The definition that you will find in the dictionary is as follows...
working capital -1. The assets of a business that can be applied to its operation. 2. The amount of current assets that exceeds current liabilities. 3. Assets available for use in the production of further assets.
So what the heck does that mean? Well in average Joe or layman terms it means that it takes money to make money. It is a saying that we all know but few really understand.
Have you ever had and idea that you knew would work if you only had the money?
Have you ever owned a business and just knew that if you have some extra cash available to really give you the boost that you needed to really become successful? You ever go to a restaurant and wonder how they could have possibly gone out of business because their food was great? I can go on but you get that point.
Almost every time I hear about a business going down or a restaurant being closed or of a business that just seems to be stuck it is usually due to a lack of working capital.
So what is the solution? Obviously we need to figure out how to get money don't we!
So what about a small business loan? Good luck! Statistically 92% of the folks that apply for a small business loan are declined. That is a staggering rate.
What about an SBA Loan? It can take up to 2 years to get approved and if you do you might as well have sold your soul!
Well there is a solution to those folks that currently run a business that accepts Visa or MasterCard. There is a new kind of financing available to the small business owner that gives them access to working capital that was never available before. It is called a business cash advance. Another term for it is factoring but on a much smaller scale.
How it works in a nutshell is that a company will purchase a certain amount of the small businesses future credit card sales at a discount and give them the money now and get paid back over time as they process those future sells. It has about a 90% approval rate and is a quick process usually less than two weeks to get completed.
So now what is holding you back from your dreams? What is holding you back from growing your business? What is going to stop you now?
Only you!
To find out more information about this kind of Business Cash Advance you can get more information here...
www.advancedbusinesscapital.com
See you at the top,
Arnold Cortez (512-497-6204)
If you don't currently accept Visa or Mastercard but would like to get set up you can find out more information
