Cash Advances On Your Merchant Account Are The Convenient Way To Get Funding In Today’s Business Climate

Money makes the world go round and there is no other world that relies more on money than the world of business. If you own a company then you realize how true this is and you know just how important it is to have a positive cash flow so that you can take care of all of the aspects of your business. The good news today is that you do not have to visit the local bank if you need to get money because you will be able to do this a lot more easily with funding options like merchant cash advances. This is a new way to get money that has been around for a while, but really rose to prominence at the end of the 1990’s. Today’s companies benefit from these types of lending solutions and what we are going to do now is look at why this is. Once you have a more solid understanding of what a merchant account cash advance can offer you, it will be easier for you to decide if it might be a good choice for your business.


What Are Merchant Account Cash Advances and How Do They Work?


For one thing, this is really nothing strange or out of the ordinary because it is essentially unsecured business financing just like any other, except it is based on your future credit card sales. Today’s merchant cash advances are usually paid back by taking a small percentage of each credit card sale you make so you do not even need to make payments. This is what makes them so simple for business owners who have enough things to do without keeping up with yet more payments. These types of financing work because they make life simpler and they allow you to focus on bringing in more money. They facilitate commerce by being a convenient kind of funding solution that works perfectly for any company that accepts credit card payments.


Why Are Merchant Cash Advances a Good Choice for Many Kinds of Businesses?


As you might imagine, when surveyed, most business owners cite the fact that these cash advances are easy to get approved for as a reason that they prefer using them. With merchant cash advances you get the cash you need quickly and so long as your credit rating is around 500 or so, you should have no problems. Even if it is not at the level it should be at, you will be glad to know that alternatives exist which will allow you to still get the cash advance you are seeking. For businesses that have steady sales, these are excellent because they can get you the money you need to stock up on low priced inventory, run an ad campaign to bring in new sales or do something similar to help you raise the level of profits you can expect from your business.


Are There Merchant Account Cash Advances Advantages You Should Consider?


Absolutely. These funding products are a good idea because they greatly reduce the hassle that you would experience if you went through a more traditional lending institution such as a bank. With these types of cash advances you will normally not have to wait very long, maybe 2 weeks to get the cash you need, but often quite a bit faster. It all depends on the lender you end up choosing, but you do have a lot of places that will offer merchant cash advances today so you will have your pick. You should also know that since these advances are paid back in such small increments, you rarely experience a strain on your cash flow which is certainly something that is going to make your business easier to run. Those advantages alone make this an option which is well worth considering for those that need a good way to get cash they can use quickly.


How Can You Make Sure You Found the Best Provider of Merchant Cash Advances?


For those who know about these merchant cash advances, it is a good idea to shop around so that you end up finding the right provider. Many times, you will discover that you can get a lower interest rate if you do some comparison. Using a comparison site like on the web, you will be able to dramatically reduce the amount of time it takes you to compare a number of offers. This is the way that most business owners go about it today because it is faster and saves them money over just going to each merchant cash advance provider one a time.

Getting financing for your small business doesn’t have to be as tough as you think…To apply for a business loan and receive multiple rate quotes Click Here!

Your June Small Business Checklist

This article touches upon how it can get pretty slow during the summer and what to do in order to pick things up such as promotions etc. Also goes into things like motivating employees during this time. As always, read, comment, share and enjoy!

“Summer, summer, summertime. Time to sit back and unwind…”

Unfortunately for small businesses, this song wasn’t made to be taken literally, but that doesn’t mean a business can’t kick up its heels by putting in some perks for customers and employees alike amidst the BBQ holidays. Aside from the standard housekeeping notes I’ve included in this month’s edition of the checklist, you’ll find some creative ideas that will help your business and team avoid any chance of slowing down and keep spirits coasting high.

Create a Summer Friendly Discount (or Product)

I’m always tentative when I mention creating a product because seasonal items don’t always work out for every industry. Creating summer products also requires several months in advance of figuring out what said product is, the budget for everything involved if needed, a promotion and marketing plan, and much more. Plan ahead well in advance if you do decide to create an exclusive item for the summer.

