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.
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.
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.
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.
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 email@example.com or call us: +1-800-589-4161.
Never settle for the first one available
Consider opting for small amounts
Pay off all debts and all bills
Look for business credit card and lines of credit
Focus on cash flows
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.
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.
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.
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.
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.
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.
Content Source: http://www.wscapnow.com/blog/
It would be difficult to find a business that does not face cash problems every now and then. For larger organizations, liquidity is not much of an issue since they always have lenders on tap. Small businesses run by individuals find the going tough because they are perceived as high risk. Instead of regular channels, they might find the non-conventional methods of funding small business to be a better option.
The number of such small businesses facing cash crunch is on the rise and so is the number of merchant cash advance services that provide immediate funds on easy terms to these borrowers. Competition is hotting up. It would seem that businesses with bad credit or in a tight situation would have to take what is doled out to them. Not any longer. There are dozens of such services and they are all competing with each other to get more business. The best merchant cash advance service of 2017 may not be the one that hands out cash immediately, no questions asked. Customers do ask questions and should.
It is not a take it or leave it situation for borrowers. The top MCA service for this year is the one that is transparent about its terms, the rate of interest and other charges. Many such services do not truly disclose the rate of interest and charges until a prospective borrower submits his details and a credit check takes place. The Borrower must know beforehand about the terms, not terms based on credit rating. The fees and repayment cost should also be clear from the outset.
Simply providing cash when needed is one thing. Small businesses may opt for MCA simply to meet immediate needs without taking into consideration the larger picture. Enterprising and innovative businesses look at this type of cash source as a way to fund campaigns, modernize equipment or to invest in an activity that will produce more revenues. They may lack knowledge so the best MCAs are not just people who advance cash, but people with expertise to analyze a client’s business and offer consultation on the wise use of funds to avoid debt traps.
Responsiveness and speed of processing applications also count for a lot, especially when a borrower needs immediate funds. The Delay is as good as denial. Cash can act like oxygen and fast response saves the day for a grateful business owner who will then return for more funding to grow the business.
The world of cash advances is changing. From simply considering it as an avenue to exploit small businessmen and make high profits, it is undergoing a transformation to being one of the best alternative sources of capital in this year. The trend is likely to continue. Studies at wscapnow show that the number of defaulters is less and that those who have obtained consultations have managed to use funds to rise rapidly or to diversify. American small businesses can now make ambitious plans and wscapnow, the best MCA, will be there to help, today and tomorrow.
For more details contact us, email us firstname.lastname@example.org or call us: +1-800-589-4161.
Blog Source: http://www.wscapnow.com/blog/
A recent forum held by a finance network company gave insights into perspectives of financing from the borrower’s side and from lenders’ viewpoint. One fact that stands out is that regular lending institutions are tightening their purse strings when it comes to funding small businesses. Predatory, unregulated online lenders are having a field day and are primarily responsible for driving a number of businesses into a debt trap. The forum highlighted the need for innovative, borrower-friendly lending procedures that would really help them grow. Where such small businesses are perceived as high risk by regular lenders, innovative lenders view them as distinctive growth possibilities given the right infusion of cash at the right time. Such businesses also generate employment with at least 3 people on their payroll and need encouragement.
Business financing by wscapnow.com has always believed in blazing innovative paths along the financial lending routes. Its cash advance and business financing strategies are shaped and influenced by requirements of small businesses and their expectations. The objective is to help enterprises in critical need of cash infusion with funds at the right time. When a guy is gasping for breath one does not ask for solid credit history or collateral to pull out of a swamp. Pull him out first is the motto.
Business financing can be a double edged sword. If it can oxygenate an enterprise gasping for breath, it can also strangulate if it comes from usurious lenders who charge exorbitant interest rates that, forever, put the borrower in a debt spiral. Water Street Capital does not believe in taking advantage of a guy’s situation to put a stranglehold on him. Borrowers find the best customized terms that actually help revitalize their businesses. It is the norm, rather than the exception, that a small business will face a cash crunch every now and then. Business might be slow and inventory may pile up resulting in blockage of funds while employee salary and vendor payment liabilities stare them in the face. At times like this when there is a liquidity crisis, immediate funding with least hassles is what a borrower is looking for and what he gets through wscapnow.
The process of obtaining merchant cash advances is simple enough. One submits minimum possible documentation such as bank statement, turnover figures for last 3 to 6 months, personal identification papers and an application form. Credit history does not matter but what matters is that the business must be running and should be generating $ 10000 gross sales each month in order to qualify. A simple verification is followed by approval and disbursal of funds within 3 days. The borrower can heave a sigh of relief at being able to meet his commitments. Repayment is easy: daily percentage of sales or a fixed monthly amount. Wscapnow is the ICU for businesses and offers the best factor rate that makes borrowing affordable. Innovative, future-looking approach centered on helping rather than exploiting, is the core of wscapnow’s policy that is paying rich dividends.