How to get the best out of your short-term financing goals

Having worked the rat race of the corporate culture has left you depleted and you’d rather do your own thing. You have decided its time now that you devise up that business plan and get to it. Naturally so, the first hurdle here would be getting your self-funded or getting some business capital.

Regardless, the best of plans by entrepreneurs never see the light of day as progress is thwarted by a lack of venture capital. So, it’s integral to go about it in a rational way and firstly determine how much working capital funding do you exactly need.

Now start with making an estimate of your costs, that includes all things like the various departments in the company’s structure, physical office cost, business licenses, insurance policies, equipment, supplies and a whole myriad of things. Only once that you are done with these things and have a rough estimate can you get down to cost cutting? Make sure you have put pen to paper and jotted down all the necessities and routine supplies needed to streamline your business. You need to be able to justify all this expenditure when going for business capital loans.

Working Capital Loans are considered as short-term funding programs. They help you cater to your immediate needs. However, with Capital for Business, there is no need for collateral and there is minimum paperwork. Nearly every industry is acceptive of these, and you can easily request amounts between $5,000 to $1,000,000 depending on your monthly sales volume.

Now next to Working Capital Loans, other alternates include getting what’s called an angel investor, however, they are hard to come by and end up owning a considerable portion of your company. Crowdfunding too is a great idea and you can check out the many platforms online, where you just upload your proposal and business plan, and interested parties fund you for it. Talk about fast business loans. Going for factoring too is a great option, but if you are considering short term financing solutions, Working Capital Funding could be it for you.

How Merchant Cash Advances can streamline your operations

So, let’s paint an ideal picture here, you are a business and your sales are mostly on debit or credit cards. Now, a merchant cash advance – not technically being a loan – is simply an amount of cash given to you by a financing company in exchange for a certain percentage off your sales, in addition to a simple fee. It is a hassle-free way for short term financing for no collateral, even if you have a bad credit score.

On one hand, MCAs are great when you require a fast-small business loan, suitable for a multitude of business purposes with fairly easy approval rates especially when your credit score is not so good. But on the other, Merchant Cash Advances do come with a higher fee, less freedom to change merchants and a regular charge on your credit card receipts.

Ergo, if you have a limited business history, bad credit score and/or most your sales are transacted on credit/debit cards, Merchant Cash Advance is a fitting solution to your financial short comings.

Innovative alternative lending to traditional small business loans, Capital for Business provides you easy financial fixes to realize your dreams. Our Merchant Cash Advance funding option gives you the flexibility to work around your business’ organic cash flow. If you have been processing credit cards for a minimum of 60 days and process at least $5,000 in credit card sales per month, you can easily utilize our Merchant Cash Advance service and have access to business capital which is just as fast as it is conveniently efficient.