Capital Funding For Small Business

Business Financing Advantages For Nightclubs

The bar and nightclub sector is heavily dependent on the economy and recent developments. Unless a nightclub keeps abreast of what its customers want, chances are that its patrons will take their business elsewhere. As an owner of a nightclub, you need to invest the money and time required to meet the ever-changing demands of club-goers. Therefore, Nightclub financing is an option you could consider if you own a nightclub.

How Can Financing Help?

● Marketing And Social Media: In this digital age, marketing is usually done through social media groups such as Instagram, Facebook, and Twitter. With the right funding, you can use these tools to your advantage to bring in new customers. Interacting with customers online helps build a two-way conversation with your brand and helps retail loyalty in the long run.

● Inventory: A successful business will not only have adequate inventory but will also offer a variety of drinks that customers normally look for. Unless you stock the right inventory, your business will not grow. This is how nightclub business financing can help as it provides the financial backing you require to get your business going.

● Technology: The latest technology can make a significant difference to the operational aspect of the business. Investing in the right software can streamline operations in the bar and the kitchen and will make the whole unit run like a well-oiled machine.

● Expansion And Renovation: To meet the ever-changing demands of customers you have to constantly expand and innovate. From upgrades to the furniture and interiors to displays signs and lighting, aesthetics can make a positive difference to your business.

Nightclub business financing can give you the leverage that you need to grow your nightclub and take control of the competition. Pick a small business lender that offers a clear and transparent process with no hidden costs involved. For more details, call 800-828-0452 today!

Utilizing The Small Business Funding Option For Your Business Growth

A small business, in general, is any company that hires less than 500 employees or falls under a definite industry’s yearly receipts limit. These small businesses help in providing employment, driving local economies, and also help to sustain the functions vital to any country. However, it is very challenging to sustain a small business.

Apart from all the hard work and ideas which go into making a small business successful, cash inflow is vital in sustaining one. Money and time, without a doubt, are the two essential factors necessary for the growth of any business.

If you do not have the capital to execute your business plans, it is a clear indication that you need to start looking for ways to gather the same. Below are a few examples that might require capital funding:

Employing additional staff
Adding extra divisions or places to the business
Purchasing additional equipment or inventories
Repaying an existing debt
Obtaining funds for rent, wages and so on

This is where small business funding can come to your rescue. Various business funding companies offer cash advances as quickly as 2 to 3 business days. This option can be availed by using their online procedure that is also termed as small business funding online. This online option results in faster processing, which means you can receive a credit for your business in the minimum time frame. This, in turn, enables you to discover fresh prospects as they come your way.

One major advantage to consider while opting for cash advances from business funding companies is the control over your business. These companies enable you to reserve the ownership of your company by providing you the funds you needed to expand and grow your business. Many of them provide cash advances at extremely flexible costs. Such cash advances enable you to redesign your business schemes to match the active work environment.

Small Business Funding Online: For more details on Business Funding, call 800-828-0452 today!

Utilizing Automotive Business Financing For Your Business Growth

When you own an auto repair shop, it is very common for people to assume that it’s a very easy and stable kind of business. And why not when everyone has a car and needs a professional mechanic for repairing and maintenance from time to time?

Surprisingly, no business can be easy. Like all other types of businesses, even automotive business comes with its own set of challenges. For example, the high cost of running, low margins, large investments, high maintenance of heavy equipment, constant upgrades, and so on. Apart from these, there are also other regular expenditures such as utilities, wages, insurances, overheads, etc. that make profit-making a bit difficult.

In such cases, Automotive Business Financing comes up as a great help for business owners. Several non-bank alternative financing companies offer Cash Advance For Auto Repair Shops at flexible cost structures. Below are the three best ways to utilize these funds and boost the profits in your business easily:-

Promotion:

Promoting and marketing your business is one of the best ways to gain more clients in a short while. Thus, investing some part of your cash advance to attract customers through campaigns, advertisements, events, discounts, and offers can do wonders.