In the meantime, offer a discount during the summer to entice more customers your way. Apparel websites are great about filling up your Outlook inbox with multiple savings throughout the week, but go beyond email and get imaginative. Post “secret” deals to Facebook fans which also serves as an excellent way to keep your brand’s fan page from growing stagnant. Take a page from the San Francisco based grilled cheese chain, The Melt, which occasionally offers new menu items to taste test for free – if you know the password, that is. Hint: they have a Facebook fan page

Check the Date!

If you have an annual report due, and aren’t already using a filing company to ensure that the paperwork has been filed, be aware of your report’s due date for filing in your state of incorporation or LLC formation.

Clean Out Your Inbox

Still spotting emails from Christmas 2011 floating at the bottom of your Outlook? Time to make some folders and file away your messages. For a true email pack rat, the folders mean you don’t necessarily have to delete anything, but you can at least keep your inbox as light and airy as the season.

Present the Opportunity for a Flexible Schedule

The kids are out of school, families want to get together for long weekends, cruise ships are offering vacation package deals, and friends want to go on road trips. If you aren’t careful, your office might start looking emptier than you expected, faster than expected. Work with your team to accommodate any time off requested (which should be placed as soon as possible) and present the opportunity to have a more flexible schedule created. And if your business and staff permits it, offer up the ultimate perk: working a four day workweek, with longer hours on Mondays through Thursdays and Fridays free.

Not quite the 4-hour workweek that Tim Ferriss envisioned, but still pretty tempting.

Getting The Best Rates On Working Capital Loans Is Easier If You Know How

It is often that the day to day of a business that can get a bit hairy. We all know that expenses are going to crop up and things will need to be dealt with from one day to the next, but when you run a business your cash flow really does become a major source of stress on many occasions. All companies want to be able to get the best when it comes to funding, but if you have tried to get a loan from a bank recently then you understand that this is a lot easier said than done. Most likely, you are going to wind up having to try to find another route because it is just not easy to work with today’s lending institutions unless you have flawless credit and amazing cash flow that rarely falters. On the other hand, working capital loans could be a more viable solution to your money needs and this is what we are going to look at today. We will find out what this type of financing is all about, who they could be good for and where you might look for one if you decide they are the right choice for your business.

What Are Working Capital Loans and What Are They Used For?

Financing of this kind is all about making sure you have money for the everyday expenses involved in running a business, such as paying accounts that need to be brought back into the black, covering an order you need to make or even paying your employees. With working capital loans you can take care of all these things. What this type of financing is not for is purchasing long term investments or things that are extremely expensive. The best way to use financing of this kind is to help you get things straightened out in the business and to recover after a slight mishap or during a lean period in sales. You will find that working capital loans are also referred to as unsecured business loans, merchant cash advances and a variety of other terms. These are usually one in the same, but there can be distinctions that are worth investigating. Generally speaking, any relatively small funding that will be paid back within 30 to 180 days is going to be considered one of these all fall within those categories.

How Does a Lender Decide Worthiness for Working Capital Loans?

Typically, most lenders today would like to see a credit score that is around 500 before they decide to invest in you and your business. There are exceptions to this general rule, however, so do not despair if your company’s credit score is not currently stellar. You will want to remember, too, that with funding of this type it will help if you accept credit cards since this will give the lender an idea of what you tend to realize in terms of sales revenue and they can often do an arrangement where they collect a very tiny fee from each credit card transaction until the funding is paid off. This can be a good way to go and will help remove any hassle that you might associate with having to deal with conventional fixed payment loans. If you do it the right way, financing of this kind can really get your business back into a cash flow positive state and that’s never a bad thing!

What Types of Working Capital Loans Are Best to Consider?

As mentioned before, merchant cash advances are one type of financial instrument that can work out well and be used for working capital. If you accept credit card payments then financing you future credit card receivables can work, as can accounts receivable factoring for those that do not accept credit cards. You have a range of choices to consider and by looking around, you can usually find the right fit for your particular type of business that is not going to be a hassle for you to deal with and gets your money to you relatively fast.

How Can You Find Providers of Working Capital Loans Right Now?

Consider shopping around before you make a final decision as to which lender you want to work with. This is often the fastest way to get what you want and really can give you some amazing advantages that you might not have considered. If you make sure that you compare offers on a site that is designed to do this like, you will almost always find the best possible rates and programs.

