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Are You Ready to Apply for Unsecured Business Funding?

Unsecured Business Funding

What many people do not appreciate is that small businessmen are often innovators. They see business opportunities where others see roadblocks and challenges. However, financial acumen is not their strong point. They start a business with great enthusiasm and, along with the road, face cash crunch. Regular funding is not available because banks do not look at innovations and ideas but at the more prosaic part of repayment capability.

This is why such innovating businesses will find unsecured business funding by wscapnow.com the perfect source of finance to fuel their ideas and growth. Wscapnow considers the businessman, his ideas, and his capability to grow while scrutinizing a request for unsecured business funding. In the process, they advise prospective borrowers if they are ready to apply for such funding or whether they should be better prepared.

Small Business Funding

One part of applying for funding of the unsecured kind is to put together basic documents such as proof of identity, proof of ownership of business, proof of residence and bank statements. One can obtain funds on submission of these documents. However, a proper plan must be in place for efficient utilization of these funds to generate more revenue, not just pay off debts or meet temporary needs of funds. This is what makes borrowing from such sources a meaningful exercise otherwise one can well land in a debt trap.

Should prospective bright businessmen approach wscapnow, his application receives scrutiny and he is also interviewed by a professional. What transpires is that experts at wscapnow look at the business potential of the borrower and his innovative ideas, if he has any and shows him how these can be translated to revenues. The wscapnow advisory includes preparation of a strategic plan as well as market research backed consultations in order to make optimal use of unsecured financing for revenue generation.

Unsecured business funding is expensive. For every dollar borrowed, the borrower may end up paying a dollar and a half or even more. The trick is to use a dollar to generate twice that amount in business. This way repayment of interest does not affect cash flow or impose a burden. One only pays out of earnings and even then has plenty to spare after repayment.

Unsecured Business Funding

Why does wscapnow go to this extent? The answer is simple. Analysis of past such borrowings show that when there is a plan in place and borrowers receive proper guidance, they make good use of money to emerge from debt and generate more revenues. Those left to their own devices usually do not progress quite as rapidly as those who have the assistance of experts and their advice on growth strategies based on unsecured cash infusions. In fact, some businesses chug along and owners do not wish to switch to the fast lane, a chance that unsecured business finance offers. Wscapnow shows them how to get ready to switch gears, apply for business funds and how to use them. The best thing is that all such expert guidance is free.

Apply now to water street capital. Just fill in the form online and initiate the process or you can check the PDF form. For more details contact us, email us info@wscapnow.com or call us: +1-800-589-4161.

Blog source: http://www.wscapnow.com/blog/are-you-ready-to-apply-for-unsecured-business-funding/

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Get Risk Free Loans for Your Small Business

Business can never be successful without financial aid. Investment in business is a must. Even if you have some savings, it is better to forget about it. Instead, go for the trade loans from financial institutions and banks. This will be convenient and profitable for the businessmen. Do you think a loan is a risky product? Don’t worry at all. The representatives at small business finance institution will provide each of you with the risk-free loan. Every businessmen and partner have big dreams. But these dreams cannot be fulfilled without appropriate funding.

How is small business loan risk-free?

If you have nothing as a security, the loan disbursing company will ask for the property. This means you have to keep your property paper as the mortgage in exchange for the loan. This really very risky as the bank or the financial institution will take away your property if you fail to repay the business loan amount back. There will be risk factor even if you fail to pay once or twice. But the small business loans are totally risk-free. You don’t need to keep any property papers as the mortgage. But the financial company will make sure that you are paying the loan amount in regular installment. There are a lot of sources to get a loan at a rate this is affordable.

Small Business Funding

Varied purpose of small finance loan –

You can now get such loans for many purposes. Following are a few of the reasons for which the loans are required

Financing project –

Each and every business house boasts of a target. For example, if you are dealing with garment supply, orders from the clients will be mandatory. Once you get the project, funding is required. This is the time you will require the small business loans. You have to purchase the material and then sell.

Finance for equipment –

Some businessmen also deal with the equipment. If you are one among them, loans for the equipment finance is an important fact. The microfinance companies are here to satisfy your unique needs. You can take the loan for your raw material purchase.

Operation cost –

If you are running a business, definitely you must have an office. There are so many operational expenses you need to bear in an office set up. Do you have salaried employees? Even if your business runs in no profit for few months, you have to continue paying them a salary. The rent of the establishment, electricity bill, telephone bill as well as the office maintenance costs must be borne. The small business funding providing institutions can help you in paying such expenses.

