Express Funding Group
Why Cash Advance is the Best Bet for Small Business Ever since the subprime crisis of 2007, the onus of holding a small businesses afloat has fallen to lenders providing business cash advances, unsecured term loans, and lines of credit to cash strapped small businesses that would otherwise find it hard to remain in operation. While one can choose to find lenders themselves to secure financing, it is better to approach a firm with an experience in securing financing through a number of lenders. You may wonder why you shouldn’t just directly approach different lenders to obtain funds. The answer is a simple one; time and effort. When it comes to financial crunch, time is of the essence and only professionals can help secure the funding for you in as little time as possible. There are several financing experts such as MerchantLoans.com that can help you get a business cash advance in as little as seven days. If you are a small business owner who requires immediate funds to sustain or even expand your business, the key here is to determine what type of funding is better suited for you. There are various factors that determine the need for different funding. •
The first and the foremost factor would be time. As discussed earlier, if one needs an immediate cash flow and cannot wait for the traditional financing options such as bank loans, then a cash advance is a better option as the former can take up a lot of time and effort with no guarantee of eventual funding.
If you have a bad credit history but have a constant cash flow, you can get your funding secured very easily with very little effort and time with a cash advance. Another advantage of the cash advance is that these funds do not reflect on your credit history in case one is wary of bad credit.
For start-ups it is better to choose a line-of-credit as it will be difficult to secure short term-loans or advances as they are meant for existing businesses. Moreover, lines of credit are better for start-ups in terms of the overall ease with which the repayments can be made.
For securing short term loans for small business one needs to have a good credit history but even in cases of bad credit history one can get a cosigner for their loan. This is not ideal for most businesses in the current financial scene. Generally speaking, a cash advance is the best bet for small business because - unlike loans for small businesses - you can get the funds against your future cash flow through credit card transactions; all you need is a set amount of cash flow each month though your merchant credit account. With a little help from a good financing group with a history of securing small business funding, one can be assured of the easiest processing of their funding applicatiion.
A Primer to Cash Advance for Small Businesses Cash advance emerged to be the driving force for small businesses that were struggling to grow or even exist during the recession. There is probably no other funding option that can actually match with a small business cash advance in terms of the flexibility and ease of securing the funds. The most basic requirement is that the business owner must be processing credit card payments. If one finds that they are unable to meet their business needs due to low cash flows, they can usually look up lenders that can arrange funds for your business in exchange for a percentage of future sales. There are many businesses that can vouch for cash advances as they have saved a lot of them from going out of business. This is, in fact, far more lucrative than traditional borrowing options such as bank loans which take ages to process and can involve a significant amount of time and effort on your part. The usual process involved with the banks includes scrutiny of your credit history and several other factors which one has no control over. Eventually the decision to grant you a loan lies with the bank and there is nothing much one can do about it. This is not the case with cash advances as credit history is not considered during the application process. There is some simple paperwork and the processing of the application is done in a single day itself. One can expect funds to be delivered in as early as a week. There are some other options that one may look into such as short term loans for small business which are also unsecured but do need a good credit history on your part. The essence of the cash advance for small business is that it is not a loan and hence does not require fixed repayments. Since cash advances are secured in exchange for the percentage of future sales, the repayment is made according to your sales which can come in handy during weak business periods. The best way to find trusted lenders is through a professional agency that can take up your case to affiliated lenders which helps to save the time and effort it takes to visit different lenders personally. For those new to this type of financing approaching, an agency is a good way to get acquainted with the whole process. This also ensures that one does not fall for unscrupulous lenders that have increased in numbers with the increase in popularity of the cash advance among small businesses. Several small businesses have used it to their advantage by expanding, hiring, and investing the funds they received through cash advance. The cash advance is limited in terms of the amount one can get at a time and the number of business transactions. This is a minor concern, considering one can get funds with no collateral, little documentation, and fast approvals as in the case of reputed agencies such as Express Funding Group.
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: firstname.lastname@example.org Website: http://www.merchantloans.com/
Published on Aug 13, 2013
Express Funding Group offers a wide range of financing programs for small businesses to start and grow their operations. They provide low-in...