Why Kabbage Line of Credit Product is Not Good
As a small business owner, you obviously have a good head on your shoulders. It may help to know upfront that the Kabbage line of credit (LOC) product is not good for small business.
When seeking instant business funding, there is much to consider and lots of research to be done. You should take the Kabbage line of credit product off your list of choices. This is a smart decision for the future health of your company.
What Makes Kabbage Line of Credit Product Such a Poor Choice?
The Kabbage business LOC product has many problems. One of the biggest issues that Financing Solutions has heard from their clients is that Kabbage product is very expensive.
In addition, they will ask for large monthly repayments that hit your business’s account when you are least expecting it. On the contrary, Financing Solutions (www.financingsolutionsnow.com) is much cheaper and can be paid off at any time.
Why a Line of Credit from Financing Solutions is better than Kabbage
Every business needs access to cash but where you go to get it matters. With the line of credit products from Financing Solutions, you can get $5,000 to $100,000 inexpensively and easily.
This unsecured small business line of credit can be available for up to 12 months. Financing Solutions offers low interest rates and there is no interest charged on the unused portion of the line.
More importantly, once you repay the money you draw from it, the funds become available again. Getting this type of fast business funding is ideal for handling emergencies, making payroll and managing uneven cash flow.
Good Business Advice to Live By
When you run a small business, you need all the help you can get. Sometimes, the biggest problems you are facing have already been solved by others. However, you don’t often have time to seek out individual people for singular advice. The following recommendations may help to give you guidance.
“Do what you love and the rest will come.” Foursquare CEO Dennis Crowley
While dealing with the daily stresses and challenges of entrepreneurship, it’s easy to forget why you got started on this path in the first place. Take a minute to reflect on what you originally wanted to achieve. Bring everything back to that. This will help you sharpen your focus and make the best decisions for your business.
“Stop being scared, and jump.” Rehan Choudhry, founder of Life is Beautiful
There will never be an ideal time to take a risk. Instead, you must follow your gut. If you wait until you get that big project, hire more people or have an exact sum of cash, you will miss key opportunities.
“Find a way to say yes to things.” Google executive chairman Eric Schmidt
Having positive cash flow can make you more confident about business decisions. You can achieve this by getting a business line of credit from Financing Solutions.