Top Reasons to Apply For Merchant Cash Advance

Small businesses are alive and flourishing. One of the reasons is the rise of alternative funding sources that help them get funds easily, with less hassle and with no need to furnish collateral. There are small business loans and there are unsecured loans for small businesses and then there are MCA.

What is a merchant cash advance?

It is an alternative method of finance for small businesses. It is primarily aimed at retailers, pharmacies, professionals, small manufacturers, restaurant owners and similar businesses that may face the occasional cash crunch. It is not for startups. Only those in business for a year or more with a turnover of $ 10000 in credit card sales are eligible. The only requirement is proof of identity, residence, ownership of business and bank statements and funds are made available in less than a week. Repayment is usually tied to credit card sales on a daily basis. The factor rate is rather high but bearable.

Merchant Cash Advance Business

Why should one apply for merchant cash advance?

Immediacy

As any small business owners know there are several occasions when cash is in short supply and one must get funds immediately. This happens when employee salaries are falling due or when vendors need to be paid while incoming funds may be delayed. Accessing merchant cash advance is the best option to get cash immediately and meet one’s commitment. It is better than having to seek loans from friends or relatives and remain obligated to them.

Merchant Cash Advance Business

Launch campaigns

Retailers and small businesses may wish to take advantage of festive seasons. In such cases launching a marketing campaign will net them more customers and generate more revenue. MCA funding gets them the money they need to launch campaigns, increase their market visibility and presence and garner a good share. Extra earnings always help repay the loan.

Expand activities

A businessman who stays content with his business is likely to stagnate and suffer. The expansion should always be an ongoing process for small businesses to grow into larger ones. Cash advances are the best way to finance such expansion activities. A businessman can move to larger premises, refurbish and renovate his existing premises, buy new equipment and generally increase the quantum of business. Expansion of activities will help him serve customers better and faster and earn their loyalty as well as recommendations.

Small Business Loans

Pay off debts

It may not seem like a good idea to go into debt by obtaining a cash advance in order to pay off a debt but debts can be restructured. If one is in a debt situation where the interest rate is killing then getting a loan at a much lower rate and on more favorable terms to pay off that debt is a wise decision.

There is no doubt that cash advance business is growing and providers like wscapnow.com are offering the best terms. Small businesses that would have gone under have survived and prospered. Businesses that would have stagnated have expanded and grown, thanks to small injections of cash at the right time.

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.

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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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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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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Features and Benefits of Small Business Loans

While a loan may not be the first choice for a business, it sometimes is the only way for a business to succeed. There are wide number reasons that a business may need to borrow money. Could be to hire new employees on a short notice, make up for payroll during a slow month, advertising purposes, expansion and growth or more. Whatever the reason may be, every small business will likely need financial help at one point or another.

There can be a few downsides to borrowing money, such as the interest, but all in all the advantages can very advantageous. For starters, it can keep a business from failing. Say an antique shop has a seen a recent slowdown in sales. Perhaps the road construction on its street has deterred the usual passerby from coming into the store. The business owner learns that the construction schedule has been delayed and isn’t planned to be finished for months! He decides to advertise his business harder than usual in hopes to regain customers but hasn’t budgeted for such an unexpected expense. Does he sit around and watch his business fail or does he take out a small business loan?

Taking the loan would be the smart thing to do, but as mentioned earlier, businesses don’t usually like the idea of borrowing a loan right away. They can be reluctant due to the climbing interest rates that banks might offer. Luckily for the antique shop owner, he didn’t take out a loan from a traditional bank. He had already heard about a small business loan by wscapnow.com, the website for Water Street Capital where businesses can apply online. The shop owner mulled it over, comparing the benefits between it and that of a traditional bank.

The shop owner decided that Water Street Capital was the smarter choice. For starters, he was able to get accepted much easier. Although his credit history had a few blemishes, he still passed the approval qualifiers. Despite the slow times his business had been facing, he continued to gross at least $10,000 a month which proved that he was financially stable enough to be able to repay the loan.

The second deciding factor for the business owner was that the process was fast. He already knew that he could apply online, but after taking a look at the website, he learned that he could get the funding he needed in just 3 business days. It would be fast enough to pay for the billboard he wanted before anyone else could.

The third and final benefit that sealed the deal for the shop owner was the way Water Street Capital managed their repayments. Unlike that of the banks, their client need only to pay a small percentage of their sales each month. That meant that if the advertising didn’t work too well, he wouldn’t need to worry about making huge payments each month. He found the branch that was closer to him and got the financing he needed.