Learn How to be Prepared to Apply for Small Business Finance

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WSCapnow small business loans target the entrepreneur who wishes to take the next big leap or the small business owner who is faced with temporary setbacks. Any running small business can avail of small business finance through Water Street Capital and be assured of fast financing on soft terms.

Know more: http://www.wscapnow.com/small-business-loans/

Why Choose Unsecured Business Funding for Business?

Savvy businessmen know the importance of funds for business growth and expansion. In fact, smart businessmen follow the dictum “other people’s money, other people’s labor and other people’s time.” When it comes to investing money for business, a smart businessman will invest only part of his own funds. The rest he invests in assets like house and property that he will never mortgage.

There is a reason to not mortgage houses for business purposes. There is no knowing when a recession will strike or anything should happen that will result in a downturn and the mortgaged property being attached by the lender. If that should happen he and his family are out in the cold. This is just one reason why one should consider unsecured business funding over secured funding where collateral is necessary.

There is another reason to choose unsecured business funding. If one puts up collateral the process is quite involved. In addition to the loan application form, one has to put together other documents that include property papers where titles must be absolutely clear and the lender may also ask for project report or a proposal as to the purpose for which funds are required. When one goes down the unsecured funding path there are no such obstacles. Documentation is minimal. One only needs to submit bank statements and proof of identity, business, and residence. The process is fast. One applies online and submits documents and the loan could be disbursed in as little as one week. If funds are needed urgently, forget about secured loans. Unsecured financing is the way to go for small business. Perhaps this could be a more important reason for businessmen who may need funds occasionally to meet urgent commitments or for expansion purposes.

There is a downside to unsecured funding. The rate of interest or APR is usually higher than what one pays for secured loans and this is understandable but it does not deter businessmen who can plan to use the funds for growth. Increased revenues help repay installments and also the interest while leaving a tidy profit aside.

There is still another reason to opt for unsecured loans. It is that a businessman’s credit rating is sub-par and usual lenders will not advance money. This may be the only viable option left to him to get funds, get back on his feet and prosper. It proves a lifeline when a person, hounded by poor credit and debts has nowhere to turn to receive a vital injection of cash that will help him survive and grow. Even if the APR is higher than the one for secured loans, it provides a lifeline and a chance to improve credit rating and prosper.

Unsecured loans have gained a bad reputation due to some lenders charging unfair application and processing fees in addition to high APR but when selects the right source like wscapnow.com, the terms are flexible and so is the repayment schedule. Unsecured is the best alternative funding for small business owners

For more details contact us, email us info@wscapnow.com or call us: +1-800-589-4161.

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A small business owner may be happy at the way his enterprise is operating. It is running along smoothly with no humps or dips in revenues. Should be continuing it is likely that at some point competition will overtake him. The right thing to do is to expand and grow. For this funding is necessary. Instead of dipping into his cash reserves or mortgaging his house or assets, a risky proposition, by the way, it is better he considers alternatives that will get him much needed cash to expand and grow his business.

Small Business Loans

One can opt for secured small business loans or for unsecured business loans. In the case of the former, the borrower must furnish collateral and enjoy a lower rate of interest. In the case of the latter, he does not need to furnish any collateral and pays a higher rate of interest. If his business is profitable he can generate extra revenues and pay off installments from earnings.

The process of obtaining a low-interest rate business loan is not easy. One has to put together a set of documents, something like a project report and then approach regular lenders like banks. It takes many visits and quite some time for the papers to be processed. Small business owners are so busy with their routines that they can hardly spare time for visits to the bank or hire a legal expert to be by their side.

Business Financing Loans

The better alternative for business owners who are hard pressed for time is to apply for a small business loan online. It is so easy and quick. A business owner can initiate the process using his desktop or laptop computer. The first step is to fill in the online form for small business funding on the website of wscapnow.com and submit a few details. In a couple of days, he receives a call from the lender and he submits scanned copies of a few documents. The only documents he needs to submit are already in his possession. These are bank statements for the past six months, proof of identity, residence, and ownership of business and that’s that. He does not need to prepare a project report or any mortgage papers or guarantor. The loan for small businesses is unsecured and lenders assess his integrity, advancing amounts based on their assessment. In less than a week he can get funds deposited in his account and finance his growth or expansion program.

Unsecured Business Loans

The best thing about loans for small business from wscapnow is that even those with marginal or bad credit are eligible. The only requirement is that the business should be up and running and should have a minimum turnover of at least $ 10000. With a proper plan, he can use the funds for increased revenue generation, repay well ahead of time and grow as well as improve credit scores. Even those with excellent credit will find this line of finance most suited for rapid expansion plans.

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/5-key-steps-to-get-a-small-business-loan/

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Why Merchant Cash Advance Loans Are suitable Choice in These Days?