Small Business Loans

The above points are enough to know the finance requirement in a business firm. There is no security need for such type of loans. You can now get in touch with the financial institutes on the web (online). There will be no worry in business with such loan and flexibility of repayment.

Apply now to water street capital. Just fill in the form online and initiate the process. Our rep will take it from there. Let’s get started today for a brighter tomorrow. Contact us today!!

Blog source: http://www.wscapnow.com/blog/get-risk-free-loans-for-your-small-business/

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Learn How to be Prepared to Apply for a Small Business Finance

Before applying for any type of loan, a budget is important. The actual financial position of a business is important to find out. Also, the financial goal of a business will be met out with the budget. This will ensure spending that much of money in the trade which is needed. Once you are done with the budget, think about the portion which you can bear. The rest amount will be extracted from financial companies. There are some preparation processes before applying for micro finance loan.

Preparation steps for small finance loan –

You need to go through certain steps before getting small business finance. Preparing self is the first step. Following are some points which you can follow:

1. Get ready with all Information –

The small finance providing company will need your information before sanctioning the amount. Your personal information, company profile, partners involved in business etc. must be placed in the written form of application. You have to provide more facts if asked by small business finance company.

Small Business Loans

2. Search for small finance company –

You can now find many micro finance institution and banks that provides finance for small business and enterprises. But, you cannot borrow money from all. It is better to have a look at each of their profile. Go for the one that is easily accessible and have low rate of interest.

3. Decision on how to apply –

There are several ways of applying for the small business finance. You can go to the local micro finance company and apply. Otherwise online application option is also present. These days’ people are searching for easy and effective way.  Most of the folks are going for the online application method.

4. Desired loan amount –

Sometimes people starts applying for the finance but struck in the option where the loan amount should be mentioned. It means they have not decided upon the loan amount at first. This is a vital decision you need to take while preparing for the loan application process. You have to know how much you need to borrow.

Small Business Finance

5. Review application –

Once you have filled up the application form, the next step is left. You need to review the application one by one. Starting from the top point you have to review what you have written. You must ensure that each and every data you have provided is true as well as genuine. It is always good to follow the best practice.

The lender of the finance company will verify the facts. The documents and the photocopies you have submitted should not have any flaws. There should be no discrepancies between the information written in the form and the facts in documents. These above-mentioned points are very important to apply for small business funding.

So do not hesitate, just make contact with the lending firm like WATER STREET CAPITAL and apply for your loan. For more details contact us, email us info@wscapnow.com or call us: +1-800-589-4161.

Blog source: http://www.wscapnow.com/blog

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What are the ways to improve your chances of getting a small business loan?

Small business owners have several ways they can obtain finance for their business. One is the regular route that comprises of banks and lending institutions and the SBA. The advantage of these regular channels is the low rate of interest and an extended repayment schedule that reduces the burden on the borrower. Borrowers may be required to furnish a guarantee and collateral. The process is not fast and such lenders usually have a number of norms by which they judge the borrower. He must have an exemplary credit record and his documents must show that he will be capable of generating sufficient revenues to repay the amount. The process does take some time.

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For businesses that cannot follow this route, there are alternative options such as merchant cash advances and small business loans. Compared to regular channels these two options are considered easy for a number of reasons:

  • A borrower need not prepare and submit extensive documentation such as project report or even the audited balance sheet and profit & loss accounts. He only needs to submit a bank statement, his identity proof and residence proof and proof of ownership.
  • No guarantee or collateral is required.
  • Money is made available within 4 to 5 days.

There is a catch. An interest rate is high. It can go as high as 50% or a minimum of 20%. The rate of interest is pegged on the risk factor as evaluated by the lender. Repayment may be short, which means a higher monthly or daily burden. The borrower must already be in business and must have minimum monthly sales in order to be eligible.

So, how to get a small business loan on the best terms?

Anyone can borrow provided he is in business, has minimum sales as required and can furnish the documents. However, getting a loan on usurious rates of interest is one thing and getting it on the lowest rate is another. If one does contemplate taking a loan for a small business in future, it is best to start preparations in advance such as:

  • If the borrower has a bad credit score, he is perceived as high risk and interest charged will be on the higher side. He must work to improve credit rating.
  • The borrower may be in debt and may want to borrow to clear debts. Lenders know that in such cases he can land in a debt trap so they raise the interest rate. Instead, it is helpful for borrowers to prepare a solid business plan and show that they intend to utilize the money to generate additional revenues in order to impress lenders and get the best terms.
  • Prior to approaching a lender, it pays to get documents in order such as the bank statement for six months’ transactions, proof of identity, residence, and ownership of business.
  • Borrowers may find it in their interest to generate higher credit card sales before they plan to go in for this kind of unsecured funding if they wish to get a higher amount or negotiate a better deal.

