Is it secured or unsecured?

For small business owners funding is no longer a problem. They have access to a variety of sources like small business loans and merchant cash advances that help them whenever they are in need of funds. The issue is which loan is the cheapest and offers the easiest terms. A business owner must carefully examine loan offers and ask a few questions before decides on a particular lender.

Regular institutions like banks offer only secured loans, which means you need to provide collateral and this may not always be possible. Besides, it takes longer to process documents and for the loan to be granted. Unsecured business financing loans are generally available from alternative lenders whose numbers are growing but the terms differ.

Interest rate?

Interest or factor rate or APR may vary widely from one lender to another. When it comes to unsecured business financing loans the factor rate or the APR could be as high as 50% which means for every $ 100 one ends up paying $ 150 provided one is regular. If one delays or defaults the cost is higher. However, there are lenders who offer a reasonable rate of interest on small business financing loans, such as wscapnow, with APR being as low as 20%.

Processing fees, upfront fees?

Whether it is a secured business loan or unsecured business finance, most lenders levy a variety of charges. Borrowers may have to pay application fees, processing fees and documentation charges upfront. This could be about 2% of the loan amount. It is best to look for financiers who waive all processing fees.

How fast is the loan available?

Speed is of the essence when one needs funds quickly to meet urgent needs. One question to ask lenders is how long it takes to process an application and deposit funds in the bank account of the borrower. In the cast of most unsecured sources of business financing, the period should not exceed one week. Online processes are inherently faster.

Is high credit scoring a must?

Most lenders will require that the borrower has a high credit score, above 550. If a businessman has a lower credit rating then it is likely he will be refused a loan or may be charged a higher rate of interest. Look for lenders who do not insist on high credit scores and who will charge a reasonable rate of interest.

Documentation

Some form of documentation is indispensable for the application process. In the case of unsecured funding, the minimum documentation comprises only of bank statements, proof of identity, proof of residence and proof of ownership of a business. This is all that should be required to get cash on demand.

It is best not to trust representatives of lenders who tell intending borrowers “do not worry” and that everything will be all right. One could be in for unpleasant surprises later on. Avoid these by asking all questions and getting clarifications before choosing a source of alternative business funding.

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

Learn How to be Prepared to Apply for Small Business Finance

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/

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 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/

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.

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.

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/

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.

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.

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

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.

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.

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.

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 

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.

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.

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.

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

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

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/

Ask These Top 5 Questions When You Choose Small Business Funding

A small business owner may find himself in a situation when he needs cash immediately and does not from where to get it. First, available source is not the one to jump at in such circumstances since the unscrupulous lender may charge fees and a higher rate of interest that adds to the cost of borrowing and results in higher repayment. A wise businessman, even though he needs funds urgently, asks some questions before signing on the dotted line.

Ask him how much he really needs, for what purpose and can he repay it

It is easy to take money when it is offered without any security. However, one of the first questions to ask when choosing small business funding is not the interest or charges but whether the borrower can manage the extra repayments without disturbing his cash flow.

How fast money is made available?

One of the main purposes of small business funding is to get money and get it fast. Ideally, money should be in the bank account of the borrower within 3 days of submitting an application online or offline. In reality, it may take 4 days or so.

The terms of financing?

The biggest burdens of small business finance are the fixed charges, service charges, and the interest rate. The interest rate can be crippling. One must look for a lender who charges a reasonable rate of interest and waives any fixed charges. Another of the terms to look at is the repayment schedule. Considerate lenders are flexible and offer customized terms to make life easy for the borrower.

Eligibility criteria

Does the lender offer to finance for small business with bad credit? Do they ask for collateral? Lenders who are pro-borrowers will not insist on the borrower having a credit score of 700 or higher. Even businesses that are facing temporary setbacks with poor credit should be eligible. Collateral is another thing that should not be insisted upon because, as any lender knows, people who opt for this type of financing usually have their property mortgaged or under lien. Select lenders with an understanding approach to eligibility criteria.

What happens if unforeseen events impede regular repayments?

Get this clear before making a commitment. Some lenders can be quite rigid. Others, such as wscapnow, are more considerate and will have workarounds to manage contingencies. A lender who is interested in seeing his client grow rather than simply making profits is the one to select. If that lender also offers consultations then it is so much better for the borrower.

It has been noticed that thoughtless selection of a source of small business capital often results in more problems cropping up that could be difficult to handle. Obtaining clarifications before selecting a source of finance is worth the effort, not only in the short term but also for long-term business growth. Wscapnow and its team, with experience and knowledge of markets and all possible scenarios, go all out to assist their clients to fulfill their purpose when they seek such finances.

Apply now to water street capital. Just fill in the form online and initiate the process.

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

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.

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.

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!!

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