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!

Is Business Equipment Leasing Right for You?

Business-Equipment-Leasing-Info-OCM-Financial     Whether you are starting a new business, are looking to remodel your current corporation or are embarking on a new project, you may need new equipment that will get the job done quickly and successfully. Businesses don’t usually purchase this equipment because of the cost and generally because some types of equipment are not needed on a continual basis. So, most companies lease their equipment.  In fact, statistics show that 85% of businesses in the U.S. lease either all or some of their equipment, from software to office furniture to bulldozers.

Leasing equipment has many benefits. For one, if you do not have a large amount of liquid capital available for a purchase or don’t want to spend much money on an investment, leasing is ideal for you.  Leasing is also beneficial because you don’t have to make a huge lump sum payment. There are flexible payment options to suit all types of businesses and all sizes.  Another benefit is having the ability to continually upgrade. If you invest in a piece of equipment, it can easily become obsolete in a few years. Then, you’ll have to reinvest a ton of more money into another huge purchase and the vicious cycle continues. Leasing allows you to always have the latest, state-of-the-art technology to keep your business running smoothly.

If you have been thinking about business equipment leasing, the OCM Financial Group is here to help.  We offer finance options from $5K upwards and with flexible payment options to meet your individual needs. Give us a call today to discuss your best leasing options so we can help you obtain the tools and technology to help your business grow.