92% of small businesses lack adequate funding

Not Enough Cash

In a recent survey of small businesses by the NFIB Research Center, only 8% of small business owners felt that they had adequate cash flow. That means that 92% of small business owners don't have enough funding to adequately run their business. And, with our nation's banks' increased restrictions on small business loans, it's no wonder merchants can't get the capital they need to survive in this economy. In fact, many small business owners cited interest rates and restrictions as major challenges they face. There is a solution to this dilemma, though, and it isn't a loan. It's a Merchant Cash Advance.

Banks Aren't Helping

Nearly all the nation's banks have increased or maintained already tightened restrictions on small business loans. Restrictions like requiring a merchant's personal credit score to be at least 700 before they even look at the application, or requiring collateral more often and of greater value. Many merchants try to use personal assets for collateral, but because of the poor economy these assets usually aren't enough. Banks are even limiting the amount that they will lend out to a small business owner, if approved, and restricting how that money can be used. But merchants need cash in order to conduct business. This recession has changed many facets of the economy, including how customers spend money. Businesses need to be able to become more dynamic and adapt to our changing economy, but without working capital that's not possible. It is so difficult for a small business owner to obtain credit today, it's no wonder so many don't have enough cash flow to operate. With a Merchant Cash Advance the red tape of a traditional loan can be avoided.

Better Than a Loan

A Merchant Cash Advance from Fastpoint Financial is a better option for small business owners. There are fewer restrictions, a faster aproval period with most mehchants getting their cash in days, and a repayment method that is linked with how the business is doing. With a small business loan, if one can even be obtained, a merchant has to pay an exact amount each month without regard to how well the business is doing. With a Merchant Cash Advance a small percentage of credit and debit card transactions is automatically collected when the accounts are settled. Once the advance is paid off, which often happens in under a year, that's it. A Merchant Cash Advance from Fastpoint Financial is really simple and an ideal option in this economy.

Contact Fastpoint Financial Now

If small businesses are to receive the capital they need to function in this economy, the solution is not going to be found with traditional bank loans to merchants. With adequate funding from a Merchant Cash Advance businesses can obtain and use adequate cash flow to improve their business. The Merchant Cash Advances from Fastpoint Financial can help overcome the weaknesses of bank loans and provide merchants with working capital and help them avoid the restrictions and hassles of a small business loan. Merchants should contact Fastpoint Financial now and prepare to get the funding they need to improve their businesses.