5 Reasons Why You Should Consider a Business Cash Flow Loan

5 Reasons Why You Should Consider a Business Cash Flow Loan

By- Victor Talha

June 3rd 2014 - Business Cash Flow Loans - Kansas City - OCM Financial Group Small businesses and/or start-ups are heavily reliant on their cash flow…

…as they often have difficulty regulating what comes in and out on a regular basis but it’s also not uncommon for mid-sized businesses to run into difficulties that require a business cash flow loan. Here are some reasons that you should consider getting a business cash flow loan for your business.

1. Bank Loans are Harder to Get.

The recession hit the nation hard and changed some ideas about borrowing and lending. Cash flow loans are easier to get than traditional bank and business loans and don’t have the same requirements for credit.

2. It Doesn’t Require Collateral.

A cash loan is different because a business can use it for working capital and generate the collateral for the loan over time.

3. It’s an Opportunity to Organize.

Many cash flow providers request to see cash flow charts and collect data about a company’s banking, payment processing, and accounting information before acceptance. If your finances are not completely organized before you go in to ask about a cash advance you should take the opportunity to balance your books and get on top of the situation. Plus, you can get comparative ranking information from your loan provider.

4. The Interest Rate is lower than You Think.

Many people think that the interest rates for a cash advance may be up near 50% but the actual rate is consistently below 30%. Right now businesses are trying to encourage lending and the average has moved even farther down towards 20%.

5. It’s also Less Risky than you Think!

There are a lot of misconceptions about borrowing cash advance loans, especially from misuse in people’s personal lives. Businesses can use this money responsibly to make ends meet, expand for better customer service, and balance their cash flow. At OCM Financial Group, we understand the unique reasons you may have behind obtaining your business loan. Allow us to meet your needs with one of our custom cash flow loan products. Your approval is just minutes away!

What is Working Capital and How Can You Benefit from It?

Vics-TILED-OCM-Financial-NEW-Logo     Ever been tied up for money and couldn’t obtain a loan? Have you been trying to start up a new business but didn’t have the resources? Sick of waiting around for a pay day? If so, you are not alone. Millions of people in the United States are suffering economically, especially corporations, but that doesn’t mean you have to accept it. There are ways to obtain working capital for your business needs. But what exactly is working capital?

Working capital is defined as the difference between your liabilities and your assets. Basically, the amount of liquid funds you have at your disposal. Everyone needs working capital to stay afloat, whether you are dabbling in entrepreneurship for the first time or have amassed a world-wide company chain.  The amount of working capital at your disposal influences your business’ ability to meet both short and long-term demands, pay back debts, and remain in profit.

Some companies require more working capital than others, but it’s safe to say that if you’ve got a business, no matter what kind of products you offer, you need liquid capital and you need it readily available. But if you’ve recently paid off a big loan, are tied up in a lawsuit, or are facing a foreclosure, chances are the amount of working capital you have isn’t going to be expansive.

That’s where we come in. The OCM Financial Group can work with you to find a flexible and creative solution to your financing needs. If you need cash now, we can provide it. Whether you are a seasonal or cyclical corporation, are rebuilding your brand or are starting fresh, let us help fund your imagination and help your business grow.