10 Mar 5 Facts About Business Loans for Working Capital
Stop stressing about tight cash flow and start planning for the future of your business!
When your business goes through a slow season, working capital is just what you need to for a fresh start. Here are 5 facts about business loans that you should know.
They are easy to apply for.
Stay away from business loans with difficult application processes. If you have been in business for at least one year and your is business earning at least $100,00 a year, then you can easily apply for a loan with Financing Your Way. Then all you need is 3 months of bank statements and you’ll be on your way to securing the funding you need. You can even have less than perfect credit, because we partner with direct lenders who are ready to give you the funding you need for your type of business.
They are fast.
When cash flow gets low, you need fast options. You can obtain a loan up to $500,000 in some cases on the same day. Most loans require no collateral and there are early payoff discounts. You can have the money you need when you need it, so your business doesn’t have to skip a beat. Having access to fast funds will help you ensure the future of your business.
You can use it for various purposes.
Maybe you need to upgrade your equipment to increase efficiency in your business or you need to pay some bills – business loans for working capital meet various needs. You can use your loan to buy inventory, so you can have the products you need when your customer needs them. Payroll taxes, delayed customer payments, training for employees, expansion of your business – these are all good uses for a business loan.
There are different types of business loans available.
There’s a business loan that meets your needs. Short term loans, such as invoice factoring lets you capitalize on your outstanding invoices by allowing you to use them as collateral. Traditional loans, cash advance loans, bridge loans – there’s certain to be one that fits your business funding needs.