Getting working capital loans for your small business doesn’t have to be as tough as you think…To apply for a business loan and receive multiple rate quotes Click Here!

3 Ways to Visualize Your Profits

Words can have great power or they can put you to sleep! In business, a great way to get your point across visually is by using graphs. Here is a great article about different types of charts that can help convey your message. Read, Comment, Share & Enjoy!

You can’t understand what you can’t visualize. Here’s how you can use compelling graphics to bring life to your profit story.

There is an old business aphorism, “you can’t manage what you can’t measure.” While not terribly accurate as a statement of fact (we must manage many intangible, immeasurable aspects of our particular business), the statement works as an exhortation to measure key business drivers better.

In a similar vein, we might say, “you can’t understand what you can’t visualize.” As strategic advisers we put a lot of effort into different ways to show key business drivers (e.g., sales, growth, margin, asset utilization, etc.) in easy-to-understand graphics. Thus we can bring to life the opportunities and challenges a business faces.

Here are three different profitability graphics we routinely create.

1. Waterfall charts (aka Mekko or Marimekko charts)

A waterfall chart is a plot of revenue on the X-axis and profit margin (i.e., profit as percent of revenue) on the Y-axis, rank-ordered from highest- to lowest-profit product, geography or customer.

Figure 1: Waterfall Chart

With these charts you can easily see which parts of the business are highly profitable, which ones are near breakeven or average, and which ones are struggling with profitability. We also color code common groups of products or customers (e.g., large customers one color, medium and small customers other colors) so that we can get a visual sense for which groups are on the left or right sides of the chart.

2. Walk-forward charts (known [confusingly!] in some circles as waterfall charts)

We often use walk-forward charts to compare the profitability of one segment to another, or to compare profitability from last year to profitability this year for a particular segment. Often there are two or three key drivers of profit performance among customers, such as price, product mix and cost-to-serve. To make the chart clear, we often color the negative bars differently from the positive bars.


A chart like this can really highlight the business drivers of differences in performance between segments. Big negative or positive profit drivers can really stand out in this view.

3. Revenue vs. cost charts

A different way to compare profitability between segments is to look at revenue per unit vs. cost per unit for each segment. In the chart below you can see that we use a mark above each bar to show revenue per unit in the segment, and we stack several bars for the various costs required to serve the segment.


In this graph we can quickly compare the differences in revenue per unit across segments and simultaneously compare the differences in cost per unit. In the example above, our lowest-price segment is actually very profitable because the cost-to-serve in that segment is well below average.

Charts like all of these above can often tell the story of your business in a very compelling and easy-to-visualize way. If you need to convey what is working well in your business and what areas need improvement, charts can help you deliver the message.

Entrepreneurs Find A Way Around Detroit’s Troubles

Article about the entrepreneurs of Detroit that are taking matters into their own hands because nothing is getting done with the current government gridlock. Read, enjoy, comment and share!

Grand Hotel

Grand Hotel (Photo credit: Wikipedia)

The magnificent, 660-foot porch of the Grand Hotel on Michigan’s picturesque Mackinac Island is a place where the state’s movers and shakers congregate each year to trade ideas on how to shape the state’s future.

But this year, there’s one group missing from the Detroit Chamber of Commerce’s annual Mackinac PolicyConference: the policy-makers. State legislators are hunkered down in Lansing, trying to pass a state budget while Detroit city leaders are preoccupied with trying to manage its fiscal crisis under the shackles of a state oversight board or risk bankruptcy.

What’s fascinating to me, though, is that it doesn’t really matter that the politicians are absent, or at least marginalized, this year. The real movers and shakers are the entrepreneurs and business leaders who are moving the state’s economy forward in spite of government gridlock.

Regardless of how the crisis is resolved, investors have factored Detroit’s financial problems into their calculations and decided to invest anyway.

“Competition is national, and international. If you don’t capitalize on opportunities, you get left behind,” Tim Bryan, chairman and chief executive of GalaxE Solutions, told me during a break between sessions. His IT services company has hired 150 high-tech workers in downtown Detroit and served as a magnet for other companies seeking highly skilled workers. “You can’t stop what you’re doing to wait for the fiscal crisis to be resolved. It’s not an option.”

