Quick Overview of Small Business Financing
Businesses cost money. And sometimes, your current cash flow won’t cut it.Fortunately, today’s economic environment has seemingly more ways than ever toget the financing you need, for whatever the purpose. A business line of credit functions like a credit card;however, the credit limit is often higher and the interest rate is generallylower. Often called revolving credit, it is usually an excellent option tosupplement cash flow and have on hand for emergencies. Having a business credit card on hand for small, routinepurchases or emergencies is a popular solution. Avoid interest charges bypaying the balance in full every month. A Merchant cash advance (MCA) issues a single cash paymentto be repaid by future credit card transactions. This is often a great way toget cash if your company has a high volume of regular credit card sales. Purchase order financing can be a great way to accept anunusually large order and keep a customer happy with uninterrupted service. APO lender can issue a lo...