United Secured Capital

Business

Apr 18

5 Reasons to Get a Working Business Advance

Fear is a healthy thing to have when exploring the options for working capital advance. As really all big investments should be coupled with a relative degree of caution. Working capital have a few unique features though that often outweigh the high interest correlated with them.

Immediate Expansion Opportunity

Often in a case with business, an opportunity will reveal itself to you, be it a big client or a new market. Coupled with that, may be a somewhat inconsistent track record or credit score.

Now the obvious first option, of course, is a bank operation. Problem is, bank operation require a history that often most small businesses don’t have.

Even at an expensive cost, the opportunity to expand may present itself to you now. So, while taking a small hit now is tough, it will prove worthwhile down the road. A sum of money now for the cost of making consistently more money down the road is as simple as any investment.

Holding Out Until Stabilization

There is no CEO who doesn’t know the discomfort of the unknown elements of running a business. And believe me, I can tell you with certainty that there are about as many unknown factors to running a business as there are known.

Things get rocky

But, it doesn’t have to hurt too much, we trust the process and everyone who has had a dream they believed in can tell you.

Unpaid Customer Invoices

Customer relations are what hold businesses together. You invest in your customers to provide them a service or product that fills their need, and they invest in you in much more realistic terms - buying your product.

People work on their own terms

Schedules mean different things to different people. And while you want to get paid and obviously on time, you don’t want need to be pushy. Risking the relationship may not be worth it.

So instead you practice patience, but your bills don’t! Damn those things. So, a simple solution may be getting some working capital advance to hold on to your relationships while maintaining your business spending.

Everyday Needs

Rent, food, restocking, I mean the list goes on, this seems pretty self-explanatory. Only here is what I think gets overlooked all too often, all these purchases are so obvious that you forget they add up, and then have less budget to guide your business in the direction you want to be headed.

These things are so ingrained we don’t even think of creating a solution for them, or realize how much they impact the growth potential of our businesses.

Purchase Inventory

While this is definitely more present for businesses that center around selling products, every business restocks on something. But in all honesty, many service businesses don’t have high restocking prices.

But product businesses can be totally dependent on stock. Stock, as you all know, can get pricey and again divert efforts from your main goal, i.e. growing your business!

While these bank operations aren’t cheap they can provide long term security and help you get over a hump and to a place where you won’t need any other bank operations.

To make it Simple