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.