Small businesses face many obstacles, and one of the largest ones is not having enough working capital to continue growing. Businesses spend money to make money, but that is hard to do when you don’t have the budget available. Entrepreneurs come to a point where they have to decide to either stop growing and maintain the business they have, or hire more people to make the jump to the next level. It is an overwhelming process when you don’t have the working capital available.
Banks offer small business loans to help provide the needed capital for businesses to grow. However, many small businesses can’t meet the strict requirements for approval. The good news is, alternative loans are available to assist businesses with getting past this bump in the road. Tiger Funding offers merchant cash advances that can provide the funds that small businesses need, without the requirements of a traditional bank.
David Mellor, business mentor and author, wrote, “Cash is, and will remain, king. Make sure your expansion can be supported by either long-term capital, working capital, or both. Without cash, your days are numbered.”
Small businesses fail every day because they don’t have the working capital they need to stay open. Businesses with more than enough customers and orders to keep running, can’t continue if they don’t have the capital available to operate. Cash advance loans provide small businesses with the money they need, in a way that works for them.
Tiger Funding loans provide the following:
Big banks require monthly payments on loans that are difficult for small businesses to make. Tiger Funding’s cash advance loans take small daily payments instead of larger monthly payments. The payment amount is a percentage of your daily sales, which means on the days when your sales are down, your payment is smaller too.
You know your business better than anyone, so why do traditional banks want to tell you how to spend the proceeds of your loan? Tiger Funding, knows you have the best chance of growing your business when you have control over where the money goes. Do you need to expand your payroll? Or, buy a new piece of equipment? Or, ramp up your marketing budget? With a loan from Tiger Funding, the choice is yours.
Small businesses typically face a time when they are presented with a deal that could give their company the boost that it needs to grow. However, they don’t have the capital to make the deal work. Their choice is to either find the capital or lose the deal. Traditional banks take weeks, or even months, to approve a small business loan. Small business owners, don’t have that kind of time when you are in the need of capital.
Tiger Funding understands what you need, therefore our cash advance approval process takes only 24 hours. If approved, the proceeds are often in your bank account the same day.
Tiger Funding considers all businesses with $10,000 in revenue, operating for at least 6 months for cash advance loans. Loan approval amounts range up to $500,000, giving your business the chance it needs to succeed. Tiger Funding approves loans amounts based off of the strength of the business.
If you own a small business and are ready to grow, it’s time you applied for a cash advance loan. The process is easy. 95% of the businesses applying that meet the requirements are approved.
Businesses are required to have two years of financial history to be considered for a loan at a traditional bank, therefore eliminating many small businesses right off the bat. Tiger Funding wants to help your business succeed. We have approval requirements that are easier for you to meet.
Tiger Funding’s cash advance loans are based on the financial health of your business, not your personal financial health, therefore:
That’s right. As the business owner, you will not be required to use your personal assets to obtain the working capital you need. Loan approval is based on the business’s sales, and potential for future sales, instead of your personal finances, no personal collateral is required. Future business sales are the collateral for the loan.
Business owners with bad credit are often denied for traditional loans, however, our cash advances are different. Loan approvals are based on the sales of the business, not the credit of the business owner. There will be no hard pulls of your personal credit report.
Businesses that are lacking working capital are limiting the business’s growth. Entrepreneurs are often leery about obtaining a loan to grow their business when every dollar counts, since they feel they can’t afford a loan payment. Tiger Funding makes affording your loan easier for you.
The Tiger Funding approval process is quick and easy. You are notified of your approval status within 24 hours of applying. The funds are often available for you that day, or very soon after.
If you are a owner struggling with having enough working capital to grow, you can’t afford to not get a cash advance loan. The future of your business rests in your hands. Start the process today here.
