Savvy businessmen rely on the dictum “other people’s money” to move ahead and up the business ladder. Which is why, even if they have property or assets, they do not sell it to raise money in order to start a business or to meet needs of funds when they are up and running but come up against bumps. They may mortgage assets and get loans or, better still, opt for unsecured loans from various sources. A whole world of business financiers is waiting for businesses to knock on their doors and ask for funds. Why way to go?
SBA Financing
If time is not of the essence then SBA loans are the way to go. These are government backed loans with the low rate of interest. One can get a loan under 7A program for special requirement, access the microloan program for short-term requirements or go in for CDC/504 loan program for long-term financing for expansion or modernization. The downside is that one must be prepared for paperwork and delays.
Working capital financing and order purchase or bill purchase
This type of financing gets money in the hands of a small business owner against orders he has received or bills he has received or just a rolling sort of credit for working capital. The downside to this is a high rate of interest.
Merchant cash advance
Lenders usually advance amounts to businesses that are already in existence and link repayment to daily card sales at a usurious rate of interest that could be as high as 50%.
The downsides to the above forms of business financing services are that either there is a delay in obtaining cash or one has to be prepared to pay a high rate of interest. On the other hand, there are easier methods of obtaining finance such as business financing by wscapnow.com, a painless and quick procedure to help cash-strapped businessmen get the vital oxygen to help them breathe easy.
Financing is more than just providing funds. Small business owners usually lack a solid business plan based on business intelligence or future thinking because they are too busy running a day to day operations. If they need cash they borrow and repay, even if it means shelling out more interest than they should. Wscapnow helps businessmen not only with cash but with guidance that will take them to the next level, which are growth and a healthy bottom line.
One can opt for merchant cash advance but at a much more considerate and reasonable factor rate, with no upfront processing fees or any unpleasant hidden charges. One can ask for a small business loan on soft terms and get it on repayment terms of 1 to 3 years. There is no need to have an exemplary credit history, furnish collateral or undergo extensive paperwork. Experts guide borrowers on what will be best and if MCA suits them, then they provide card processing terminals at no extra cost. Lenders who work on the premise that it is not worth killing the goose that lays the golden egg do prosper along with their clients.
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.
Content Source:http://www.wscapnow.com/
0 comments:
Post a Comment