Many small and new businesses find it difficult to raise enough cash to support growth or even fund their daily operation. There are some factors that contribute to the problem: uncertain sales level and revenue, limited capital and asset, limited production or office/store capacity, receivables from customers which make delayed cash receipts, and so on. In specific cases, credit card sales and online transaction settlements both in ordinary brick-and-mortar or online business also generate big issues for cash. The problem will be solved if you can afford additional funding to support the capital you own. But many small business owners can not fulfill the requirements to qualify for bank loans. Bank loans may not be a possible option anyway, besides they require good credit rating and collateral, the process is usually complicated and time-wasting since you have to provide some documents like income proof, residential status, and so on. So what are the available good options for small business owners?
Well, you can try unsecured business loan and merchant cash advance to get quick and fresh cash. Unsecured business loan is a loan that does not require you to put any asset as collateral. All you need is to have a good credit rating and confidence to repay the loan at agreed time schedule. While that, merchant cash advance is cash you can get in exchange for your future credit card or check sales. This is suitable for small businesses or businesses that get a lot of credit card payments for product purchase. It is also suitable for businesses that accept online payment for transactions. Generally, you do not have to own good credit rating to qualify for the cash and yet there is no collateral.
There are many unsecured business loan providers and cash advance merchants you can find on Internet. But you have to choose one that does not incur any fee for the application, as well as hidden fees that will burden you in the future. One good option is BusinessFunders, a company specializing in business loans and their related services. Unsecured business loans at BusinessFunders are available from $10,000 to one million for any type of businesses. There is no application fee, closing cost, and hidden fee, thus make sure you do not waste any additional money except for the interest rate incurred. The process is simple with no collateral requirement and you can get the cash in as soon as 2-3 days or as long as 10 business days. Check more information about unsecured business loans to determine your need.
If you do not have a good credit rating, then you can go for merchant cash advance. Surely you would also need one that does not incur any additional cost either on application process, closing, and any hidden area. BusinessFunders offers you cash advance with no additional cost, all you need to qualify is a minimum of one year credit card sales. You can get fresh cash in less than 3 business days in amount based on your monthly credit card sales. It is also a good choice for businesses that accept online payments for their products and services. Check the detail information about merchant cash advance and to see how much you can apply for. The application process is simple and quick.
Besides unsecured business loans and merchant cash advance, BusinesFunders also has Merchant Service program to help you settling the online payment of product purchases. Online payment is an inevitable facility for many businesses nowadays since it offers great flexibility to customers especially those living abroad. Many small businesses and online businesses need merchant accounts to get safe online transaction and great convenience. A good merchant provider like BusinessFunders will handle all the online payments related stuffs start from the credit card machines, credit card processing, safe transaction, and else until the sales revenues arrive at your bank account. Any type of businesses can apply at BusinessFunders, the rate is competitive and yet there is no application fee. Read more information about small business merchant accounts offered by BusinessFunders.
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