Business funding companies Archives - Small Business Funding Online

Two Common Mistakes that Small Businesses Should Avoid

There are thousands of small businesses across the United States, but unfortunately, not all are successful. It takes good business sense and the ability to capitalize on opportunities to really succeed in any industry. With small business capital funding, there are specific steps that you can take to ensure the growth of your business. However, whether you run a retail store, a medical shop, a nightclub, or a trucking business, it is important that you stay away from these dangers.

Staying away from technology

If you are not a tech-savvy business owner, investing in technology can seem a bit scary. However, the right technical products can save time, effort, and cost in the long run. It can also lead to better sales and revenue. For example, investing in inventory management software can help you keep track of inventory levels, shortages, fast-moving products, etc. Business funding companies can help you secure timely finance so you can buy products that will help your business become more effective.

Staying away from marketing

Irrespective of the nature of your business, there is bound to competition from local as well as national stores. As a business owner, you would need to keep abreast of what the competition is doing and then identify ways in which you can increase your market share. With small business capital funding, you can have the working capital to create flyers, brochures, or even a full-fledged website. Further, you can invest in in-store marketing such as window displays, discounts, special offers, etc.

Don’t let financial shortages affect your growth plans for the future. Apply for a merchant cash advance from business funding companies and set your plans in action. With flexible repayments and a stress-free application process, a cash advance is your best possible solution for additional working capital.

Smart Ways to Use Commercial Truck Business Financing

If you’re the owner of a trucking business, you may be already aware of the areas that need an infusion of funds. To take your business to the next level, you need to invest in certain areas to increase profitability in the long run. This is where trucking business funding can help.

Recruiting the Right Team

Unless you have skilled operators handling your fleet, you run the risk of accidents, which may even have legal implications. With trucking company funding, you can hire experienced and trained drivers. Apart from recruitment, as a business owner, you also need to ensure good working conditions as your staff may be involved with loading, lifting, and other dangerous activities.

Covering Maintenance Expenses

It’s a well-known fact that this business has a high overhead cost. From repairs to gas, there is a number of expenses that simply can’t be ignored. Just a couple of months of slow business can drain your finances, and you may find yourself in trouble. To combat this, you can apply for commercial truck business financing in the form of a merchant cash advance.

Meeting Government Regulations

When you have adequate funds in your business bank account, it makes it easier to follow new regulations instituted by the government. From necessary paperwork to investing in electronic monitoring, you can adhere to safety and health standards that are practiced in the industry. Further, with COVID-19, you may have to spend extra on sanitization and maintenance.

While running a trucking business may be expensive, you can meet your financial requirements by applying for a cash advance. This simple application process and flexible structure for repayments will reduce your stress off your business. Contact leading lenders in the market who offer trucking business funding.

Three Examples of How You Can Use Alternative Financing to Pivot Your Business Model

Agility is the secret spice for successful businesses across the globe.

Economic factors keep changing, and technological and geographical disruptions can even leave the most successful businesses struggling. The pace of this evolution has picked up in the last decade, and sometimes it takes just a couple of years for entrenched business models to get usurped by innovative forces. The key to remaining profitable while facing changes is to stay ready and willing to pivot your business to adapt to the new business environment.

Here are three examples of how Small Business With Small Capital changed their existing models to match the changing demands of their target customer groups. Crest Hill Capital helped them with merchant cash advances to adjust their business models:

Dine-in to Catering

The restaurant business is very profitable but also notoriously competitive. Running a fully staffed kitchen and renting an expensive location can result in standing costs that must be met even when the foot traffic is low. To make sure profits remained steady, one of our clients set up a fine-dining catering service for corporate events. This allowed him to open up a secondary revenue stream to ensure low season or changing diner behavior didn’t affect his bottom line much.

(Chris used our cash advance to set up an outside kitchen and hire a van for his catering business).

Physical Storefront to Ecommerce

The massive explosion in online shopping led 63-year-old Joanna to finally jump into the virtual marketplace and tread ahead of her competitors. Not a digital native, she opted to use a professional agency to get her craft store online.

(Joanna used Crest Hill cash advances to hire a digital marketing agency to build her website, run her social media assets, and paid marketing campaigns).

Accounting Office Goes Online With SaaS-Based Financial Services

Many services, such as accountancy, financial consulting, and bookkeeping can be done entirely online. In fact, putting these services online can help companies expand their customer base outside their cities. One of our clients did just that! James and Susan turned their accounting and bookkeeping business into an international service provider by shifting their operations online. They shut down their expensive office and worked from their home offices to save costs and positioned their brand as a subscriber-led service for foreign companies transitioning to the US market.