Consulting a lender like wscapnow gets the process started and borrower ends up with a good deal.

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How to Get Unsecured Business loans in Canada?

Small business owners in Canada face the same issues as their counterparts across the border: cash crunch from time to time or the requirement of funds to finance expansion, buy equipment or launch ad campaigns. It is not all that different from the situation in the States.

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Rather than opt for regular finance that requires a lot of documentation and involves delays, it is better for Canadian small business owners to opt for unsecured business loans from lenders who work in the States and also offer finance to Canadian businesses, like WSCapnow.com.  Why Stateside lenders? They offer finance quickly, have the easiest of online processes and are geared to assist businesses. Restaurant and bar owners, IT professionals, small transporters, automotive dealerships, professionals and small manufacturers are people who can apply for and obtain fast funding without any collateral. For unsecured business loans Canada based businesses can approach US- based lenders and they do not have to worry about the withholding tax. Wscapnow is located in the States and by not having a presence in Canada they do not contravene the Bank Act (Canada) since the prohibitions apply only if a lender has a presence in the country. Maintaining a local bank account could also contravene the provisions of the Act and lenders transferring money directly from US bank account to borrower’s account in Canada do not violate any clauses of the Act.

Business-Financing-Loans

The process for any small business owner in Canada to access funds from the USA lender is simple and straightforward. All that he has to do is visit the website of the lender like wscapnow that lends to Canadian borrowers, fill in an initial form to determine eligibility and wait for the lender to call. Thereafter the process is easy.  The borrower fills in a form, online if preferred, and submits electronic documentation such as proof of identity, proof of ownership of business and proof of residence along with bank statement for the previous 6 months. Usually, if these primary documents are in order, the loan is approved and money is deposited into the bank account of the borrower in Canada in about 4 to 5 working days. It is not that there is any lack of Canadian finance companies that offer unsecured funding but there are times when a US lender’s terms, a rate of interest and approach are better suited to Canadian businesses.

apply-for-small-business-loans-online

It may be advantageous to consider US lenders since the terms are more flexible and the rate of interest may be low. Further, if a lender wishes to obtain guidance and advice from expert professionals, they can get it without any obligation. Most lenders are geared to lend and make money. Only a few like wscapnow care for borrowers and wish to see them grow. A phone call or submission of the online form is a good starting point to obtaining unsecured finance on the softest terms from US lender for Canadian small business owners.

Blog source: http://wscapnow.blogspot.in/2017/03/how-to-get-unsecured-business-loans-in.html#.WMFWGBIVTIV 

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Best Small Business Funding Options of 2017

It is small business owners who face frequent cash crunches. Larger businesses have the law of momentum on their side and can manage situations because of the financial flywheel effect that small businesses lack. Should a small business owner face a cash flow bottleneck his business is likely to come to a halt. If he wishes to expand his business then finding a suitable source of funding can be an uphill task. Even then there are avenues of finances that can be considered to be relatively easier to tap into than banks.

A business owner can easily establish a line of credit up to $ 100000 with lenders other than banks. The interest rate may be high but it does help business owners put their hands on cash and ease their cash flow. It may be in the form of rolling credit in that a borrower can withdraw amounts up to the specified limit, repay them as scheduled and then borrow some more.

Finance For Small Business
Bill purchase
is another option for business owners who raise bills of large value. There may be a delay between raising the bill and realizing the amount. In the interim period, he can make do with small business funding provided by institutions that purchase the bill and advance up to 70% of the bill amount. When the billed party makes payment the lender takes his cut and remits the balance to the borrower.

Another option for borrowers who must execute large orders is to go for order finance. If he has a confirmed order in hand he can obtain advance against the order up to 70% of the order value or even more and repay the loan along with interest when he executes and receives payment.

