It is small business owners who face frequent cash crunches. Larger businesses have the law of momentum on their side and can manage situations because of the financial flywheel effect that small businesses lack. Should a small business owner face a cash flow bottleneck his business is likely to come to a halt. If he wishes to expand his business then finding a suitable source of funding can be an uphill task. Even then there are avenues of finances that can be considered to be relatively easier to tap into than banks.
A business owner can easily establish a line of credit up to $ 100000 with lenders other than banks. The interest rate may be high but it does help business owners put their hands on cash and ease their cash flow. It may be in the form of rolling credit in that a borrower can withdraw amounts up to the specified limit, repay them as scheduled and then borrow some more.
Bill purchase is another option for business owners who raise bills of large value. There may be a delay between raising the bill and realizing the amount. In the interim period, he can make do with small business funding provided by institutions that purchase the bill and advance up to 70% of the bill amount. When the billed party makes payment the lender takes his cut and remits the balance to the borrower.
Another option for borrowers who must execute large orders is to go for order finance. If he has a confirmed order in hand he can obtain advance against the order up to 70% of the order value or even more and repay the loan along with interest when he executes and receives payment.
Not all small business owners fall into this category. The Majority make a large number of sales of small value on the cash basis, usually obtaining payments through cards. A good credit record may be obligatory and a poor credit history may be an obstacle. In such cases, they can turn to merchant cash advances or small loans as a means of obtaining cash to pay salaries, pay off vendors, finance expansions, launch campaigns or buy new equipment. Small business funding by wscapnow.com is geared to help smaller businesses thrive and prosper.
The best thing about this type of funding is that it is available at short notice and money can be deposited into the borrower’s account in just 4 to 5 days from making the application. Another reason why this could be the best way to get funds is that it requires minimum documentation, no need for a good credit history and no need for a guarantor. Repayment is just as easy and flexible. It can be spread over one year or three years. If a borrower has a poor credit history then this type of borrowing and timely repayment helps improve his score. Of course, it helps best when the small business owner uses the funds to directly help grow his business.
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.
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