Unsecured business financing loans
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.

Is it secured or unsecured?

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%.
Business financing

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.
Business funding

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/
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Learn How to be Prepared to Apply for Small Business Finance

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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/

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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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.

Small Business Loans

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.

Business Financing Loans

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.

Unsecured Business Loans

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/

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Top Advises for Small Business Loans with Bad Credit

Bad Credit Small Business Loans
It is easy for a small business owner to acquire bad credit rating. Debts mount and he delays repayments or even defaults with the result that credit score dips. The question is how does he get back on track? Most doors to finances are closed and there are very few options left for business owners who wish to get their hands on much-needed cash.
There are alternative sources for funds for businesses with bad credit. Bad credit small business loans are available from specialist lenders like wscapnow.com. One can approach such lenders knowing that interest rates will be reasonable and terms will be lenient.
It might be a case of something is better than nothing but in such cases; it is wise to keep in mind a few points before settling for bad credit funding. Here is some general advice for bad credit small business loans seekers.

Never settle for the first one available

If, after knocking on many doors, one door opens, it is advisable to wait and search some more. The first loan available may not be on the best terms. One can end up paying a high rate of interest, processing fees and also pay through the nose for merchant accounts and card processing equipment. Look for a lender who will assist in setting up such accounts on the most favorable terms and in getting equipment at the lowest cost. One alternative is to get funds from friends and relatives or find an investor who will pump in cash.

Consider opting for small amounts

A lender may offer a large sum at a high rate of interest. One should consider the capability to repay. It is better to go in for a small amount and get on an even keel. Repay well ahead of schedule and on time. This will help in marginally increasing credit rating.
Bad Credit Small Business Loans

Pay off all debts and all bills

Use the small business loan for bad credit to generate revenues. Meanwhile, pay off debts and settle bills in advance. Once you pay off bills and become debt-free then you can go on to get more funding on even more reasonable terms. This helps to improve credit rating.

Look for business credit card and lines of credit

Businesses with bad credit may consider obtaining business credit cards and lines of credit such as obtaining advances against orders and bills. A secured business credit card where you pay a deposit up front will help improve credit score. This will help ease cash flow situation. With tight control over expenses and focus on cash generation, bad credit should become a thing of the past.
Small Business Loans

Focus on cash flows

Keep a strict watch on accounts and pursue debtors to ensure cash flow is not affected.
Finding the right provider is important for people with bad credit. A lender like wscapnow arranges with card processing agencies and sets up the online CC processing line as well as provides virtual terminals along with funding to help bad credit businessmen get back on their feet.
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!!
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Bad Credit Small Business Loans in Canada – The Best Fuel for Your Business Growth

It is a fact of life that those who need funds find it hardest to get their hands on cash when needed. Businessmen with poor credit or bad credit are the hardest hit. Lenders simply show no consideration for such struggling entrepreneurs who are finding it hard to manage cash flows. Such entrepreneurs in Canada may not have had the time to establish a good credit history or even a personal credit score that will put them in “good books” of lenders. Bad credit, to lenders, is a sign that borrowers are not in a position to repay loans.

When traditional avenues of funding are closed for businesses with bad credit there is still another option open. This is bad credit small business loans from providers who really care for entrepreneurs and want to get them back on their feet. Unlike merchant cash advances, bad credit business loan repayment is not tied to daily credit card sales. This widens the scope because not all businesses have credit card sales. Repayment may be on a fixed monthly basis with fixed tenure for repayment. Bad credit small business loans in Canada is easy to obtain from suitable providers.

Bad Credit Business Loans

Anyone who is mired in financial difficulties and with a poor credit rating knows how difficult it is to obtain finance that will help them keep their business operational and even grow. Such business loans for small businesses are ideal. Applicants need to submit only minimum documentation for fast approval. Terms are easy in that no mortgage or guarantee is required for business loans. Importantly, loans repayment may be spread out over a year or even more thus easing the financial burden. The result is that a cash stifled business gets the necessary infusion of funds to help it overcome temporary difficulties. It can grow and reverse its situation.

A credit rating of only 300 is considered poor while 900 is the highest with 650 being the right score for businesses to be eligible for standard sources of funding. Not all businesses have this score and even if they have a score of 500, they are considered risky propositions when it comes to lending. Bad credit loan providers take a look at all factors that influence ratings and make a decision, usually in favor of the borrower, fixing the rate of interest according to the analysis of their financial position and repayment tenure. The APR may be a little on the higher side but if a business owner can use the funds to generate profits that exceed repayments and still leave him with spare cash, it is better than not having any funds at all.

Merchant Cash Advance

The important thing is survival. Infusion of cash in the form of business loans help businesses stay alive and, with guidance from experts from the loan providers, get back on track. Once they do, the same loan providers can keep on providing more funds in various ways to help the businessman grow and expand. The higher cost is offset by rapid growth and increased revenues.

For more details contact us, email us info@wscapnow.com or call us: +1-800-589-4161.

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

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/

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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.

Small Business Loans

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.

Small Business Finance

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

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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.

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