Learn How to be Prepared to Apply for Small Business Finance

wscapnow.com.jpg

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/

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/

Apply now

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/

apply now for Small Business Loans

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.

small bussiness.jpg

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.

Apply-Online-Now

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.

Unsecured-Business-Loans-1.jpg

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 

Apply-Online-Now

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.

finance-for-small-business

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!!

apply now for Merchant Cash Advance

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