Managing Inventories:

In most of the cases, Automotive Business Financing is utilized for the management of inventories to cater to different needs. For example, you cannot service different brands of vehicles until you have a fair amount of stock of spare parts.

Providing Extra Services:

Offering a secondary add-on service apart from servicing and maintenance can be extremely helpful in making another steady revenue source when you have thin margins in the business. Therefore, a Cash Advance For Auto Repair Shops can also be utilized for offering services such as car wash, car paint, scratch correction, etc.

So, if you are also looking forward to growing your automotive business in a short time, consider applying for an Automotive Business Financing from a reputed non-bank financing company. For more details on Automotive Business Funding, call 800-828-0452 today!

Make More From Your Medical Store With These 3 Simple Upgrades

If you have been wondering how you can increase the profits of your medical store, then this article is a must-read!

Firstly, you have to understand that for generating more revenue, you have to offer more. More products or more services or maybe both! We recommend the following three expansion ideas:–

Turn Your Medical Store Into A Healthcare Business

Offer your customers more than the medicines they come in for. Create an all-round health and wellness-based business by offering alternative remedies and high-quality healthcare products.

A medical store business financing can help you remodel your store and order fresh inventory.

Medical Store Financing — Medical Store Funding

Offer Consultation Space

Add services in partnership with local healthcare practitioners. You can rent out space in your medical store to professionals for services such as acupuncture, reiki, massages, physiotherapy, and related fields.

You can use Medical Store Business Funding, from alternative lending companies to construct an additional room on your premises.

Go Offbeat

Why not stock items in your store that are not readily available in the nearby supermarket? You can also take this further and offer services that are not related to your store but could be useful for your customers, such as home delivery service for senior citizens.

A little bit of cash in the form of a small business capital funding would be enough to do some research and stock up on difficult-to-find essentials. A slightly larger bit of capital could be used for setting up a new service and to advertise it.

Bonus, No-Cost Option

Rent out your storefront for local advertising! For a small fee, you can market other local businesses to your customers.

So, what do you think of non-bank Medical Store Financing options? Would you like to add some ideas? Do tell us your thoughts in the comments section below.

Three Smart Reasons To Apply For A Trucking Business Funding

To an outsider, a trucking or transportation business might appear like a straightforward business model. One that seems highly profitable once you have invested in purchasing the fleet. However, the reality is that, like any other business, it also requires constant upgrades and has its share of operating costs. In fact, in a trucking company, the nature of the business and the equipment demands even higher running expenses than other small businesses. From dealing with breakdowns and accidents to insurance and workforce training costs, a trucking business owner will have much to pay for the whole year round!

Naturally, having access to easy business funding can be extremely helpful for running the business smoothly. But beyond that, trucking fleet owners can do much more with alternative online funding. Here are a few ideas:-

Upgrade And Add Technology

You can use trucking business cash advance to enhance the productivity of your entire business. There are many new, specially designed devices in the market that can help you become faster and more efficient. From next-gen GPS to track your shipment to company-wide CRM software to automated web portals to connect your clients to their shipments – simple one-time upgrades and integrations can help you deliver better customer experience AND cut down wastage. Use trucking business funding to add these without stressing your cash flow.

Training

Training and compliance are critical to stay safe on the road and to avoid massive insurance costs and fines. We have seen many of our clients from this industry using a trucking business funding to stay on top of the stringent government safety norms by providing the latest driver safety training required by the Federal Motor Carrier Safety Administration (FMCSA).

Advertising

Trucking businesses must also contend with the competition. Getting new clients and retaining old ones doesn’t just happen organically. It requires constant marketing efforts to stand out in a crowded industry. You can use trucking company funding to build your reputation and launch a professional advertising campaign.

Are you already using alternative lending funding offers in your trucking business? Do tell us how you are leveraging easy alt-finance capital to grow your business in the comments section below!

How Do Alt-Lenders Offer Capital Funding Without Considering Credit Scores?

