When your company is in the midst of an immediate financial crisis, you don’t have time to shop around for loans and then spend days completing mounds of paperwork. You need a quick and easy application for a short term or emergency business loan and you need it right now.
It is great when you have time to strategize and plan for your future, but for most small businesses, that is a luxury. Usually you are just flying by the seat of your pants and trying to do the best you can. Unexpected events can happen anytime so when you need a short term or emergency business loan, it must also come with a quick and easy application.
Can You Get a Quick and Easy Application for a Short Term or Emergency Business Loan?
A quick and easy application for a short term or emergency business loan will not be found at a traditional bank. You may as well be asking for a lead balloon or any other oxymoron.
Banks and many other lenders require tons of assets and collateral as well as lengthy applications. In addition to the application, you also have to supply numerous documents, such as a letter from your accountant, tax returns, an income statement, a balance sheet, and bank statements. And this is not even a complete list. More might be required if there are additional questions about your revenue or ability to repay the loan.
Worst of all, once you have provided all this paperwork, the bank could still take months to make a decision on your application. If the answer is no, you have to repeat the process all over again at a different bank.
Are There Alternatives to a Short Term or Emergency Business Loan?
Many entrepreneurs believe that a small business loan is the only way to get fast business financing. According to a recent study, approximately 70 percent of small business owners are unaware that there is another way.
A cash advance company, like Financing Solutions (www.fundmypayroll.com), can get you the short term or emergency business funding you need when you are having financial troubles. In addition, the application is indeed quick and easy.
All it takes to apply is a 15 minute phone interview where you will only have to answer 10 questions. Once you supply a few documents, you can have the fast cash you need in as little as 48 hours.
Quick and Easy Ways to Improve Your Business’s Cash Flow
An accounts receivable gap is a huge reason why many small businesses experience cash shortages. Minor tweaks to your business processes could improve your bottom line.
For example, you can offer tempting programs to encourage customers to pay early. Also, you should conduct regular assessments of your cash flow situation so that you always know what is available.
Another way to enhance your bottom line is to contact Financing Solutions. They can help you out of just about any short term or emergency cash situation.