Business, like nature, kind of finds a way,” said Sandy K. Baruah, the president and chief executive of the Detroit chamber. “Obviously, we have problems in the city of Detroit, but business is finding a way to overcome that.”

It helps, of course, that after a couple of disastrous years, the auto industry is springing back to life, spurring hiring across the region in many related industries. But other companies, big and small, smell opportunity in Detroit and are moving to capitalize on it.

“The people in Detroit are interested in the entrepreneurial side of food and urban agriculture. They told us they wanted fresh, clean stores,” said Red Elk Banks, executive operations coordinator for trendy supermarket chain Whole Foods of Texas. “That’s when we decided we have to go in there, act a little crazy and open a store.” Its 20,000-square-foot store in a resurgent Midtown neighborhood will be the first new grocery store in the city in many years.

The spin-off effect is already evident. Banks said Whole Foods has handed out $10 million in loans to local food producers. “Part of our business model is taking small local food producers and helping them scale up,” said Banks. “We’re only successful if the local food economy is successful.”

New shops, services and restaurants are opening up at a pace not seen in decades. Meanwhile, companies like Blue Cross Blue Shield of Michigan are consolidating their workforces downtown, and two large hospital groups, the Detroit Medical Center and Henry Ford Health Systems, are together spending more than $1.5 billion to expand their respective campuses. Quicken Loans moved its headquarters to Detroit and its founder, billionaire Dan Gilbert, has acquired and modernized nine buildings downtown to create a new hub of IT activity.

Detroit still has to fix major problems, including crime, schools and broken infrastructure, said Baruah. “Even with the challenges today, businesses are investing. Imagine how much more business investment will come when we take care of these problems.”

Looking Into The Merchant Account Loan And Learning About Your Options

Businesses today know that staying financially viable is one thing they have to make sure they do because they have to be ready to face any challenge as well as to seize any opportunity that may arise. It’s not always easy to get the best results in business, but once you know your options you will be far better positioned to make better decisions. What matters most is that you consider what various kinds of funding can do for you. Once you have money ready to utilize, should you need it, you will find that you can make far more effective decisions. A merchant account loan is one way to make sure that you have cash flow available, but this is not the right choice for every business out there. Let’s find out more about this type of financing by taking a more in depth look at them. You will learn what businesses benefit from these types of funding, what types are available and, if they are the right choice for your company, and lastly how you should go about finding the best rates and terms.

What Kind of Companies Can Make Use of a Merchant Account Loan?

The necessity for this kind of financing is that your business has a merchant account, meaning that you process credit card sales/payments. So long as you do this, you will almost certainly be able to get financing of this kind. As a general rule, merchant account cash advances are easier to get if your personal credit score is at least 500 and you are in relatively good standing with any lenders you have worked with in the past. For the most part, merchant account loans are pretty easy to get and a number of financing companies offer them. They are almost always simpler than trying to get financing through a bank which these days can take a very long time, involve a whole lot of obstacles and do not always result in an approval unless you have very good cash flow and a near perfect credit score.

What Types of Funding Are Sometimes Referred to as a Merchant Account Loan?

It turns out that when most people speak of this type of financing, they are using it as a blanket term. A merchant account loan could include financing or factoring for credit card accounts receivables and sales. You might also find some people referring to unsecured business loans that involve your credit card processing receivables as an element in determining your eligibility for funding as this kind of financing. You might even see a business cash advance that takes your accounts receivable into account being called this. Regardless of the term used, this is an excellent way to get funding for your business and it is quite fast, which makes it a very desirable option for a lot of businesses. That is what makes it well worth considering in this financial climate.

What Are the Strengths/Benefits of a Merchant Account Loan?

When time is of essence, this kind of financing can be very good because you normally will not need to wait for very long for an approval. It typically takes about 2 weeks to from start to completion so long as you are in good standing with the financing company and there are no unusual hang ups. Also, you will typically have anywhere from six to nine months to pay off the balance so that means you are not going to be faced with a lot of financial pressure and that is certainly a plus. For those that have a fairly steady stream of sales, this kind of funding can be optimal to use to make improvements that will bring in further sales which is precisely what merchant account cash advances were designed to help small businesses be able to do.