In the small business community, it is well-known that if you don’t have a decent credit history, then the best (and easiest) way to get business funding is through online alternative lenders. There is no point approaching banks and credit unions at all unless you can offer collateral AND have a perfect credit score. Thankfully, alternative Business Funding Companies provide capital funding to small and medium scale businessmen without considering their credit scores.

But How Do Online Alternative Funding Companies Offer Assistance When Banks Refuse?

They Have A Different Operational Approach

Unfettered by regulations, alternative funding institutions have a more inclusive mindset. With small business owners, they see opportunity instead of risk, and their business models reflect this thought process. They look at several data points to determine the creditworthiness of businesses, and a credit score is just one of them. This means that even with poor credit scores, business owners still have an excellent opportunity to get the funds they need if they have a great business plan.

They Leverage Technology

Extensive use of fintech has made the procedure faster and more streamlined. In situations where businesses are looking for capital funding for poor credit, technology ensures that alt-lenders find enough transactional data to build a holistic picture of the business’ financial health. This reduces their dependence on simple credit scores.

Less Regulation

The alternative lending sector is also privately funded by investors and hence operates with less government oversight. Banks and credit unions must follow stringent guidelines while approving credit deals, but these online business funding companies have a free hand when it comes to deciding whom they want to lend to.

Conclusion

Alternative Business Funding Companies can provide capital funding for poor credit because they have intelligently balanced their risks and profits and used technology to gain extra margins. Once you take a peek inside their business models, the mystery clears up! Their ability to fund businesses with poor credit scores is neither magic nor an undue risk. It is just a different and smarter business model.

Is It Even Possible To Get Small Business Capital Funding With A Bad Credit Score?

Well, that depends – on where you look, how much you want and what you can afford to pay for it.

Let’s explain in more detail –

Where You Look

If you are looking for small business funding for bad credit, then don’t bother going to a bank or a credit union. You will only waste your time and come back disheartened. It is more advisable to approach an alternative lending institution. An alternative lender would look beyond your credit scores and judge your creditworthiness based on your past business transactions and other financial data. This holistic approval process makes them a much better bet for bad credit funding situations.

How Much You Want

With a less-than-perfect credit score, larger sums are usually only possible if you offer collateral or if you have a really profitable and well-established business. Even then, you might have a terrible time getting approval from banks. Alternative lenders would be a better option for small–to–medium funding needs as they would oblige with unsecured funds even with a low score.

What You Can Afford

You have to calculate your repayment costs very carefully to get the best business funding deal. For example, a business line of credit would be more sensible if you are looking for a long term credit commitment, but a merchant cash advance is better if you want the entire amount in one go and can return it quickly before the costs add up. Since there are a number of flexible repayment options, you need to choose wisely what suits your business model best.

So, to answer the initial question – YES! You can access small business capital funding even with a bad credit score. Lack of a 650+ credit score will not leave your business starved for capital, at least not until alt-lending institutions abound in the credit market!

But do spend some time finding the right lender and the right deal for your business and use your money wisely!

3 Ways A Liquor Store Can Use Small Business Alt-Financing

Liquor stores are a great business as they are considered almost recession-proof and also because consumer demand tends to remain fairly constant with the added benefit of high seasonal spikes. However, it is a highly regulated industry where customers demand specialist knowledge and look to their local liquor store to provide guidance, recommendations, and an extensive product range.

Apart from ensuring that the shop is staffed with knowledgeable employees, owners also need to invest in a vast inventory to cater to expensive and diverse tastes and all this can be costly!

But with a business model as stable as a liquor store, getting financing from alternative sources is no problem at all! Here’s a look at how owners are leveraging liquor store business financing to run and expand their businesses.

Upgrade or expand the store – There are several small business finance options for liquor stores such as a short-term merchant cash advance or a large expansion funding deal, which can be used to grow the business. These accessible financing offers can be used for activities such as buying diversified stock, laying on extra inventory to meet seasonal demand like buying more expensive wines for Christmas or taking the business online.

