It’s easy to assume that all small business owners have a huge budget at their disposal – but the fact of the matter is that they face many of the same financial issues as the rest of us, only on a smaller scale. As such, this article will cover some of the most common financial stresses that small business owners face today, including how to deal with them and where to find help if you’re in over your head. Check out this article to learn more about some of the most common financial stresses that small business owners face today.
The Cash Crunch
Money is always on a small business owner’s mind. Whether it’s figuring out how to hire new employees or stay competitive in their market, a lot of thoughts and energy are devoted to managing cash flow. Unfortunately, as time goes on, one thing many business owners discover is that saving money can be as challenging as making it. However, with United Funding Group’s merchant cash advance program, you can solve your short-term financial needs and protect your long-term business goals by receiving funds in just one day. Learn more about how you can receive up to $500,000 via our merchant cash advance today!
Bad Credit
Having a bad credit score can make it difficult to secure a business loan, which is why many small businesses fail before they even get off of the ground. This can be especially true for first-time entrepreneurs. Luckily, cash advances are often available to help you with those start-up costs and fund your working capital. There’s no need to wait for banks or traditional lenders—you can work with United Funding Group today and get access to money in as little as 24 hours, so your business has all of its funding needs taken care of sooner rather than later.
Excessive Taxes
Taxes can often be a large financial burden for a small business owner. Tax preparation is one of those tasks you put off and dread until tax season, but it’s something you should never neglect. Not only will tax debt hurt your company’s credit rating, but also you can end up paying serious penalties and late fees in order to get caught up on your taxes. Working with United Funding Group can help lessen your stress by offering competitive merchant cash advances that are repaid over a period of time instead of taking out traditional bank loans or lines of credit.
Expensive Expansion
Every small business owner dreams of growing their company into a large corporation. But with those dreams comes a hefty dose of reality: Expensive expansion is a major financial concern for most entrepreneurs. This type of growth usually requires you to find more capital or tap into existing revenue streams in order to cover overhead costs. The easiest way to fund your expansion is through obtaining a merchant cash advance. Also known as short-term business loans, these financing products allow business owners to avoid high upfront costs and interest payments that are associated with traditional lines of credit and bank loans; plus, they can help you launch new ventures or take on additional workers quickly and easily.
Expensive Equipment
From small to large, every business needs equipment. This can include everything from computers and office supplies to cars and trucks. But when you own a small business, you often don’t have a big budget for equipment. Unfortunately, there’s no easy way around it. If you want your business to succeed in today’s economy, it has to stay competitive – which means having access to equipment like smartphones, laptops, and vehicles. There is a quick solution if your cash flow isn’t quite where it should be: a merchant cash advance. Contact United Funding Group today and see how we can help your business succeed.
Not Getting Paid on Time
Late payments from customers can be financially crippling for any business, especially those just starting out. Because invoices take time to prepare and send out, any delay in payment could mean having to come up with more cash than you thought necessary at first. Unfortunately, if you’re getting paid late regularly, it might mean less and less cash on hand until your credit score hits rock bottom and you can’t get a loan for what will amount to a business bailout. To avoid financial stress as a small business owner, make sure you understand your customer’s payment terms upfront—and stick to them religiously.
Losing Money on Inventory
One of your biggest expenses as a small business owner is inventory. And one of your biggest frustrations is probably when you purchase too much inventory and it goes unused or unsold. Even worse, many businesses find themselves in a position where they need to do costly custom jobs to sell off their surplus. Inventory mistakes can add up quickly and cause all sorts of stress on both your mind and bottom line. United Funding Group provides merchant cash advances that can eliminate these worries, allowing you to focus on what matters most: serving customers while growing your business.
Contact United Funding Group Today
United Funding Group is a direct funding source with a simple application process. Simply fill out our online application, and a United Funding Group representative will call you to answer any questions you may have regarding your merchant cash advance. We are committed to funding all business types and credit score ranges. If approved, we can wire your funds within 24 hours so that you have quick access to working capital—with no collateral required! Apply today and see how fast money can start working for you! See our full product offering here.
