What’s Better Than a Business Credit Card Cash Advance
You already know that having extra time to pay your bills is better than needing to settle up immediately. Also, cold hard cash in your hand beats credit any day. Therefore, you may be thinking that a business credit card cash advance is the best thing for your company.
When your company is experiencing financial difficulties, you want to find quick business financing to help you out of a jam. Many entrepreneurs turn to a business credit card cash advance, but there is a better option.
The Pros and Cons of a Business Credit Card Cash Advance
You have a business credit card for those times when you need a little extra time to pay. Therefore, getting a business credit card cash advance may seem like a good idea as well.
Sure, you will get the cash now that you need quickly. Also, since it is your own credit card, you don’t have to go through all the usual hassles of getting a business bank loan.
However, with a business credit card cash advance, you may have to pay higher interest rates than you would on a regular purchase. Also, if you are not able to pay the money back by the next credit cycle, you might fall into the dangerous cycle of borrowing from one source to repay another.
Alternatives to a Business Credit Card Cash Advance
Your best option is a cash advance company, like Financing Solutions (www.fundmypayroll.com). They work with all types of businesses to provide the funding necessary to survive and grow.
At Financing Solutions, they look at several factors, other than just your credit score, to approve your application for fast business funding. The process is quick and easy and you will receive an answer in a few hours.
Best of all, there is no long term commitment. You can repay the money in a couple of weeks or months, when your cash flow situation improves, and even receive a large discount.
If you have been in business for at least two years, you may be eligible to receive up to 150,000 dollars in short term business financing. The money can be used for any business purpose, such as making payroll, purchasing supplies or funding expansion.
Tips on Making Your Business Even Better
If you are like most small business owners, you spend so much of your time keeping your business afloat that you don’t often have time to think of ways to make it more successful. Even as a busy entrepreneur, there are things you can do to improve your business.
One thing to do is to talk to some of your vendors about the possibility for a line of credit. This may allow you to get the supplies and materials you need without immediately putting up the cash. With more cash on hand, you can build working capital and take advantage of profitable opportunities that come your way.
You may also want to investigate other markets. For example, if you normally sell your product to contractors, see if it’s feasible to market to homeowners or interior decorators as well.
The best way to make your business better is to get instant business funding from Financing Solutions. They can give you the cash you need to grow your business.