Sorting Out the Best Places to Get a Merchant Account Loan Today

You should know that there are quite a few merchant account loan companies out there who can provide you with this kind of financing for your business. Before you decide which is going to be the best choice, it really does make sense to try and look around for the best terms. You want to be able to work with a company that offers you a nice, low factor rate and that has a good reputation, too. If you use a comparison site like www.smallbusinessloanrates.comthen it is going to be a lot easier for you to see what types of offers are out there and which can help your business the most. With a product like this, comparison shopping is always the best way to go!

Getting financing for your small business doesn’t have to be as tough as you think…To apply for a business loan and receive multiple rate quotes Click Here!

10 Tweet Ideas for Small Business

Informative  article about how newbies can make use of twitter in order to inform their customers about their businesses and to attract new business as well. Enjoy and leave feedback!

Growing numbers of small and local businesses are discovering that a tweet can be a powerful tool for making your presence known among customers, prospects, your area and your industry. In particular, Twitter is great for helping amplify your marketing messages and grow your business.

More and more of your customers are joining and using Twitter, so if you aren’t there you’re missing an opportunity to be part of the online conversation. To use Twitter effectively, what you Tweet about – your “voice” – should reflect the online identity of your business.

For example, you can tweet about the value your business brings by sharing links and photos with your followers and letting them see what happens behind the scenes. The more people who talk about your business on Twitter, the more followers – and customers – you will get.

Here are 10 ideas for things to tweet about on a regular basis from Twitter for Small Business:

1) Offer Special Promotions: Consider creating special promotions available exclusively to your Twitter followers. Some businesses tweet a special offer code or secret word that customers can mention to get a discount when they visit your business.

2) Go Behind The Scenes: Tweet behind-the-scenes videos or photos that provide access to information your followers can’t get other ways. A bakery, for example, might tweet photos of how the breads and muffins are prepared.

3) Media Mentions: Whenever there’s positive news about you or your business, or perhaps your industry in general, that’s something to tweet about. Be sure to mention the media outlet where the story appeared, and include a link if possible.

4) Helpful Hints: Try creating an ongoing series of helpful consumer tips related to your product or service that people would find interesting or surprising. A chef might tweet helpful kitchen tips or recipes. Or a clothing store might tweet ways to match current trends and vintage items. Establish a regular day for sending your tweet tips and people will start to look for them.

5) Spotlight on People: Look for ways to focus on the people who help create a positive customer experience at your business. You might, for example, include photos of them at work.

6) Tweet Offers and Incentives: One easy way to boost your audience is to offer a discount to anyone who retweets your offer – but only if you reach an established number of retweets (perhaps 10 or 20). Offer customers a reward of some kind if they mention your business – such as a free trial or extra service. (It’s also a good idea to include a link to the terms and conditions of your offer.) Some businesses ask customers to show them the tweet on their phones at checkout. Online sellers sometimes send the follower a discount code that can be tracked at checkout.

7) Try Some Q&A: Pose a question in your tweet and then answer it yourself with a link to your website or another location. For example, a car dealer might ask “What are the top 10 reasons that people buy a new car?” and then link to a blog post that provides the answers. Or a golf shop might ask “Is there an easy way to correct a slice?” and link to the answer.

8) Entertain and Inspire: People love to share positive tweets that entertain or inspire them in some way. The tweets that are passed along or “retweeted” the most usually contain links, photos or videos. Remember that when you tweet something interesting it has the potential to be shared among many prospective customers.

9) Tweet Photos: Experience shows that a descriptive tweet that includes a photo will not only get clicks, it will inspire people to share it with others by retweeting it. Think of it as a caption and photo combination. The words in the tweet are the “setup” and the photo is the punch line.

10) Base Your Tweet on a Quote: Some businesses inspire customers by tweeting pertinent quotes from business, literature, history or pop culture. Try to choose quotes that your followers will find inspirational enough to pass along to their own followers.

Copyright © 2000-2012 BizBest® Media Corp. All Rights Reserved.

