Small business loans have become extremely hard to come by. After the credit crisis banks have taken a tough stance when it comes to lending money – if you don’t have an awesome business plan, many years of trading history and a gleaming credit report, there’s a very good chance that your application for a small business loan will be rejected. It’s not ideal, but it’s a fact of life – you can either move on and forget about a loan, or you can look into the alternative business financing industry.
Here at Rivis Capital we offer a product known as a merchant cash advance. A merchant cash advance is fast becoming a preferred way to borrow for small business owners all over the USA. With a merchant cash advance you get the money that your business needs to grow upfront, and repayments are then made based on your actual sales. Therefore, if sales are strong you make bigger repayments – if sales aren’t great, repayments are lower.
small business loans are not identical to a merchant cash advance – in fact there are many differences. With a business loan you have to wait weeks sometimes even months for banks to approve or reject your application. You also have to fill out reams of forms, and you may even have to put a guarantee on the loan using your personal possessions. With a cash advance it’s totally different – the application process amounts to days as opposed to weeks, and you don’t have to put a guarantee on the sum that you’re borrowing. It’s easy to see why many business owners are turning their backs on traditional forms of financing and focusing on a business cash advance instead.
The sooner you get in touch with us about a business cash advance, the sooner we can look into your request to determine whether or not we’ll be able to help you. Regrettably we’re not able to help every single business that contacts us – but we do our best to cater for as many businesses as we can. We know that times are hard out there and obtaining finance from mainstream lenders can be a real struggle. If a small business loan is something you just can’t get your hands on, don’t waste another minute - get in touch with us right away to see how we can help you.