Why American Businesses Are Using Cash Advances
One of the great things about this country is that anyone can achieve the American dream of business ownership. Many of these American businesses are using cash advances to help grow the companies they started.
Although business ownership is more attainable, getting fast business loans remains difficult. That’s why American businesses are using cash advances more than ever before. Still, it’s important to choose the right lender.
Reasons That American Businesses Are Using Cash Advances
When in need of an emergency business loan, many small business owners still believe banks are the solution. The sad truth is that banks grant less than 50 percent of these types of loans.
Traditional banks must manage risk and answer to shareholders. Therefore, they typically award business bank loans only to top applicants looking for $500,000 or more in funding.
To qualify, you must have tons of collateral and an excellent business history. Even if you have all that, but a bad credit score, your loan application will still be denied.
Where American Businesses Can Get Cash Advances
Most small businesses need less than $150,000 to get through a rough patch or handle an emergency. For years, numerous companies have turned to Financing Solutions (www.financingsolutionsnow.com) for cash advances.
The process is fast and easy. You simply sell some or all of your accounts receivables and receive instant business cash in return. This way, you don’t have to wait 30, 60 or 90 days for them to become due.
You can begin your application by answering a few questions online. Once approved, you can have fast business cash in your account in about 24 hours.
Financing Solutions is the best way to handle your short term funding needs. They offer flexible repayment options so you can pay back the money in a few weeks or months. After all, a temporary cash flow problem should not bury you in debt for several years.
Top Challenges for American Businesses Today
Every business is different, with its own unique set of problems. However, there are some issues that affect all of them. How you handle them may make the difference between success and bankruptcy.
One challenge you have to face is the emerging global marketplace. The Internet makes it easier than ever to sell to customers overseas without much extra capital. This has opened up stiff competition in many industries. It’s important to know your niche, find smart ways to expand your reach and not become over-extended.
Another big issue is employee relations. Today’s transient workforce is increasingly mobile. They expect workplace flexibility and increased wages as well as expanding benefits and office perks. As a result, it can be difficult to attract and retain top talent. You must now find other methods to keep staff happy without breaking the bank. This may include offering opportunities for professional growth and fostering a culture of open dialog.
Perhaps the biggest burden for American businesses is access to fast business capital, which can be obtained from Financing Solutions. They have the financial products you need to make your business dreams a reality.