How Can I Get Started Funding a Business?

Funding a business is always a challenge. Whether you are new to the game or have been around for decades, the game is changing. You have many more options than you had even a few years ago. The question is where do you begin?

Well, let’s start at the beginning. Before you begin your journey of funding a business, you have to ask yourself what you are looking to fund. Think about it this way:

• Are you funding an expansion?
• Are you looking to buy new equipment?
• Are you trying to cover your payroll as you wait for your invoices to be paid?

Whatever your reason, there is an option for funding a business for you.

If you are looking for expansion funding consider these options:

• Bank Loans
  • This is a great option if you are an established business with a great credit score.
• Small Business Grants
  • If you are a specific niche business that meets the requirements of a specific grant, by all means, apply for it! This is free money that can really put you on the path to success.
• Merchant Cash Advance
  • If you need funding fast, considering a merchant cash advance. This type of alternative funding provider is looking to help you grow your business quickly. Even if your credit score is not perfect or you have only been in business for a short period of time, this is an option to consider.

If you are looking to purchase new equipment, consider these options:

• Commercial or Small Business Credit Cards
  • This is a good option if you know you will have the money to pay it off in the next month. Failure to pay off the full balance of the transaction by the time your bill is due can hurt your business’s credit score.
• Bank Loans
  • If you are making a larger purchase than your credit limit, such as a commercial vehicle or large piece of machinery, a bank loan can be an option for you. With one of the lowest interest rates available when it comes to funding a business, if you can qualify, consider it. This one of the best options for the long-term.
• Merchant Cash Advance
  • Sometimes when you are looking to purchase new equipment, you need the funding fast! That is where a Merchant Cash Advance can come in quite handy. This funding provider can get you the funds you need in as little three days! So if there is a new truck you are looking to buy for your business, you won’t have to worry about it being sold off the lot before you have the funds.

If you are trying to cover your payroll, think about this funding option:

• Merchant Cash Advance
  • When it comes to paying for you employee’s salaries, you never want to be late. That is why when you are a business that relies on your clients to pay back their invoices; a merchant cash advance can help. This type of funding provider understands when you rely on other clients to pay you back you don’t always have the cash you need when you need it. But with a merchant cash advance, you can pay the provider back when your clients pay you back through a fixed percentage of your daily credit card sales.

When you are considering funding a business, one thing all of these funding needs have in common is a merchant cash advance. A merchant cash advance provider takes the guess work out of if you will be approved or not. With simple requirements and a fast turnaround time, thousands of businesses choose this option for their funding needs!

Ready To Get Started?

Contact eBusiness Funding now at 305-985-6593 or complete the contact form on this page now.