Where to Get Micro Business Capital for Your Small Business
In business, you see the word micro everywhere. There are micro chips, micro marketers and micro managers. The most important may be micro business capital for your small business and knowing where to get it.
Everyone tends to focus on big business and sizable commercial bank loans. However, most small businesses can be helped significantly by micro business capital. Learn more about this vital business tool to determine if it’s right for your company.
The Importance of Micro Business Capital
There are approximately 30 million small and medium sized businesses like yours. While any business would love to get millions of dollars in business cash, most only need less than $50,000 to grow and thrive.
The truth is that banks are reluctant to provide business bank loans for smaller amounts. Even if they do, the most you can get is a home equity line of credit. This forces you to put your home at risk to save your business.
Studies have proven that more than half of the small businesses that start today won’t be around in five years. The top reason that companies go out of business is that they simply run out of cash. Micro business capital would rescue many of these businesses, if only they knew where to look.
Who Offers Micro Business Capital
If you are an existing business with $350,000 in yearly sales and are looking for $5,000 or more in fast business financing, don’t look to credit card sales for cash advances, uneven cash flow or lines of credit. Instead, turn to a business cash advance company, like Financing Solutions (www.financingsolutionsnow.com).
Merchant cash advance companies have become an increasingly popular destination for companies looking to get immediate business funding. There is typically no collateral requirement and, since they are based on credit card sales, repayment is quick.
With Financing Solutions, you get a simple application process, easy terms and a convenient repayment schedule. Best of all, you get your money fast, often the same day you apply.
Micro economic Factors that Have the Biggest Effect on Your Small Business
Business news often highlights macroeconomics and large scale factors that affect companies, such as interest rates and national productivity. On the contrary, small businesses are mainly concerned with more immediate issues. These small things can have the biggest impact on your business so you must pay attention and get them under control.
One of the most important factors is making payroll. As a small business owner, this is indeed a primary task. When your employees are happy, they, in turn, keep your customers satisfied. You need to find the right small business lender to get access to immediate business capital so you are never caught without enough cash to pay your staff.
Staying ahead of the competition is also crucial. You must keep a constant eye on what they are doing and discover ways you can do it better. It’s also beneficial to learn where they are lacking and capitalize on that. Talk to your customers to find out why they choose you. Promote those aspects that make your company unique.
Of course, the greatest matter affecting your small business is the ability to get fast business cash. With help from Financing Solutions, you can get the funds you need to manage any situation.