Every budding entrepreneur needs to anchor on something strong to make his business work. Conventional small business loans do not always fit the needs of the entrepreneurs. Take for example banks, which may require lengthy applications and documentation; insist on how money must be spent; or at times, they deny applications based on FICO criteria or lack of asset collateralization requirements.
Good thing there is RapidAdvance, a company that provides business capital funding for people who want to expand what they have already started. They have provided for over $500 million in working capital to thousands of small businesses already. 85% of their eligible clients renew their contracts. They pride themselves with customer service excellence. They are social media-friendly, easy to contact and reliable. These are some of the reasons why they are chosen by many budding entrepreneurs. Their flexible small business loan program is just right for businesses that are looking for something more than a traditional loan. The programs they offer have ranges which can cover every size and type of business. They will give you the capital you need with minimal paperwork, no asset collateral and best of all, no several months waiting period because they give their decision in a span of 48hrs.
Advantages of the Small Business Loan Program
The Small Business Loan Program is one of the many financing programs available. It is designed for small businesses which are intended for expansion. This program has already helped other business people who wish to draw capital from outside sources. Here are the top 5 advantages of this program:
1. The Financing is based on the Gross Sales and Business Cash Flow
Review the cash flow of the business to ensure you do not have to pay for what you cannot afford. This means that the loan you will get is at par with how much your business is earning. This way, you are assured as well that you have the capacity to pay off your expansion loan.
2. The Repayment for the Financing is Structured based on your Historic Cash Flow
This would allow the businessman to pay-off the debt in a way that it would not be much of a burden to the business. The historic cash flow also aims to track on how you spent your cash which will also give you an idea on what to do to avoid losing much needed cash on things that are not worthwhile.
3. Simplicity of Repayment
Another great thing about an alternative business loan is the “Fixed automated repayment allows for simple repayment and cash flow management”. This mode of repayment is simple, easy to track and hassle-free.”
4. No Fixed Asset Collateral
It is good to know that this program does not collateralize against fixed assets. No need to worry about losing fixed assets. This program has made it easy for you to find collateral which will be sufficient enough to cover for the payment you need to make.
5. Protection of Margins and Cash Flow
The program will not try to freeze your capital.In fact, it will allow you to maximize available capital while protecting your margins and cash flow.
Loren is a financial consultant working with a a Mortgage Firm. She is a avid twitter user who tweets regularly. Recently she read on twitter about rapid advance reviews and how they help business grow when they are stuck financially. She is now following them on twitter.