Archive for May, 2010

Small business owners need to find ways for supplementary funding.  Banks are not lending money as easy as before.  You need to search for alternatives.  One way to accomplish this goal is through unsecured business loans.

Unsecured business loans are a means to pay for operating costs without dipping into your cash.  It has an advantage over a traditional bank loan due to the flexibility in repayment and the amount of funding allowed.  For instance, if you need expansion costs covered, but do not have collateral then do not fret.  For unsecured business loans is available for you.  You do not need to give up any personal and/or business assets.  It will not show up on your credit history.  It will solely provide growth and operational costs without putting a tap on the amount needed.  If you need to apply for additional funding than originally planned, most lenders are able to adapt to the situation.  However, a bank loan does not have the same elasticity.  A bank will be rigid with specific due dates for repayments, payment amounts, etc…  You are bound to follow their rules or else you may lose your business, assets and ruin your credit.  Not being stuck in such a predicament is to your advantage and keeps your business protected in the long run.

To find out more about unsecured business loans, talk to a professional today.  He/she will be able to review the pros and cons and find a lender suitable to meet your needs.

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Unless you have been living in an isolated cave with no communication to the outside world, then it is no surprise small businesses are struggling to stay afloat.  Sales and profits are down and businesses need to find a financial alternative to maintain operating costs.  Small business loans could be one answer, but a better answer is a business cash advance.

High Percentage Approval Rates

The chances of getting approved for a small business loan through a bank is slim.  Banks are buckling down on requirements due to the financial crisis the nation is currently undergoing.  Thus, a business cash advance has a higher rate of approvals.  In addition, your personal credit history is not considered for this type of lending.  It is solely based upon your business transactions.  Therefore, your odds of receiving a merchant cash advance are higher than traditional means.

Easy Repayment Options Provided

Another benefit is the design of repayment for a business cash advance.  Repayments are taken out of the monthly credit card transactions leaving the cash you earn free to utilize as you wish.  By creating the system in such a manner, your business is never put to a stop.  It is a continuous flow ensuring your business remains open as usual.  Furthermore, you do not have to take time out of your hectic schedule to meet with lenders regarding payments.  Payments are made automatically.  It is a hassle-free manner providing financial lending to your small business without interruptions.

To find out more talk to a small business loan professional today.  He/she will review the benefits with you ensuring it matches your business needs.

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A business cash advance provides small businesses with the opportunity to receive additional funding in a hassle-free manner.  There is no collateral required, and it eliminates the long, drawn out application and waiting process found with traditional business loans.  However, due to the ease of a merchant cash advance, it has increased in popularity.  There are many businesses popping up offering such services.  But how do you know if you are working with a reputable company?   The following are the top two signs you are working with an experienced and worthy professional.

Communication is Simple

Is the company you chose available upon phone calls or are you directed to voice mail?  This is key to finding an effective company.  You need to locate someone that is present when you contact him/her.  It is shady business if you are never able to reach your contact by phone.  If you cannot reach a live person that is handling your finances, then I would look to another company for assistance.

Anything in Print Should be Worded Clearly

Be leery of the fine print in applications, contracts and/or paperwork.  Comb through it to be certain there is nothing questionable in writing.  Do not sign anything without reading its entirety.  You do not want to get into a situation where you are signing paperwork that was not explained to you upfront.  It could cause your business to go into further debt.  Have a third party read over the paperwork ensuring you are getting exactly what you agreed upon.

If you keep these two attributes in mind, you shall be able to find a company suitable to meet your needs.  Contact a professional regarding additional funding for your small business now.

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