How long will you wait for the approval of your business loan? At the end of the day you will find that there are heavy expenses being already suffered by you, because of the application fees, and other start up costs. For the success of any business firm the main criteria is proper planning and management, which will bring sustainability. The planning for your business includes the following:
• Planning for proper fund management
• Planning for regular cash flow
• How to increase the sales of the organization?
• How to fulfill the regular working capital requirements of the firm.
• What are the promotional plans and modes of advertisement?
• How to maintain cash flow for salaries?
• How to generate sales?
• Profit maximization
• Long term goals of the firm
• Expansion and other plans.
To fulfill all the above requirement you need to have proper funds source. For the plans of your promotion and expansion additional funds are required, and taking the fund out of the business will disturb the working capital. You might think of applying for the business loans, but wait before you proceed. You will have to take the following consideration into mind before actually applying for the small business loans:
• There will be delays for months to receive the loans. It is a very long term process, and if you have emergency requirement, business loan might not be able to fulfill your need.
• You will be paying fixed repayment each and every month without any delay, if the delay happens, you might face penalties or other charges.
• There might be deductions from your account in terms of the hidden charges, for which there will be no details provided to you.
• Be prepared to pay the application fees, start up cost and other charges before even you receive the approval. You will burn a big hole in your pocket by meeting all thee additional expenses.
• Not to mention the rejection rate in the small and other business loan is 90% in some of the cases.
• Your loan might be rejected as you might have poor credit score.
To answer all your worries, there is business cash advance; it is based on the concept of future credit sale of the merchant. As the revenue and transactions is generated, a small fixed percent is reverted to the business cash advance provider, thereby helping both the parties. The business cash advances understands the business needs and help to fulfill all your business requirements. The features and advantages of the business cash advances are:
• Funds up to $250000 that too within 72 hours to 7 days.
• 95% approval rate for business cash advances.
• Application fees start up cost and closing fees not required.
• Less paperwork and smooth procedure
• Invest the funds as per the business need, no stipulation as to where the funds should be spent.
• No requirement of security collateral and personal guarantee.
• There is no hidden charge, and no finance or tax return required to be filed
• Poor credit score accepted.
Thus the features and quality of the business cash advances help you rejuvenate your business and its goals.