2. Commercial real estate financing – The buying trend seems to be in favor of mega liquor stores. So if there is a big store competitor in the neighborhood, then the only way to stay competitive is to grow in size. Commercial real estate financing is specifically designed to help business owners buy or lease land/building space to expand their businesses.

3. Working capital financing – Stocking up inventory, keeping experts on the roll, along with insurance payments, utilities, license fees, etc. can all add up to become substantial fixed costs. At times when cash flow runs low, a liquor store purchase financing can be used as working capital to ensure all the essential payments are met on time.

Regardless of good times or bad, people drink. Some would say people drink more when times are tough! But this doesn’t mean that a liquor store is not a demanding business to run. There is plenty of competition, consumer tastes and buying trends are constantly changing, and there is a lot of government oversight to deal with. Having access to easy, flexible, and fast liquor store business financing can be a big help to run liquor businesses smoothly AND to grow.

Business Finance Lenders: When To Consider Them And What To Look For?

Nowadays, small business financing is a straightforward process when you need cash to start, run, or grow your business. There are many funding companies catering for the specific needs of small businesses, so if you need fast cash without too much hassle, then opt for an alternative financing option.

When to consider business finance lenders?

In a recently published Goldman Sachs report, the company referred to these lenders as “shadow banks”. They are defined as lenders operating outside the banking system. Most of these alternative financing lenders are technology-driven, which means there is no waiting period, and you can have your funds at the earliest – often within 24 hours. If your annual revenue is less than $5milion, then business finance lenders are your best way out for securing access to capital. That’s because, in the wake of the 2008 financial crisis, traditional banks are no longer offering loans to small businesses. They are now more focused on the bigger companies because they promise a more significant payback and less risk.

If you are looking for a fast payout, then go for the best small business lenders. Most of them use machine learning technology to underwrite funding, and hence, the process is much faster. While traditional banks believe in a “one size fits all” approach, business finance lenders are flexible and offer personalized terms.

To avoid the high APRs, go for the short-term loans where the cost of the capital is not so high. And did we mention that you will be saved from tons of paperwork? Instead, you can apply for loans online, upload all your documents, and even get it synced to your accounting system — all hassle-free.

There are many online business finance lenders in the market. However, this industry is relatively new and not bound by tight regulations. Hence, it is always advisable to do thorough research at your end before making a financing decision.

3 Reasons Why Alternative Finance Is Best For Automotive Business Funding

If you own a small automotive business or an auto repair shop and often find yourself in need of automotive business funding with quick turnaround time, then the importance of alternative finance doesn’t need explaining to you.

Whether you need capital to purchase a truck or machinery for your business or working capital to cover your critical expenses, alternative automotive business funding is a tried and tested method to secure funding in a short time. If you are still skeptical about alternative automotive business financing, then here are our top 3 reasons to help you think again and make an informed decision.

Automotive business funding – why your business needs it

FAST ACCESS TO MONEY – You know how important it is to have working capital in any automotive business – the parts, the equipment and utilities, and salaries are expensive and must be paid for regularly even when customers stay away! But when you have bad credit, then it is difficult for you to get money from the traditional lenders to tide over low-revenue times. In such a scenario, alternative finance is the best option for you to gain quick access to some cash.

USE IT TO GROW YOUR BUSINESS – The need for professional automotive repair shops has increased exponentially over the past few years. To stay on top of the game, you need to invest in skilled labor, technologies, and equipment constantly. Alternative financing is the perfect way to get quick cash and take your business to a new level.

FLEXIBLE AND HASSLE-FREE – Alternative financing or unsecured business lending have short payment structures, unlike traditional funding. They are also available in many flavors. From short-term, simple offers of less than $5000 to large, secured financing deals of over $200,000 – you can find exactly what you need in the terms that suit you best.

Securing an automotive business funding is not so difficult. There are automotive business lending companies that usually provide the money in less than 3 days from the time you submit the application. However, do remember the amount you receive depends on different factors, including your business’s performance, your personal and business credit scores, business plan, etc. The best way to find out what you are eligible for is by filling an application.