Here at United Capital Source, we work with all kinds of small business owners in all types of industries. One of the most common reasons they come to us for lending help is inadequate cash flow. They’ve made the right call coming to us, though. Because small business loans such as a merchant cash advance can relieve the stress of cash problems – the financial stress and the personal stress.
You may think your business can’t get a loan because you have bad credit. You may think the fact that you’re a woman makes things even worse. You’re not entirely wrong, on either count. But you’re not entirely correct, either. Woman entrepreneurs can get small business loans, even if you have credit problems.
Anyone who has been in business for a while knows you need a small business loan from time to time. There are many good reasons to borrow money. But one of the most challenging decisions can be choosing the right financing. For instance, when is the best time to use a business line of credit?
Traditionally, credit unions do not do business with non-members. In recent years, some credit unions have expanded their membership requirements, to encourage more participation. Even if you are a member, though, you might not qualify for a small business loan. Especially if you have bad credit.
Wondering how you can increase your business cash flow, without putting your business assets at risk? Maybe you’ve never before explored the possibility of taking out a merchant cash advance for your small business, because, well…you didn’t think you’d qualify? Or you are not exactly sure how this type of lending program works?