Fort Lauderdale Working Capital Loans for Small Business Solvency
Are you having cash flow problems in your small business in Fort Lauderdale? Working capital loans can provide the immediate cash ingestion your business needs to stay afloat until your product line hits the stores or your merchants start paying off their credit, but traditional sources of business credit have all but dried up in today's business world. That's paved the way for non-traditional funding and business credit sources. If your small business needs ready cash flow, Fort Lauderdale working capital loans companies have a number of non-traditional funding options to help you.
Asset-Based Business Loans
One option for working capital loans Fort Lauderdale businesses can access is asset-based business loans from non-traditional lenders. Business loans of this type are a good option for small businesses that are financially solvent but need an infusion of cash for a capital expansion – purchasing new equipment to keep up with increased orders, for example. These business loans are similar to bank loans, but are advanced by non-traditional lenders who may be willing to take more risks. In some cases, you can apply for a small business loan using personal property or business property as collateral just as you would if you were taking out a secured loan with a bank or other traditional lender. In Fort Lauderdale, working capital loans like this are available through many small, private lenders.
Business Cash Advance
Fort Lauderdale businesses may also take advantage of a business cash advance loan based on expected future earnings. Merchant cash advance programs are available for any business that accepts credit cards as payment for goods and services. Merchant cash advances are revolving credit lines, meaning that the cash advance company determines the amount you may borrow and advances you a line of credit. You can draw on that credit and as you repay it, the credit becomes available again. Since repayment is based on your actual credit card receipts each day, week or month, your payments are always affordable. In most cases, this type of business cash advance requires that you opt in to the lenders credit card processing system. Your payments are subtracted from your incoming receipts at the rate negotiated between you and the lender. These business cash advances are especially attractive to businesses that need immediate capital and can't wait three or four weeks for a bank decision. Fort Lauderdale merchant cash advance companies may make a decision in as little as three business days.
Accounts Receivables Factoring
For some merchants in Fort Lauderdale, working capital loans are not an option, but accounts receivable factoring may be. Accounts receivable factoring is not a loan and does not need to be repaid. Instead, it allows you to use future incoming invoices today, when you need the cash. Fort Lauderdale companies that offer A/R factoring services evaluate your accounts receivable and offer a flat cash lump sum payment to purchase your invoices. A/R factoring is a -good option for businesses that do business to business sales or services, and have a portfolio of current but outstanding invoices.
If your business is in need of fast cash or a ready line of credit, Fort Lauderdale working capital loans companies are ready to do business with you. All it takes is a telephone call to get your business the up-front cash it needs.
For more information Fort Lauderdale merchant cash advance and South Florida small business funding please visit http://www.fortiscapitalfunding.com/.
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