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How to Get Same Day Business Funding

There are countless things an entrepreneur must know, such as how to get same day business funding. Even if you don’t need it right away, it is helpful to find out about all kinds of financial assistance, just in case.Jubilant Businesswoman

Numerous tasks can be started and finished in the same day. You can get your shirts back from your dry cleaner, close a deal, or even complete a triathlon. Thankfully, getting same day business funding can now be added to that list.

Is it Possible to Get Same Day Business Funding?

When some people hear the words same day business funding, images of loan sharks and back room gambling parlors may come to mind. The thought of using a reputable lender for a same day business loan may seem like wishful thinking, but it is a reality.

With all the increased regulation and government scrutiny on lending practices, many traditional banks have tightened the reins when it comes to fast business loans. Fortunately alternative lenders have stepped in to fill the void and help small businesses in need of quick business funding.

While there are several options to choose from, your best choice for same day business funding is a cash advance company, like Financing Solutions (www.fundmypayroll.com). They can get you the quick business financing you need in 24 hours.

The process for using a cash advance company is quick and easy. By selling some or all of your account receivables, you can be eligible to get cash based on a percentage of their value. You can then repay the money when your cash flow is stronger, usually in a few weeks or months so there is no long term commitment.

Best of all, most businesses that apply are granted fast approval. As long as you have been in business for at least two years with less than five million dollars in sales, you may be qualified for instant business funding. Therefore, if you require short term business financing between 5,000 and 100,000 dollars, this help is available.

What Can You Do With Same Day Business Funding?

Every business, big and small, needs cash to stay successful. Some small businesses may need cash more urgently than others.

If you deal in account receivables, then you are quite familiar with the account receivable gap, where you have expenses to meet but your clients can take 30, 60 or 90 days to pay. You may also have customers who pay late or not at all. These situations can leave you in a bind and in danger of going out of business altogether.

With same day business funding, you can build a cushion between your financial obligations and going bankrupt. You can use the money to make payroll and keep your employees from walking out the door, pay business taxes to fight off the Internal Revenue Service, or create working capital financing to help prevent future cash shortages. It helps to relieve some of the stress and pressure of paying operating expenses so you can return your focus to growing your business.

Are There Other Options for Instant Business Funding?

It has already been established that a bank is not the place to go for a quick business loan. The most you could hope for is instant approval, but even that is reserved for those businesses with tons of collateral and a stellar credit history.

There are traditional factoring companies that provide emergency business financing faster than a bank. However, they may still take up to six weeks to get your money to you. Even worse, they lock you into a long term repayment contract which could take years to pay off.

Instead of wasting time searching for the right alternative lender, contact a cash advance company. When the ability to obtain same day business funding is all that stands between you and losing your business, Financing Solutions is the company to call.

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