How to Find Your Most Valuable Customer

Great article from about how your best customers are the ones who critique your failures as opposed to the ones who only pat you on the back. How else can you find out what’s wrong with your business’ s nuts and bolts other than from the vantage point of a disgruntled customer…enjoy!

You know that guy who loves your products? Bad news: He can’t help you improve your business.

Your most valuable customer isn’t the guy who pats you on the back. Your most valuable customer is that disenchanted and disheartened soul that chose your product and then concluded that even your support center couldn’t solve his problem.

He can tell you, as no one else can, where you are utterly failing. Unfortunately, you might never hear from him unless you seek him out–and are then willing to hear what he has to say.

Smart entrepreneurs realize the importance of customer feedback when building a new business. User surveys can provide valuable insights, but they often don’t reach those customers you need to hear from the most–the least satisfied and most disappointed. Those folks aren’t going to take the time to fill out a form or stand still for a survey to help you fix your business. They’ve moved on.

In order to find out where they’ve moved on to, and why, you’ll likely have to gather some data on your own. Start with these steps.


Luckily, locating your most disenchanted customers usually isn’t that difficult; just ask your support team. They’ll know who they are, and might even describe them (off the record) as “pains” or “wackos.” Get their numbers. Find a quiet place. Get ready to hear some criticism. Be prepared to learn some important information that may do wonders for your bottom line as you get a chance to repair problems you didn’t even know you had.


Disenchanted customers really don’t want to hear from customer service. However, they will likely take a call from the chief executive of the company.

And once you have them on the phone, you’ll need to remember that those angry customers didn’t start out that way. At some time in the past, each of them made an affirmative decision to purchase your product or service–they believed in your company and your offering. Only later did they discover a problem.

Your goal is to find out what happened, and why, so that you can fix it. As you call them, keep that in mind. They were in love with you–or at least liked you enough to give you their money. Now, they’re like jilted exes–wondering what they ever saw in you and not really wanting to give you the time of day.


Failing the customer almost always falls into one of three categories: The product was truly faulty, the documentation was incorrect, or customer expectations weren’t properly managed. Most customer service departments really only know how to deal with the first two.

Unfortunately, the customer who falls through the cracks is most likely to be in the third category. Managing expectations is something that needed to be done by the sales or marketing team, and is very difficult to repair in hindsight.

On the other hand, if you can identify where your marketing or sales presentation failed the customer, it can be among the easiest problems to fix–and will help you prevent any number of similar situations in the future.

And you get all that for the price of a phone call–and a few minutes of your time.

Everything You Need To Know About Business Cash Advances

In the past, whenever a small business was looking for a loan, they would turn to their bank who would almost blindly hand them over the money. This isn’t the case anymore at all, with banks and other traditional lenders having increasingly stringent acceptance criteria. However, small businesses still need additional finance from time to time and this has opened up the market to a range of alternative financing providers, including those offering business cash advances. There are pros and cons to this type of financing which we will review. However, what is most important to remember is that systems need to be in place to allow small business to borrow money to allow them to survive. After all, they make a huge contribution to the economy, both in import and export, market exchange and providing jobs.

What Are Business Cash Advances?

So what is this type of business financing? Basically, with business cash advances, a lump sum payment is offered in return for a share of sales to be made in the future. They tend to me mainly available for restaurants and retail businesses as well as any other businesses where customers pay mainly by credit card. This is because it is the future credit card sales against which the loan is provided. Generally, only companies that have no collateral or those with bad credit ratings apply for business cash advances, mainly because it is a very expensive form of financing. However, we do have to consider that at the very least, it allows small business to get a hold of the necessary capital to ensure they can remain afloat, have the capital necessary for growth and continue their contribution to the economy.

How Do Business Cash Advances Work?

When you apply for a business cash advance, you will need to produce statements of your previous credit card sales. In the past, business cash advances were only available to those who had at least six months to a year of previous credit card statements, but this has gone down to just three months with certain business cash advance providers. However, business cash advances are not suitable for businesses that require money in order to start their business up. The cash company will then calculate how much a business can borrow against their future credit card sales, generally no more than 150% of their monthly sales figure. A special credit card terminal will then be provided to the business, through which every single credit card transaction will go. A percentage of each transaction – usually between 8% and 14% – will go straight to the cash advance provider. The outstanding balance will always include the initial borrowing fee, as well as the interest amount. Usually, these are classed as short-term financing, with a period of around six months to a year.

