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| eichs6s6ytan |
 Wysłany: ¦ro 8:02, 25 Maj 2011 Temat postu: Cheap Sunglasses1Business Cash Advance Loans Fullf |
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re are different types of financing methods a business owner can choose from when faced with financial problems. Some entrepreneurs apply for bank loans. But what if you are in need of fast cash? Applying for a loan can take a little time to get approved. Are there any other options? Mens Sunglasses
Easy Cash Loans for Small Businesses
When running a business, there would be times that the budget you have won't be enough. Let us say you have an old customer that placed a large order. Since you have just started your business Oakley Sunglasses, you don't have enough stocks or materials to produce a large bulk. Is this reason enough to refuse your customer?
When this happens, you will lose a lot of things. One, your customer will not be happy with your refusal. Your customer will definitely be disappointed. This will give you a bad image as an entrepreneur.
Two, you will lose a sale. As a result, this customer may not do future transactions with you anymore. Remember, this the customer might also tell others about this failed transaction. Gaining a customer?s trust and confidence is one of your goals as a business owner.
What are cash advance loans?
One of the viable options for short term financing demands are Cash Advance Loans. It is secured by submitting invoices from the borrower's credit card transactions. Traditional loan for small business takes 30 days to process, cash advance loans for instant cash promises in exchange for a small fee.
Normally Cheap Sunglasses, a lender offers up to 80% of the amount of invoices submitted. If your customer pays the credit card bill, the rest of your balance will be given to you by your advance loan lender. But if your customer fails to pay on time, the remaining 20% of your invoices will go to your lender as penalty charge.
Accounts Receivables Factoring
If you don?t accept credit card as a form of payment, there is also another short term financing that you can apply for. It is called accounts receivables factoring. This kind of financing methods is almost similar to cash advance loans. Your regular invoices (non-credit card transactions) are the ones used as security for this kind of loan.
It is your lender that will notify your customer that the collection of debts has been turned over to the factoring company once the application has been approved. If your customer is not aware of this type of arrangement, the factoring company will end him/her a detailed explanation on how account receivables factoring is done.
Keep in mind that cash advance loans are only advisable to use for short term needs. Traditional loan is still recommended if your need huge amount of cash for expansion or investing more for the company.
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