Business & Finance Loans

What to Do When Your Small Business Needs Cash

With the economy slowly starting to rebound it may take a while for your small business to feel the positive effects.
 If your business was one of the few that managed to survive the downturn, congratulations.
 But you probably aren't totally out of the weeds yet.
 Many companies are still in debt or left with poor credit from having to borrow cash to get through the past few years.
 If this sounds like your small business, there are some viable options to help you get the cash you need to get back on your feet.
Merchant cash advances, or credit card cash advances are a great option for restaurants and retail establishments to get instant cash to help them make it through the last part of this recession.
 The way that these cash advances work is by projecting credit card sales for a period in the future, and "selling" those sales to a factoring company.
 They pay you upfront and are then repaid through your credit card sales going forward.
 Their fees are usually manageable, and make this a great alternative to taking a loan from the bank.
 Another benefit is the lack of a credit check from most factoring companies.
 If your companies credit score is hurting, this may be your best option.
Invoice factoring is similar to credit card cash advances.
 There usually isn't a credit check, and the cash can be received pretty quick (some companies will get you money within 24 hours).
 The main difference is this type of factoring company will buy your unpaid invoices that you still have out, and give you cash for them.
 They will pay between 70-90% for your invoices.
 Another great use for invoice factoring is collecting on difficult accounts.
 If one of your accounts is slow to pay you can defer the risk to a factoring company to collect.
As I said above, congratulations for making it this far through the terrible economic times.
 These were a few options for braving it through the last few month of trouble.
 Our country runs on small business, so we need you!  Take the steps to make sure that you'll be around to manage your way through the next recession! 

Related posts "Business & Finance : Loans"

Bad Debt Personal Loans: Effective Funds To Dispose Off Financial Disputes

Loans

Business startup loans-To start a new venture

Loans

Payday Loans & Usury Laws in Virginia

Loans

Cheap Interest Rate Credit Cards: No Tension Later On

Loans

No Credit Check Unsecured Loans- Borrow Money Without Any Embarrassment

Loans

Title Loans: Best Funding Title Loans Options Have Introduce In Financial

Loans

Available Easily Through Online Mode

Loans

12 Month Loans Bad Credit- Help Improve Your Credit Scores

Loans

Hard Money Lenders - Friend Or Foe?

Loans

Leave a Comment