The Pros And Cons Of Business Cash Advances

There are quite a number of disadvantages to this type of lending. Business cash advances are pretty expensive compared to other types of business financing. Cash advance providers are trying to escape scrutiny by promoting industry standards. The cost of this financing is high, with equivalent interest rates being between 60% and 200% APR depending on credit and industry type . This is why it is very important to understand what the costs of this type of financing is and why it should only be used if no other options are available to the business. It is always advised to spend some time comparing the market via comparison websites, initially to find the best type of financing and then to find the best deal within that type of financing.

There are advantages to business cash advances too. One of the main advantages is that they are one of the few types of financing that are available with credit difficulties. Secondly, because the payments are taken out of credit card sales automatically, there is no need to keep money aside for monthly payments. If one week, sales are slow, less actually money is taken out of your sales and in a good week, businesses are able to pay back more of their obligations.

Getting financing for your small business doesn’t have to be as tough as you think…To apply for a business loan and receive multiple rate quotes Click Here!

Make The Most Of A Small Business Loan And Really Prosper

Businesses fail or succeed based on cash flow, but one thing that a lot of people who do not yet run their own business often do not understand is that loans are almost always going to be essential to achieving prosperity. If you are serious about succeeding in business, then the small business loan is one part of running your company that you are going to need to learn to apply for and then spend wisely. Staying cash flow positive and raking in the profits is a nice fantasy, but most business owners will tell you that they spend a good portion of their time trying to repay the debt that they have to take out to keep their business open even when profits are not happening. Let’s take a look at how you can use your small business loan to your best advantage. This will be knowledge you can use for years to come.

The Best Time to Apply for a Small Business Loan is When You Don’t Need It

That’s right, if you are considering applying for a loan, your odds of getting it are going to skyrocket if you apply not when you need the money most, but when you do not need it at all. What in the world does this mean? It means that you should take out a small business loan when you are profiting and use that money to expand your business so that you are not taking from your existing profits. While this might sound insane to some, it is definitely smarter than spending your profits to expand only to wind up coming up short when crunch time hits. You will then keep a buffer between you and bad times, but with your loan you have expanded your business in a profitable direction to help make sure you are potentially earning more when tough times finally do arrive.

What Are Some Things a Small Business Loan Can Help Your Business With?

Most small businesses do not have many employees and that means the owners themselves get stuck doing maintenance and repair work. If you have a store or other place of business that the public sees, keeping it clean and in good shape is one thing that a small business loan can help you do. You might also choose to upgrade your software, equipment or other items that you use regularly. Do these things before you absolutely must do them to keep your business running smoothly and you will end up better off. Another smart idea is to invest in advertising because when you focus on bringing in more business, you are bound to see your profits rise. That is going to show the lender who gave you your loan that you were a smart investment. They will remember that when you go in for a new round of funding.

Are There Any Things I Can Do to Make Getting a Small Business Loan Easier?

Absolutely. For one thing, keep good records because lenders will want to take a look at your books. They also want to see a solid business plan that charts your path out for the next several years. You are not trying to excite lenders when you go in for a small business loan, you are trying to assure them that you are practical and will not only keep the business afloat, but profit enough that repaying the loan will not be a problem for you. You can also make sure that you have good credit since nearly all lenders are going to want to see that this is the case before they consider lending. The more you can do to act with conservative care in your finances, the better your chances of securing a loan for your small business become.

How You Spend the Money is What Matters Most

Again, be sure that you are investing that loan to the best of your ability. Use it to do things that are going to drive your profits up. Too many business owners decide to expand production without first expanding demand for what they produce. You want to think ahead and use that money to make your business more attractive to customers since that is the lifeblood of your operation. If you advertise heavily in the right places, you are sure to expand. Use the money to get better signs, expand your web presence or do whatever you need to in order to bring in more profits and loans will never be tough for you to get.

Getting financing for your small business doesn’t have to be as tough as you think…To apply for a small business loan and receive multiple rate quotes Click Here!