Small Business Loans Depot works with many businesses including contractors to help them receive additional cash flow.
Many factors have to be determined when a business comes to Small Business Loans Depot to receive a cash flow loan.
It has to be determined whether the contractor has enough cash flow coming in to pay the money that will be borrowed. Small Business Loans Depot offers bank statement loans and express business loans to businesses looking to increase cash flow. The funds received may be used for any purpose including expansion. The funds may also be used to add staff or purchase new equipment.
If a company has been in business for at least 4 months and has 3 months of verifiable revenue they are a very good candidate to receive funding.
Asset based loans are another option that contractors can use to increase their cash flow. If a contractor has equipment that has serial numbers that are verifiable then that will help in the process.
Ideally when a business looks to increase their cash flow, they are looking to have additional funds over and about their normal expenses. Normal expenses for a business consist of various things that a non business owner may not consider.
A business owner has to make sure they have enough money to cover expenditures, rent and lease payments and payroll expenses.
The longer you have been in business the easier it is to obtain additional cash flow. Small Business Loans Depot works with all types of businesses. We work with businesses that have only been established for 6 months.
Contractors usually have difficulties dealing with banks due to their very strict lending policies. Many banks will not lend to a business that has not been established at least 3 years.
Small Business Loans Depot is the ideal place to contact if you are looking to increase cash flow but only have a short time in business.
Contact Ed Rogers at Small Business Loans Depot and ask about our bank statement loan and express business loan program. Contact by phone at 919-771-4177 and discuss your plans for the future and let us know your cash flow needs.
