Page 1

Express Funding Group

Loan for Small Business – Expert Tips on Short Term Business Loans Whether you are starting up a new business, have growing pains, or looking to expand with the aid of some working capital, a loan for small business can definitely help. Accumulating a loan can let you have a steady cash flow that keeps your business running the way it should, earning you financial stability. When the economy is booming, money may come pouring into your business; however, what if the economy turns down and your sales figure drops dramatically? You have to keep your business running and deliver the highest levels of quality to customers. In fact, that’s what is most needed during a recession. It is important to create a demand in the market, be it via advertising or push marketing. And this is where loans for small business come in most handy. So, how can you secure short term business loans? First and foremost, it is important that you start planning for a loan now; don’t wait until the last minute for the unexpected to leave you devastated. When it comes to small business financing, you should plan ahead. As a businessman, you should measure the risk well before, and likewise, plan your budget and financing options. Prepare a cash flow statement for the coming six months and make sure that you revise it at the end of every month. At any point of time, if you feel you will run short of capital three months down the line, start applying for loans instantly rather than waiting for the crunch situation to hit your business. Next, get the financial records of your business in place. It is true even if you don’t need small business funding right away. At the same time, try to build on your credit worthiness as well. Your lenders will thoroughly scrutinize your financial statements and credit report of the business prior to sanctioning a loan. If your financial statements are in place and you have been regularly paying off the debts of your business, getting a loan at a lower rate of interest can be very simple. You can also establish credit for your business in the way of a delivery service account, store account, or perhaps a business credit card. Typically, small business lending is available in lieu of collateral. This serves as a security in case you fail to pay off the debts. However, there are many banks and financial institutions who also offer business loans without any collateral. In that situation, you may be required to pay a higher rate of interest as against that of a mortgage business loan. Moreover, your credit worthiness will also be given importance in case of no-mortgage loans. Another fantastic way is to secure a business cash advance. There are several banks and financial institutions that offer a cash advance such as, especially for start up businesses, and at a lower rate of interest. It all depends on your relationship with the bank, credit worthiness, and ability to repay the debt that determines the type of loan for small business that you are eligible for, and of course, the rate of interest and loan amount.

Contact Information :: Express Funding Group Address: 6901 Jericho Turnpike, Suite 218 Syosset , New York United States, 11791 Phone: (800) 505-8117 Toll Free Fax: (800) 861-1442 Email: Website:

Business Cash Advance  
Business Cash Advance  

Express Funding Group is the best source for immediate business cash advances and loans for your small business needs or for a financial gr...