Where to Turn to When You Need an Immediate Small Business Loan
Most of us know where to turn when we need emergency medical care or instant messaging services. The question of where to turn for an immediate small business loan is not always so easy to answer.
In business, everything happens fast, so when there is a problem you will need a quick solution. Waiting or procrastinating could result in the end of your company. That’s why it is so important to know where to turn for an immediate small business loan, preferably before you need one.
How to Get an Immediate Small Business Loan
Many financial institutions advertise that they provide immediate small business loans but all they can really promise is an instant decision. Unfortunately, for most small businesses, that decision will be a big, fat, NO.
In reality, banks and other traditional lenders make it very difficult to get an immediate small business loan. The application alone could take you days to complete. They also require a ton of collateral and a stellar credit history. The most you will probably get from a bank is a business line of credit, but even that could take weeks before you get your money.
Substitute for an Immediate Small Business Loan
To get the immediate small business funding you need, turn to a cash advance company like Financing Solutions (www.fundmypayroll.com). By purchasing your account receivables they can provide you with fast cash right now.
The approval process is quick and easy. It only takes a 15 minute phone call and a few financial documents to obtain same day business funding from Financing Solutions. In fact, more than 90 percent of the businesses that apply get approved.
If you have been in business for at least two years and can demonstrate that your company is successful, you can apply for up to 100,000 dollars in quick business financing from a payroll funding company. The money can be used for any business expense, such as making payroll, purchasing supplies or building up your working capital.
Unlike banks, with a cash advance company, there is no long term commitment or early repayment penalty. You can repay the money in a few weeks or a couple of months.
Ways to Immediately Grow Your Business
The only way your business will thrive is if you keep finding methods to increase profits and grow. There are numerous options to choose from but only you know which are best for your small business.
One idea is to look for complimentary products or services that could fit naturally with your own. For example, if your company sells computers, you might also decide to begin providing software to your customers.
You can also create a marketing alliance, where you agree to share your list of customers with another company. This can be mutually beneficial because you both get a new set of potential clients who may be in the market for your product.
Another smart way to immediately grow your business is to check out Financing Solutions. They are a great alternative for getting the fast business funding you need right now to grow your company.