“First quarter would be the ideal time to solve your cash crunch and position yourself for expansion in 2016.” Says Arthur Soriano of e-BIZCredit.com. Better economic conditions and seasonality is favorable for prospective entrepreneurs. Unfortunately, that still doesn’t mean it’s easy to obtain a small business loan from traditional banks. You should still try — but if you’re like the majority of small businesses, you may come up empty.
The good news is that “alternative funding” sources such as https://e-BIZCredit.com can provide businesses with credit challenges and Working Capital needs access to cash quickly. Typically, within 3 days. “Every small business owner knows Cash is the lifeblood and access to capital is paramount. We want to be their partner.” He added.
Having enough working capital is key to every successful business. Working capital — the cash available to cover day-to-day expenses — gives businesses the bandwidth to fulfill their regular financial obligations as well as flexibility to invest in growth. But many businesses, even successful ones, struggle with having enough working capital at any given time. Small businesses are particularly prone to problems stemming from late payments from customers because they often don’t have consistent policies in place about collecting on unpaid receivables nor a dedicated credit manager or collections team.
One Staples Small Business Survey revealed some fascinating statistics, more than a quarter of respondents lose sleep over cash flow (28 percent) AND Almost one third of respondents (32 percent) have a feeling of “drowning in receipts”. An unsecured Business Cash Advance, Line of Credit, Business Loan or Account Receivable Factoring program may be the answer.
About e-BIZCredit.com
e-BIZCredit.com’s mission is to assist the small to medium sized business owner across the US by providing personalized service, in obtaining fast, simplified funding. With Merchant Cash Advance, Business Loans & Lines of Credit, Account Receivable factoring and Commercial Real estate financing.
