subject: Qualify For Needed Business Cash Advances Now [print this page] Does your establishment need a rapid injection of money? Is speed important? Receiving working capital can be difficult for new businesses that have not had the opportunity to establish themselves financially. Even if your company has been running successfully and is illustrating a rise in profits every month, a conventional lending institution is not likely to take a chance on your company.
While the data illustrate that small businesses are no more probable to fail than other businesses at the five year mark, the mental perception is that they are a lot less stable. That translates into additional hurdles when trying to obtain money, especially when you don't have time to waste. If you have lots of time, it might be worth trying a local bank, but otherwise, consider turning to business cash advances funders.
Access to business cash advances is one of the many services a business cash advance broker provides. As long as you have been open for longer than a couple months and have a statement of credit card receipts, you can work out a factoring agreement with the funder. This agreement involves you selling a small portion of your anticipated credit card receipts, for a discount, to the funding company in exchange for needed cash in your bank account today.
So, how can you use your advance? That is another key factor of acquiring needed funds this way. You can do whatever you deem is most crucial to your company at that moment. Even if you thought you wanted to invest in a certain item when you started, a different aim may have arisen since.
With a regular loan, you can only use the money for the purpose you mentioned on your company's application. With business cash advances received from a working capital professional, the choice is yours.
With a fast turn time, flexible repayment, and the liberty to use the funds to their best advantage, it sounds like a business cash advance is the way to proceed.
by: Rodney Rabah
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