Merchant Cash Advance

 Given the advances and facilities available in merchant cash advances, it is a wonder that these are not more popular than they ought to be. In order to be eligible, a merchant such as a retailer, a professional, a small business owner, a hotel or restaurant owner or a manufacturer needs to be in business for at least a year and must have a turnover of $10000. Documentation is a minimum, restricted to proof of identity, proof of address, proof of ownership of business and bank statements. Borrowers need not furnish a guarantor or mortgage property to get cash up to $ 200000 in as little as 4 to 5 days. Cash may be needed at any time and a merchant must have access to such sources of funds.

The business scenario is changing these days. The economy is improving and small business owners across the US are flourishing. There are more opportunities for growth for savvy businessmen and everyone knows that cash is the lifeblood of business. Merchant cash advance loans are one of the easiest sources of fast cash that a smart businessman can leverage to take his business up to the next level. Even if a businessman is doing well, he can always think of expansion by adding new types of equipment or modernizing facilities. He can buy inventory at low cost or launch ad campaigns. Dipping into existing cash flow is not advisable whereas MCA gives access to funds that can allow these expansion activities. This is just one reason why merchant cash advance loan should be on the list of source of funds.

Merchant Cash Advance Loans

There are other compelling reasons as well to have a reliable and trusted source of MCA. There is no guarantee that if a business is doing well these days it may not be in difficulties tomorrow. This can be due to a slowdown in business while liabilities remain the same. A natural disaster may put a halt to business or be a source of additional expenses. One may need to hire new employees to boost business activities. Cash flow may be affected but one must pay salaries on time. All these are reasons enough to convince any business owner that a line of finance must always be kept open. In all such cases, one needs cash and that too in a short time. It is simply not worthwhile to go through the regular channels and wait months by which time it will be too late.

Merchant Cash Advance Loans

Talking about regular channels of financing, it is a trend that banks are not quite as easygoing as they used to be in the past. They are stricter in evaluating borrowers and do ask for a lot of documentation as well as mortgage and guarantees. Even getting a mortgage is difficult due to changing regulations. Even if a borrower qualifies he may have to wait up to 50 days for approval and sanction. MCA allows business owners to get cash fast and when needed, no questions asked. Provided it is used for the right purpose, MCA does provide help when needed and helps businessmen stay afloat or even surge ahead.

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.

Blog source: http://www.wscapnow.com/blog/why-merchant-cash-advance-loans-are-suitable-choice-in-these-days/

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

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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.

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How Do You Get Loans For Your Small Business?

Any port in a storm is good enough for someone about to drown. This can happen to many small businesses faced with a sudden cash crunch. Regular channels of finance may not be available or it may take too long for approval. A lifeline is needed at such moments.

Business loans prove to be the perfect lifeline for small business owners who have to juggle finances while planning for the next big step ahead. This is where they can opt for the small business loan by wscapnow.com on soft terms. Such loans help in a variety of ways. A business owner can think of launching a marketing and ad campaign for the approaching festival season and grab more customers. He can think of expanding production or achieving cost efficiencies by installing new equipment. He can use funds to buy inventory. Assuming a small businessman already has availed of loans from other channels how does he go about procuring another one and that too without collateral, and in a short time? A few simple steps are all it takes to procure loans up to $ 200000.

business-financing-loans

Step 1

Step one is to put together the necessary documents. No, it does not involve filling in lengthy forms and preparation of a detailed project report. It is only necessary to put together the latest bank statement for the past six months, proof of residence, proof of identity and proof of ownership of business. Credit rating is not a factor for eligibility. Even bad credit businesses can obtain finance the easy way.

Step 2

Find the right lender. Lenders of this type of funding for small business vary. Some can charge exorbitantly high processing fees and APR with inflexible repayment options. Some, like wscapnow, offer flexible and customized solutions for small business capital with the lowest terms. These are the ones to select.

Step 3

The process is simple. One simply fills out an online form and submits scanned copies of the documents. Lender contacts borrower and initiates the process. Applicant fills out paper forms and submits documents through courier and receives approval within a day or two and the amount is credited to borrower’s bank account directly within 3 to 5 days of making the application.

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How does one repay the loan?

Borrowers are presented various options such as daily payment as a percentage of their credit card sales or a daily fixed amount, a weekly repayment or a monthly repayment over 3 to 36 months.

Before going this route one must seriously consider how the funds will be used and will they be able to repay it without affecting their cash flow. The smart thing to do is to get planning advice from experts (available at wscapnow) and have a solid plan to use funds to grow sales and thus meet the extra commitment without any undue hardships. That way, even if the cost of money is high, higher earnings offset it and contribute to long-term growth.

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

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