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!!
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