3 Easy Business Finance Options to Kickstart Your Business
Let us say that you are running a successful business or at least you are getting a lot of sales from you eBay or Amazon site. Or you are increasing your sales from your merchant account. Invariably you will find yourself in a situation where cash flow gets very tight. For this problem you need Business Finance Options to solve it.
This is a hard thing to manage when you are trying to pay for items you are selling, getting new items in, and increasing your listings or exposure on more products. In some cases we have grown our business so fast that we have encountered times where we could cover our inventory needs but couldn’t grow anymore by getting new products in.
So we had to turn to some creative financing options to make sure we could get to the next growth area we wanted to achieve. Basically there were three options that we looked out. Once was a normal financing option based on personal credit, or receivables. and is like a line of credit to be paid back within 1-2 years. The other was a short term loan paid through PayPal where you can borrow up to $50K and pay that amount back in 6 monthly installments. The last option is borrowing against your PayPal account and you pay back a percentage daily only if you have sales until it is paid off. The higher the percentage the lower the interest rate.
The 3 Best Financing Options that are Easiest to Use
KABBAGE – has advanced over $200,000,000 to help small businesses grow. Kabbage is the #1 provider of working capital. In as little as 7 minutes, Kabbage can provide working capital to small businesses to help them grow. Winner of the Forbes top 100 promising companies and Red Herring 100, Kabbage is an innovative company focused on helping small businesses grow and thrive in today’s economy.
- Small business funding with working capital lines from $500-$100,000 in as little as 7 minutes
- Direct deposit into a bank or PayPal account
- Friendly, dedicated service support representatives
- Straightforward solutions for obtaining working capital with no hidden costs
- Automated approval: No Forms, No lengthy Forms
- Online application with an answer in as little as 7 minutes
- Free to sign up. Free to have the security of a working capital line of credit behind your business
- No fees or charge until you take cash
Set up a Cash Line for your eBay Business when You need it!
PAYPAL – financing through PayPal is by invitation only. If you are invited you can sign up and you will be extended a certain amount of funds you can access through your PayPal account. You have to pay back the money on a daily basis only if you have sales. You set the percentage you want to pay back each day starting as low as 10% and higher.
The higher the percentage that you pay back each day the lower the interest rate you will pay. If for some reason you do not have sales that day you do not pay anything back.
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With clear business loan pricing, what you see is what you pay.
PayPal Working Capital has no periodic interest. Pay just one affordable fee you know in advance.
- Pay when you get paid
- Get funding in minutes
- Pay one affordable, fixed fee
- No credit check
See More About PayPal Working Capital
CAN CAPITAL – Business Loans – Compare Rates & Get Matched with Multiple Lenders in One Simple step this is probably one of the easiest processes to secure financing for your company. Whether you get approved will be based upon several factors. They are not the lender but you simply answer a series of questions and you will have several lenders with offers and what you need to do to apply. Business Credit Cards? – Find Loan Options before applying for high-rate credit cards
Looking for a Business Loan? A business loan could be at your fingertips
You answer a few simple questions. We match you to the best options. You choose the small business loan that’s right for you. It’s simple. No jargon or complicated processes.
CONCLUSION
So if you are in need of some cash flow help, especially if you are using an eCommerce product like eBay or Amazon you may want to use one of these capital funding companies. You can use the funds for pretty much anything you need for your business and you can make sure you have the cash flow you need to keep your business running.
