The holidays are fast approaching. It’s a time for getting together with loved ones. Perhaps you can even take some time off, or reflect on the joys and challenges of the past year. You may also be wondering if it is time to get a business loan for the holidays.
For most small businesses, the end of the year can be chaotic and frustrating. You must handle holiday bonuses, schedules and business taxes. Getting a business loan for the holidays might be at the bottom of your to-do list. However, it may be the best time of year for this task.
Is it Possible to Get a Business Loan for the Holidays?
In reality, every small business will need to take on debt at some point. During the holidays, this requirement may seem more pressing. You have to deal with excess inventory, closing the books and possible holiday bonuses for staff.
As a rule, a traditional bank will not give you an instant business loan for these reasons. Banks are extremely selective and only grant funding to strong, successful businesses with lots of collateral.
The best you may qualify for is a home equity line of credit. However, you would have to put your home at risk in order to get it.
Is There an Alternative to Getting a Business Loan for the Holidays?
Thankfully, alternative lenders have stepped in to help small businesses when banks won’t. For example, Financing Solutions (www.financingsolutionsnow.com) can provide short term financing or a business line of credit quickly.
If you are looking for funding for the holidays, this is your best option. With Financing Solutions, you can get fast business cash in less than 48 hours.
More importantly, you will not be left with coal in your stocking years later. They offer easy, convenient payment options which allow you to repay the fast business financing in weeks or months.
How Your Business Should Prepare for the Holidays
Is it just us, or do the holidays seem to start earlier and earlier each year? Everything is already pumpkin-flavored, travel-centered or framed in lights. That means it’s time to get your business ready, too.
One step you should take is to refine your email and mailing lists. Purge old addresses and make sure all information is correct and current. You don’t want to waste your time and money with outdated addresses. Sending out useful messages now will help you attract the attention of your target audience. It will also get your name out front. This will make it more likely to be heard above the noise from all the other holiday messages.
You also need to take measures to protect your business. Unfortunately, the rise in shoppers and business deals can also mean an increase in crime. Make sure you have the right systems in place and that your firewalls are up to date.
The best way to prepare for the holidays is with instant business funding from Financing Solutions. This will allow you to focus on growing your business and keep everything merry and bright.