(We helped James and Susan hire a brand consultancy and digital marketing firm to recalibrate their business outreach and attract international clientele).

If you have a business idea in mind that can keep your profits stable in the long run, don’t wait to implement it. If a lack of capital is the sticking point, then call us at 1-800-828-0452 to understand the details of our cash advance products. We have helped thousands of small businesses over the last few years and will undoubtedly be able to help you too!

PROVEN WAYS TO ATTRACT MORE CUSTOMERS TO YOUR NIGHTCLUB

Every nightclub owner would want to see their space filled with people, lively music, and fun times. To achieve this, it is important to create the right atmosphere, so customers are drawn to come inside, not just over the weekend but on weekdays as well. Take a look at how nightclub financing can help.

Themed Events

Similar to how hotels offer innovative dishes and seasonal specials to attract their clientele, a nightclub can host an event such as a cocktail party, food fests, fashion show, music concert, or a themed night. You can base these events on popular holidays or occasions such as Valentine’s Day, Christmas, or New Years’. There are reputed lenders that offer nightclub business financing to meet these needs.

Marketing Efforts

In most cases, people are looking for trendy venues that they can visit with friends or family. How do you make them aware of your nightclub and what it offers? One great technique is to send text messages as it gets the message out quickly, and you can reach a huge section of your target market. When you get a cash advance for business owners, you can also use the funds to post your events or offers on local pages or groups. This will help reach out to people in your locality and neighborhood.

Social Media

Whether it is Facebook, Twitter, or Instagram, your nightclub needs to have an online presence. However, managing a social media strategy can be difficult unless you outsource it to a marketing specialist who can create and run campaigns on your behalf.

To meet all these needs, simply apply for a merchant cash advance and use the funds to grow your business. Nightclub financing is quick, simple, and very convenient when compared to most other forms of funding.

How to Get Over COVID-19 Business Blues

Has your business been in a slump since early 2020? You’re not alone. Businesses worldwide have seen a decline in sales and revenue due to lockdowns and additional protocols placed by the government. As an effect of this, customers reduced their spending budgets, which further reduced business income. As an entrepreneur, you may be facing unpaid bills and stagnant growth. Here’s what you can do about it.

Apply for Alternate Funding

Merchant cash advance lenders provide alternate financing solutions for small businesses to cover their operational and developmental needs. This is a huge welcome relief as you can receive a lumpsum payment directly into your bank account. They approve your advance if your business has regular receivables from which a small percentage is cut towards repayments.

Enjoy the Benefits of Extra Funds

Merchant cash advance financing can be used to fund different needs and requirements. For example, you can use it to expand or renovate your store, hire new staff, pay for electricity or rent, train your employees, fix or replace old equipment, buy new inventory, etc. You are free to use the funds as you see fit, without any restrictions.

Getting Started

How do you apply for a merchant cash advance for a small business? The process is very simple and quick. Once you fill out the online form, a consultant will contact you to discuss different funding solutions. After the terms are agreed upon, the funds will be transferred to you. If your business does well, you can repay the entire advance in a short period by making larger payments.

For more details, get in touch with a reputed merchant cash advance lender and give your business a new lease of life.

Is Your Business Ready For The Upcoming Holiday Months?

All over the United States, businesses look forward to the holiday season so they can receive more orders, get higher sales, and make more revenue. Smart businesses usually plan much in advance so they can be prepared for the busy months. Applying for funds through a bank is one option, but small businesses find it difficult to meet all the criteria. Further, there are often delays in receiving the advance. However, there are alternate business funding companies that are willing and interested to work with small firms. Here’s how they can help.

Stock Up On Necessary Inventory

Being ready for the holiday season means ensuring that your inventory is ready to meet higher demands from consumers. Take a look at which items were in demand during the preceding years. This may give you an idea of products to stock as customers dislike empty aisles. With a merchant cash advance, you can order popular products and stock your shelves, so customers don’t have to go elsewhere to find what they need.

Invest In Marketing Activities

While you plan ahead, remember that your competitors are also doing the same. Therefore, as a small business owner, it would help to initiate a marketing campaign to reach out to prospective customers and inform them of deals, discounts, and offers that they can expect. You can use a cash advance to advertise in the newspaper, to hand to flyers, to dress up your window display, and even update the interior décor of your physical store. Capital funding for a small business comes in handy for all these purposes.

Business funding companies are ready to help you improve your customer service, makes repairs or improvement to your store, or replace critical equipment. They understand your business needs and will work with you to find a suitable financing solution.