4 Problems that Small Business Loans Can FixOwning a small business means being a problem fixer. When you’re in charge, you are the one who has to put out fires and come up with all the solutions. You can’t just pass it on to someone else, but this is why you love what you do, right? Being a small business owner is all about finding success in the face of a lot of odds. When you have problems that arise that require cash, you can turn to small business loans as part of the solution.
1. You have customer demand, but limited space—use small business loans to expand
One issue that a lot of small businesses face is having great customer demand, but being unable to keep up with it. It can be really frustrating to see so much interest in your product or service, but needing to turn them away because you don’t have the ability to handle it all. This is where small business loans come in handy. Use the cash from one of these loans to expand your company. Rent more retail space or office space, buy a new location, or expand in the digital world using the cash to start an e-commerce site.
2. You need just a little bit of cash to get through a slow period—small business loans can help
Slow periods are typical for all businesses, but small businesses feel them much more than medium and large companies. You run the risk of failing during one of these times because you don’t have a lot of assets to keep you going. What you need are small business loans to make sure you don’t go under and that you can keep the lights on and payroll going until business picks up again. A bank may only offer you a large loan that you don’t need and can’t afford, but our lenders will offer you a small loan, one that matches your small business needs.
3. Your personal credit holds you back from borrowing, but not from our small business loans
When you own a small business and you have to borrow money, your personal credit score is going to be a factor. A bank may turn you down for small business loans because your credit score is not high. This can derail all of your business dreams, but we have a solution. Our lenders offer small business loans that only require you to show you have a score of 500 or more. Having a score as low as 500 or 600 will not disqualify you from being approved for one of these loans.
4. Your business needs cash soon—our small business loans are fast
For small businesses, fortunes can change on a dime. One day you’re doing great and the next you have a major setback that could sink you in a matter of days. This is why we offer small business loans that are fast. You can apply conveniently from your computer, get an answer the same day, and get the cash in about three days or less. When cash is a major necessity for your business, you don’t want to wait for a bank loan. You could go under while waiting. Instead, apply for our small business loans and take care of all your problems sooner.