As a small business owner, you are always looking for new customers and ways to grow your business. These can be achieved if you work hard and manage smart. Nonetheless, when you are looking for a small biz loan, the answers are not always so easy.
Sometimes, you may feel like looking for a small biz loan is the equivalent of looking for the meaning of life, but it does not have to be so complicated. It is possible to get fast business financing; you just have to know where to look.
Where Can You Go for a Small Biz Loan?
Some business owners still believe that traditional banks are the only way to get a quick business loan. However, the truth is that most of them will not qualify.
Banks require you to have an excellent credit history. Also, they expect you to have enough collateral to cover the cost of the loan. On the contrary, if you had those things, you probably would not need a loan in the first place.
You could also turn to traditional factoring companies for assistance. They can give you express business loans faster than a bank but it could still take several weeks before you get your money. Also, they lock you into long term repayment schedules that could take you years to repay.
Is There an Alternative to a Small Biz Loan?
Today, more and more entrepreneurs are skipping banks altogether and choosing alternative lenders to meet their funding needs. Your best option is a business cash advance company, like Financing Solutions (www.financingsolutionsnow.com).
Financing Solutions provides a cash advance for existing businesses with yearly sales of at least $300,000. It is run by two serial entrepreneurs who understand the challenges and difficulties of running a small business. Therefore, they look beyond your credit score and tax statements to get you the fast cash it takes to grow your business.
Unlike other forms of financing, which typically have to be earmarked for a specific purpose like purchasing a building or opening a new location, the money you receive from Financing Solutions can be used for any business purpose. This includes making payroll, purchasing supplies, paying business taxes or taking advantage of new opportunities.
The approval process is fast, meaning you can have the cash you need less than 48 hours after you apply. Best of all, this kind of short term business funding is designed to be repaid quickly. They offer flexible repayment schedules that allow you to repay the money in a few weeks or months, not years.
Looking for Inspiration to Grow Your Business? These Might Help
“Don’t put a ceiling on yourself.” – Oprah Winfrey. There is no limit to how far your business can go. After all, at some point, every business was a small business.
“What is my biggest motivation? Just to keep challenging myself. Everyday I’m learning something new.” – Richard Branson. It’s easy for a business to become stagnant, stuck in doing things the same every day. Don’t be afraid to take risks, try something new or shake things up.
“If you cannot do great things, do small things in a great way.” — Napoleon Hill. This task can be made easier with help from Financing Solutions. They will give you the quick business funding you need to take your company to the next level.
