As a small business owner, the ability to obtain fast business financing is vital. You may have seen advertisements for OnDeck Capital business loans where they promise to be your best choice for getting the cash you need, but for many entrepreneurs, this is not really a viable solution.
Just because you see something on television, that doesn’t mean it’s right for you and your small business. Therefore, before selecting OnDeck Capital business loans it is imperative that you investigate all available options.
The Disadvantages of OnDeck Capital Business Loans
Alternative lenders can seem like a miracle for business owners in need of an instant business loan to make payroll or grow your business. While they will give you money faster than a traditional bank, all are not created equal and with some, there are significant disadvantages.
For example, applying for OnDeck Capital business loans are a waste of your time if you don’t have a personal credit score of 650 or better. If you don’t have great credit they will never approve your application. Also, OnDeck Capital will make its approval decisions without ever talking to you, so if you have a good story to tell about why you should be approved, they will never hear it.
What Options Are Available Other Than OnDeck Capital Business Loans
When looking for quick business financing, you need a company that understands the unique needs of your business. For many, the answer is a cash advance company, like Financing Solutions (www.fundmypayroll.com).
Unlike OnDeck Capital, at Financing Solutions, you will always speak to the owners of the company. As serial entrepreneurs themselves, they know all about the trials and stresses of running a small business and are willing to consider more than just your credit score when reviewing your application. In fact, more than 90 percent of those who apply get approved.
They make the process quick and easy and it takes only minutes to get started. You will receive a decision in a couple of hours and can have the quick business funding you need in less than two days.
Best of all, there is no long term commitment. You can repay the fast business financing you receive in a few weeks or months, when your cash flow situation improves, without penalty.
How to Give Your Business New Energy
It is easy for a business to become stagnant. You can be so focused on satisfying the customers you have that you forget to grow. Nonetheless, there are ways to give your business a boost of new energy.
One thing to do is to check out the competition. Pay attention to what they are doing well and where they are falling short. Then, go back to your team and devise creative ideas for how your business can capitalize on this information.
You can also look into developing a customer loyalty program. Offer special incentives for those who bring a friend or make referrals. Satisfied customers make the best cheerleaders for your company.
The most important way to build new energy is to contact Financing Solutions for short term business financing. Once you have enough cash now to grow your business, the sky is the limit.
