Let’s Start By Calling Out The Obvious
As a Business Owner, THE BEST OPTIONS for you to get the funding that you need to grow and expand your business are your local banks and your local credit unions.
THE CHALLENGE IS, that 80% of Small Business Owners fall short of meeting the high qualifications of their local banks and local credit unions.
This may be the result of any number of issues, such as a low personal credit score, a low or ZERO Dunn & Bradstreet Score, not enough time in business, lack of collateral, changes in your particular industry, and so on.
Though it is possible for you to improve any of these issues with the right amount of TIME, sometimes, opportunity, does not wait.
As a successful Small Business Owner once said to me a long time ago…
Opportunities don’t go away… they just go to somebody else.
Sometimes, you are faced with a growth opportunity that requires an immediate injection of working capital.
Unfortunately, after applying and waiting (sometimes for several weeks) for the working capital that your business needs, you discover that the local banks and credit unions are not willing to lend to your business… at this time.
This is the ideal situation for fast funding by way of a Cash Advance.
Most Small Business Owners do qualify for this type of funding and the approval process is fast and easy:
- 4+ Months in Business
- $10k in Monthly Sales
- 550+ Credit Score
- US Based Company
Best of all, you can have the funds in your business checking account in less than 72 hours.
However, this type of funding is not meant to be used as an ’emergency fund’ or as a ‘rainy day fund’, because frankly, this type of funding is not cheap.
This is why, as a Small Business Owner, you must be prepared, and ready. to put the Cash Advance to work right away to generate revenue.
So the question that you really need to answer is this…
Does the BENEFIT Outweigh the COST of the Funding?
For example, let’s say that you need $10,000 dollars to take advantage of a growth opportunity for your business, such as acquire additional inventory, or to upgrade certain equipment, or to hire more employees, or to fulfill some other business need.
Now by accepting the funding, this will require that you pay back (this is only a hypothetical) $12,000, BUT, after you do your numbers, you project that the funding could generate $30,000 dollars to your bottom line, in a short period of time.
So… this would mean that if you could manage to turn the $10,000 dollars in funding, into $30,000 dollars in gross revenue, in a short period of time, and the COST OF THE FUNDING is $2000 Dollars, would it be worth it?
Only YOU have the answer to this question… because no one knows your business like YOU know your business, and it is ONLY YOU who can identify the potential opportunities for YOUR business.
It’s worth repeating…
Opportunities don’t go away… they just go to somebody else.
So, if you see an opportunity or have a great idea for your business, and you need funding to launch, we would love the opportunity to be a part of your business growth.
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