Merchant-Cash-Advance

Not all small business owners fall into this category. The Majority make a large number of sales of small value on the cash basis, usually obtaining payments through cards. A good credit record may be obligatory and a poor credit history may be an obstacle. In such cases, they can turn to merchant cash advances or small loans as a means of obtaining cash to pay salaries, pay off vendors, finance expansions, launch campaigns or buy new equipment. Small business funding by wscapnow.com is geared to help smaller businesses thrive and prosper.

Small Business Funding

The best thing about this type of funding is that it is available at short notice and money can be deposited into the borrower’s account in just 4 to 5 days from making the application. Another reason why this could be the best way to get funds is that it requires minimum documentation, no need for a good credit history and no need for a guarantor. Repayment is just as easy and flexible. It can be spread over one year or three years. If a borrower has a poor credit history then this type of borrowing and timely repayment helps improve his score. Of course, it helps best when the small business owner uses the funds to directly help grow his business.

Apply now to water street capital. Just fill in the form online and initiate the process. For more details contact us, email us info@wscapnow.com or call us: +1-800-589-4161.

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Content Source: http://www.wscapnow.com/blog/

Water Street Capital: Get Funding for your Business Today (Infographic)

water-street-capital-get-funding-for-your-business-today

Water Street capital understands that small and medium-sized businesses sometimes need quick access to cash to keep their everyday operations running as efficiently as possible. Whether cash is needed to increase inventory, pay employee salaries or to acquire equipment, we can help you meet your specific small business financing needs with a funding solution, which is part of our working capital program. Our business funding programs are easy and hassle-free.

Checkout more info: http://www.wscapnow.com/

Basic Facts on Business Financing Services

Savvy businessmen rely on the dictum “other people’s money” to move ahead and up the business ladder. Which is why, even if they have property or assets, they do not sell it to raise money in order to start a business or to meet needs of funds when they are up and running but come up against bumps. They may mortgage assets and get loans or, better still, opt for unsecured loans from various sources. A whole world of business financiers is waiting for businesses to knock on their doors and ask for funds. Why way to go?

SBA Financing

If time is not of the essence then SBA loans are the way to go. These are government backed loans with the low rate of interest. One can get a loan under 7A program for special requirement, access the microloan program for short-term requirements or go in for CDC/504 loan program for long-term financing for expansion or modernization. The downside is that one must be prepared for paperwork and delays.

Business Financing Loans

Working capital financing and order purchase or bill purchase

This type of financing gets money in the hands of a small business owner against orders he has received or bills he has received or just a rolling sort of credit for working capital. The downside to this is a high rate of interest.

Merchant cash advance

Lenders usually advance amounts to businesses that are already in existence and link repayment to daily card sales at a usurious rate of interest that could be as high as 50%.

The downsides to the above forms of business financing services are that either there is a delay in obtaining cash or one has to be prepared to pay a high rate of interest. On the other hand, there are easier methods of obtaining finance such as business financing by wscapnow.com, a painless and quick procedure to help cash-strapped businessmen get the vital oxygen to help them breathe easy.

Financing is more than just providing funds. Small business owners usually lack a solid business plan based on business intelligence or future thinking because they are too busy running a day to day operations. If they need cash they borrow and repay, even if it means shelling out more interest than they should. Wscapnow helps businessmen not only with cash but with guidance that will take them to the next level, which are growth and a healthy bottom line.

Small Business Loans

One can opt for merchant cash advance but at a much more considerate and reasonable factor rate, with no upfront processing fees or any unpleasant hidden charges. One can ask for a small business loan on soft terms and get it on repayment terms of 1 to 3 years. There is no need to have an exemplary credit history, furnish collateral or undergo extensive paperwork. Experts guide borrowers on what will be best and if MCA suits them, then they provide card processing terminals at no extra cost. Lenders who work on the premise that it is not worth killing the goose that lays the golden egg do prosper along with their clients.

Apply now to water street capital. Just fill in the form online and initiate the process. For more details contact us, email us info@wscapnow.com or call us: +1-800-589-4161.

apply now

Content Source:http://www.wscapnow.com/

Is Merchant Cash Advance Suitable For My Small Business?

Business is about taking risks. Success depends on taking carefully planned and calculated risks. Even then anything unpredictable can cause a flat tyre and the vehicle of business stops moving. An Interruption in smooth cash flow, especially for small business owners, can be a time of endless worry. Invoices remain unpaid while creditors press for payments, is a common enough scenario. Then there are business owners who may want to take a small risk such as launching a marketing campaign to grab a higher market share during festival seasons or expand the business, buy real estate or new equipment. Traditional sources of funding may not be available in all such cases or may not be available fast.

