What is stopping you taking advantage of opportunities for growth?
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One of the perks of owning a small business is that you can quickly adapt to new situations and take advantage of opportunities for growth. Rather than pushing through the red tape involved in corporate decisions, you can implement new products and processes immediately.
However, one drawback of running a small company can be lack of available cash to seize these opportunities. It can be difficult to maintain a cushion of money that can be used at any time to make snap decisions. That’s why many small business owners across the country are looking to a business cash advance to help them stay on track and run smoothly.
Why a business cash advance works for small businesses
Unlike traditional lending streams, a business cash advance has a quick application process. Approaching the bank for a small business loan can be daunting and time consuming with lots of meetings and paperwork to prepare. Cash advance providers like Quick Capital don’t require business plans or forecasts to make a decision, just your recent card processing statements. Your application can be made over the phone, meaning you don’t need to spend precious time away from running your business, and funds can be in your bank account in as little as three business days.
Paying back your cash advance is simple. Repayments are made daily, moving up and down in line with your card sales. There are no large fixed monthly repayments to cover, as repayments are deducted as a percentage of your card sales each day. Typically, a business cash advance takes around six months to repay. If you require extra finance further down the line, you can even top-up your funds!
What can a cash advance be used for?
Small businesses in the UK are using cash advances for a wide variety of reasons. The companies below all discovered Quick Capital’s business cash advance through Alternative Business Funding:
- A furniture company in the Midlands used £10,000 to purchase new stock
- A tanning salon in Milton Keynes needed £3,100 quickly to replace damaged equipment
- A beauty clinic in Perth accessed £4,000 to boost their cash flow
As long as your business takes a steady volume of card payments each month, a business cash advance could be a great way to improve cash flow, refurbish your premises, and purchase stock to take advantage of seasonal opportunities.
You could even use the money you receive to invest in growing your business by opening extra stores, or designing a website to take your business online.
If you’d like to find out how a cash advance could help your business stay on track, get in touch with Quick Capital today on 0800 3777 402, or visit www.quickcapital.co.uk
Julie at Café J has used Quick Capital’s services twice:
“Small businesses can struggle to get finance, so I was pleasantly surprised to see how straightforward the process was.
"We’d had a great December, but January was proving to be quiet, so I decided to take out a Quick Capital cash advance to help with cash flow. The process was simple and fast, and I could borrow enough money to improve our cash flow and purchase new cookers and fridges!
"I recently found a limited-time offer on garden furniture that would be perfect for our terrace, but I didn’t have any spare funds to buy them. I called my advisor, and was thrilled to discover that I could receive funding in a matter of days by topping up my cash advance.”
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