What is a Quick Business Loan?23rd April 2018
Regardless of which sector you operate in, ensuring that your business has access to sufficient amounts of cash is crucial for maintaining high productivity, growth and sustainability. But acquiring these funds from your own finances can be difficult and risky, especially at short notice. SMEs may need emergency funding to cover business issues, unexpected bills, or even seasonal trading dips. When in need of external funds at short notice many business owners choose to apply for a Quick Business Loan. Simply put, a Quick Loan is a type of finance which is released to the borrower quickly, and there are many Quick Business Loans available for wide range of purposes, providing you know where to look. So if your business needs funding quickly and can’t afford to be left waiting around, here’s what you need to about Quick Business Loans.
- Why should you apply for Fast Finance?
- What finance solutions are on offer to your business?
- How can Fast Finance benefit your business?
Why should I apply for Fast Finance?
Cash is a vital resource for growing and sustaining your business but, at times, it can hard to come by in large amounts. If you’re in a hurry to get funding for any aspect of your business, choosing to apply for a Quick Business Loan could be the answer. Depending on the complexity of the request and which business finance product you choose, an agreement could be established in as little as 48 hours, with the funds you require following soon after. So rather than drawing funds from your own accounts, a Quick Business Loan could offer you the support your business needs without pushing your cash flow too far.
What finance products are available?
Although it can be alarming to suddenly realise that your business requires additional funding, sourcing an appropriate business finance solution at short notice needn’t be a hassle. Thanks to the rising prominence of the Alternative Finance Industry, some of the many products and packages you could benefit from includes Merchant Cash Advance, Overdraft Replacement, Invoice Finance and Asset-Based Lending. Therefore, even if you need business finance at the last minute, there are still plenty of funding opportunities available that could help.
What can Fast Finance be used for?
What makes Fast Finance so useful in supporting and aiding your business with a wide range of financial circumstance is that it can be used for any number of purposes. So, whether you need to repair or replace vital equipment, seize upon an unexpected opportunity, replenish your inventory, pay staff or receive assistance during an unforeseen emergency, applying for a Quick Business Loan could present you with an appropriate solution. Your funding limit is usually calculated by taking into account either your business’ past income, unencumbered assets, inventory or outstanding invoices. Therefore, you can target and support any area of your business and tailor your chosen finance solution to your exact requirements.
Need to provide funds for business at short notice?
As fundamental as cash is for any business, sometimes you may not have the extra at your disposal to deal with an unforeseen issue or to take advantage of an unexpected opportunity. Although acquiring the funds you need may feel daunting, there are plenty of funding opportunities available that could help. The challenge for you, however, is sourcing an appropriate finance solution from a suitable lender and at a competitive rate. Luckily, we’ve already done the hard work for you. So if you’re looking to obtain more equipment, replenish your inventory or receive an urgent cash injection, apply for a Quick Business Loan today, or find out more with Rangewell.
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