This is where merchant cash advance seems so attractive. Is it really so? Wise business heads advice against falling into this trap unless one plans carefully. The simple reason is that going into debt to pay debt only results in more debt. Prima facie, MCA may not be the best option for small businesses. If one looks deeper and thinks carefully, it could be a perfect choice. Here are reasons why one should consider best merchant cash advance by wscapnow.com, a premier cash advance business.

Best Merchant Cash Advance

    • Cash, as much as $ 200000, is available on making a simple application with supporting documents such as identity proof, residence proof and proof of ownership of business. No collateral or mortgage is required in case of MCA.
    • The Borrower gets to cash in his bank account in 3 to 5 working days from date of submitting the request online or offline.
    • Repayment is flexible and is a percentage of daily card sales, weekly or monthly fixed amounts. If sales boom, repayment amount increases, and advance are paid off in a shorter time and vice versa.
    • With MCA businesses can use the cash to give a boost to their business and grow fast.

For the MCA to be suitable, the owner must have a running business with minimum monthly sales of $ 10000. He must also have a good business plan and must calculate as to whether the daily or monthly repayment schedule will not put him in financial difficulties.

Small Business Loans

This type of cash source is not for small businesses if:

    • They are in a debt trap and are seeking funds to pay off a creditor without considering how they will meet the commitment.
    • They are not generating adequate business that will generate sufficient funds for repayment.
    • They are in a line of business with plenty of competition and slim chances of growth or even survival.
    • They do not have solid plans for business growth, diversification, and expansion.

A Cash advance can be obtained with ease. Using the cash wisely to grow the business is worthwhile. Even if one is reaching for this source of capital to tide over emergencies, one must have adequate receivables to know that they will be back on an even keel once debtors make payment. The source from where one obtains advances is also important.

It is easy to apply for Water Street Capital’s best merchant cash advance. Just fill in the form online and initiate the process. Our rep will take it from there.

 

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Content Source: http://www.wscapnow.com/blog/

Business Financing Services – A Brief Introduction

For small business owners the going can be quite tough when it comes to financing but not an impossible task. Savvy businessmen find out the best sources of finance and leverage them to grow using the basic principle of “other people’s money”. The trick is to get finance at the lowest rate and on the best terms, which means looking at various business financier and their services.

There are different kinds of business financing services that small business owners can turn to for their requirement of funding. One is the secured funding for which a borrower usually furnishes a guarantee and collateral. The interest rate is low and repayment may be extended over 3 to 5 years but it takes time for applications to be approved. Banks may even reject applications. The second type of business funding service is one that offers unsecured business loans and cash advances.

Small Business Loans

Even in this category, there are differences. One financing service for small business may offer unsecured advance or loan but repayment may be strict, the interest rate may be cripplingly high and they may add their own “fixed” charges. More reasonable services offer flexible repayment terms, affordable interest rate and may even waive fixed fees. After all, they are making money from interest are they not?

There is more flexibility in financing services for small businesses. Lenders may advance a lump sum amount. Repayment may be linked to daily credit card sales as in the case of MCA, or one can negotiate a fixed monthly interest. The Rate of interest may be fixed or may be variable. Borrowers can also seek alternate funding methods from such services. This can be in the form of invoice credit. Invoices may be outstanding and lenders will advance cash against such outstanding invoice, which, when paid, are credited to the borrower with the lender taking back the amount he advanced plus charges.

Business Financing

Borrowers can even look at various other options if they are not in immediate and dire need of cash from business lending organizations. For instance, one can arrange a line of credit, which means the borrower need not withdraw the amount sanctioned immediately but has it on hold should ever need it such as making payments for purchases as and when required. Borrower benefits since he does not have to divert funds from routine cash flow to fund purchases and he can make payment in installments or pay the entire amount after a fixed period during which time he can utilize his funds for revenue generation. Business advances also consider requests for cash to finance marketing campaigns, renovation of premises, purchase of equipment and other needs. The cost of money is high in unsecured methods but, if a savvy business owner plans it right, he can well afford it and also make a profit by the infusion of cash.

One can get small business financing services from wscapnow.com, with access to expert consultation to help plan a business better and grow.

apply now for Business Financing

Apply now to water street capital. Just fill in the form online and initiate the process. For more details contact us, email us info@wscapnow.com or call us: +1-800-589-4161.

Blog Source: http://www.wscapnow.com/blog/