Utilizing Small Business Capital: Is it the Right Time to Expand your Business?
Sometimes the perfect moment arises to expand a flourishing business, but the capital needed isn’t available. New or small businesses lack a lengthy credit and payment history to entice traditional lenders, making expansion increasingly difficult. When current existing capital is needed for inventory, payroll, monthly expenses, and taxes, it is often hard to save up enough capital to fund a major project without having to wait a substantial amount of time. With a Merchant Cash Advance, you can receive the capital you need without the wait.
It is always a good idea to start with your local bank, but often times even if you have an established relationship with a traditional lender, securing a loan is not easy. Personal credit history, limited assets or lack of payment history are all included in the strict guidelines for lending by your local bank, but it is not the only option for securing the Small Business Capital needed to expand.
A Merchant Cash Advance is a great option for small businesses that need capital to fund an expansion. Qualified business owners can utilize a cash advance for any of their needs, including using it towards growing their business. Whether it be for securing a larger location, buying new equipment, or hiring additional staff, an influx of capital when it is most needed is exactly what a Merchant Cash Advance can provide for your business.
Learn more about how a Merchant Cash Advance from American Stimulus Funding can help expand your business.