

Apply now to water street capital. Just fill in the form online and initiate the process.

Blog Source: http://www.wscapnow.com/blog/

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What You Need to Know About Unsecured Business Funding

The landscape of lending has been evolving and it has dramatically evolved into a more conducive environment for small business owners. At one time they had to go to regular sources with consequent delays or possibility of denial on the one hand and, on the other hand, loan sharks who made a bad situation worse. In recent times there has been a spurt in the availability of unsecured sources of funding. There is no need for businesses to fold up and die simply because cash, the lifeblood of commerce, could not be injected in time.

Unsecured funding is proving to be the best alternative to regular channels, even if it comes at a higher cost. What is an unsecured business funding and how does one go about obtaining it?

Most loans are offered by financial institutions against some collateral or a personal guarantee or mortgage of property or hypothecation of stocks. The Unsecured loan, unsecured business funding, an unsecured business line of credit are some of the terms used to describe this type of financing.

The chief attractions and characteristics are:

The Borrower does not need to furnish any personal guarantee, collateral or mortgage property or other assets. If he is a startup, the potential lender considers the viability of the project and invests funds, as venture capital and angel investors do, in return for the share of profit or share of business. Unsecured financing is even better for existing businesses since they retain full ownership and are sole arbiters of how to run and manage their business. The loan amount is disbursed based on turnover and demonstrable repayment capability.

A borrower need not furnish a solid reason or submit a project report or business proposal to be eligible for the unsecured finance. He asks for and gets the amount he needs. Interest rates may vary from fixed to variable types and from 0.5% p.a. to above. The Repayment period may be one year or two years and minimum loan amount is around $ 5000 while maximum may be $ 200000 or more. The loan may be a term loan, a short term loan with repayment schedule less than that of the term loan, or an overdraft facility or a line of credit.

One of the best features of unsecured finance is that it is available quickly. A prospective borrower submits only the minimum set of eligibility documents such as proof of ownership of business, proof of identity and residence and bank statements. He can do it online. The application is reviewed and approved within 48 hours and loan is credited to the bank account of borrower usually within 3 days.

The eligibility norms are simple for unsecured funding for business. One must have a running business, preferably with monthly revenues of $ 10000.

However, it is important to keep in mind the fees charged by lenders, the ongoing charges, and the interest rates. One must understand the difference between fixed and variable rate of interest and clarify upfront the fees the lender may charge, the exit fee and termination fee, if any. These can add up to a substantial amount if care is not exercised in selecting the right lender.

Apply now to water street capital. Just fill in the form online and initiate the process. For more details contact us, email us info@wscapnow.com or call us: +1-800-589-4161.

Blog Source: http://www.wscapnow.com/blog/

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How Do You Get Loans For Your Small Business?

Any port in a storm is good enough for someone about to drown. This can happen to many small businesses faced with a sudden cash crunch. Regular channels of finance may not be available or it may take too long for approval. A lifeline is needed at such moments.

Business loans prove to be the perfect lifeline for small business owners who have to juggle finances while planning for the next big step ahead. This is where they can opt for the small business loan by wscapnow.com on soft terms. Such loans help in a variety of ways. A business owner can think of launching a marketing and ad campaign for the approaching festival season and grab more customers. He can think of expanding production or achieving cost efficiencies by installing new equipment. He can use funds to buy inventory. Assuming a small businessman already has availed of loans from other channels how does he go about procuring another one and that too without collateral, and in a short time? A few simple steps are all it takes to procure loans up to $ 200000.

Step 1

Step one is to put together the necessary documents. No, it does not involve filling in lengthy forms and preparation of a detailed project report. It is only necessary to put together the latest bank statement for the past six months, proof of residence, proof of identity and proof of ownership of business. Credit rating is not a factor for eligibility. Even bad credit businesses can obtain finance the easy way.

Step 2

Find the right lender. Lenders of this type of funding for small business vary. Some can charge exorbitantly high processing fees and APR with inflexible repayment options. Some, like wscapnow, offer flexible and customized solutions for small business capital with the lowest terms. These are the ones to select.

Step 3

The process is simple. One simply fills out an online form and submits scanned copies of the documents. Lender contacts borrower and initiates the process. Applicant fills out paper forms and submits documents through courier and receives approval within a day or two and the amount is credited to borrower’s bank account directly within 3 to 5 days of making the application.

How does one repay the loan?

Borrowers are presented various options such as daily payment as a percentage of their credit card sales or a daily fixed amount, a weekly repayment or a monthly repayment over 3 to 36 months.

Before going this route one must seriously consider how the funds will be used and will they be able to repay it without affecting their cash flow. The smart thing to do is to get planning advice from experts (available at wscapnow) and have a solid plan to use funds to grow sales and thus meet the extra commitment without any undue hardships. That way, even if the cost of money is high, higher earnings offset it and contribute to long-term growth.

Apply now to water street capital. Just fill in the form online and initiate the process. Our representative will take it from there. Let’s get started today for a brighter tomorrow. Contact us today!!

Blog Source: http://www.wscapnow.com/blog/how-do-you-get-loans-for-your-small-business/

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The Top Merchant Cash Advance Services of 2017

It would be difficult to find a business that does not face cash problems every now and then. For larger organizations, liquidity is not much of an issue since they always have lenders on tap. Small businesses run by individuals find the going tough because they are perceived as high risk. Instead of regular channels, they might find the non-conventional methods of funding small business to be a better option.

The number of such small businesses facing cash crunch is on the rise and so is the number of merchant cash advance services that provide immediate funds on easy terms to these borrowers. Competition is hotting up. It would seem that businesses with bad credit or in a tight situation would have to take what is doled out to them. Not any longer. There are dozens of such services and they are all competing with each other to get more business. The best merchant cash advance service of 2017 may not be the one that hands out cash immediately, no questions asked. Customers do ask questions and should.

It is not a take it or leave it situation for borrowers. The top MCA service for this year is the one that is transparent about its terms, the rate of interest and other charges. Many such services do not truly disclose the rate of interest and charges until a prospective borrower submits his details and a credit check takes place. The Borrower must know beforehand about the terms, not terms based on credit rating. The fees and repayment cost should also be clear from the outset.

Simply providing cash when needed is one thing. Small businesses may opt for MCA simply to meet immediate needs without taking into consideration the larger picture. Enterprising and innovative businesses look at this type of cash source as a way to fund campaigns, modernize equipment or to invest in an activity that will produce more revenues. They may lack knowledge so the best MCAs are not just people who advance cash, but people with expertise to analyze a client’s business and offer consultation on the wise use of funds to avoid debt traps.

Responsiveness and speed of processing applications also count for a lot, especially when a borrower needs immediate funds. The Delay is as good as denial. Cash can act like oxygen and fast response saves the day for a grateful business owner who will then return for more funding to grow the business.

The world of cash advances is changing. From simply considering it as an avenue to exploit small businessmen and make high profits, it is undergoing a transformation to being one of the best alternative sources of capital in this year. The trend is likely to continue. Studies at wscapnow show that the number of defaulters is less and that those who have obtained consultations have managed to use funds to rise rapidly or to diversify. American small businesses can now make ambitious plans and wscapnow, the best MCA, will be there to help, today and tomorrow.

For more details contact us, email us info@wscapnow.com or call us: +1-800-589-4161.

Content Source: http://www.wscapnow.com/blog/the-top-merchant-cash-advance-services-of-2017/

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