Small Business Loans vs. Cash Advances

Thu, 02 Jul 2009 00:00:00 -0400

Whether you are just starting a new business or your business is established and growing chances are that extra funding could be a real help at times. Traditionally business owners have counted on small business loans to supply capital needed for routine inventory/supplies, new equipment, and in some cases, even for the daily cost of operating the business. But times have changed and the economic environment is completely different. Banks seem to constantly be increasing the stipulations concerning loan approvals. Not only are the business owners subjected to strict requirements for approval of extensive applications that seem to want to know every detail of the business and the owner alike, they are often charged lofty fees only to be denied the cash their business needs. If a business owner is fortunate enough to be approved for the loan collateral is usually required. Approval is often ultimately based on the credit score of the business. And while this may work out for some businesses the fact is that many businesses in need of cash do not have what is qualified as a good credit history. **End Summary** Topics: Small Business Loans]]> Credit card advance]]>]]> About the Author: ]]> Timothy Bunker owns a small business that requested and received a credit card advance from Rapid Capital Funding. Mr. Bunker had previously been turned down by two banks when he had applied for small business loans . According to him, cash advances are the modern way of growing a business. Mr. Bunker has already expanded his business into two new locations and is now planning a third. He recommends Rapid Capital Funding to all his colleagues and peers. Ph: 1-888-702-2748

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Small Business Loans vs. Cash Advances