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!

Need Quick Capital? Consider a Merchant Cash Advance

Merchant-Cash-Advance-Info-OCM-Financial     Starting a new business can be exciting. Choosing your location, branding, and even your business cards can be an adventure. You may have dreams of opening up a small local boutique or perhaps fantasize about creating a chain of trendy restaurants. But no matter what your business goals may be, your dreams of entrepreneurial success can be dimmed if you don’t have enough capital.

Not everyone can be approved for a business loan, and in this stagnant economy, it can be years before you are able to save enough money on your own to venture out and build a company with your own funds. Luckily, there is another option to obtain the funds you need now to get your business off the ground and running. If your business processes credit card transactions, you may benefit from a Merchant Cash Advance. Now, there are even merchant cash advance options for businesses that don’t accept credit cards yet. This type of program is based on ACH banking history which is beneficial if your credit rating is not acceptable for traditional loan qualifications.

A merchant cash advance is a way for business to receive the capital they need in exchange for a percentage of their credit card income. There are several benefits, including the fact that you don’t have to put up collateral, as you would with a traditional loan, can be written off as expenses giving you a tax break, and best of all, you get your funds quickly after approval. The OCM Financial Group offers more than just these standard benefits for merchant cash advances. You only have to pay us back when your business process your credit card sales and we offer flexible repayment systems so you can have greater control over your assets. The application process is easy and quick, and you could have your cash at hand in as little as a week.

So if you have been denied a loan application or just don’t want to go through the hassle of applying or getting stuck with huge interest payments, give us a call today to discuss how our merchant cash advance program can help you and your business succeed.