Small Business Working Capital Loan Options

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Tuesday, August 2nd, 2016

What are your options?

Building and growing a business can be very difficult—especially when income and capital aren’t always consistent. If you need to keep your business afloat, or grow certain aspects, there are merchant capital loan options that are available for businesses of all types.

  • Business Line of Credit: Even if you don’t have an immediate need of cash, it can be beneficial to set up a line of credit—just in case. It is smart for emergencies, immediate needs, or in the event of unexpected opportunity that requires a little extra cash. You can improve your cash flow, borrow according to needs of the season, and eliminate the stress of large loans.
  • Merchant Cash Advances: It is important to understand that cash advances are not loans. It is essentially the purchase of future credit card receivables from the customers of the business. A business isn’t tied to monthly payments, and it isn’t based on credit history. The lending institution merely claims a percentage or sum of a credit card payment until the cash advance is repaid.
  • Equipment Leasing and Financing: If you need to purchase a new piece of machinery or equipment, but don’t have the cash, equipment leasing and financing can provide loans with affordable monthly repayments, which can often be specified to your business and its needs.
  • SBA Loans/Small Business Loans: Depending on the size and income of your business, you either need to apply for an SBA Loan (for larger businesses), or a Small Business Loan (for smaller businesses). They usually require small monthly payments, depending on agreed-upon terms, and can help with mergers and acquisitions, relocation, purchase of new equipment, etc.
  • Accounts Receivable Financing: Businesses that opt for accounts receivable financing can still generate capital by using receivables as collateral. Generally, businesses sell their accounts receivable, receive payment for them immediately (minus about 10%), then receive the final payment once the invoiced party has paid their dues (minus a small service fee).

No matter your type of business, National Business Capital has the perfect merchant capital funding options for your business. Learn more about us, and let us help you grow your business today!

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