When your business is thriving, there is no need to think about loans and financing options. But what happens when your cash flow slows down and bills start piling up? It can happen to even the most successful of businesses.

Cash flow emergencies are overwhelming and stressful and some businesses aren't aware that there is help out there! Loan companies are becoming a little more lenient with their lending programs. This is because they realize that sometimes all a business needs is a little boost to get running again.

Of course, here are a few different options available depending on your particular situation. But how can you know which options provide the best benefits and how they can help?

In this article, we're discussing five ways Express Capital can help your business if you've run into a cash flow emergency. Keep reading to learn more.

Equipment Financing

Express Capital offers a few different financing options including equipment financing so that you can obtain the equipment and technology your business needs. This allows you to afford such required materials without using your own working capital or business line of credit.

This is a 100% financing option with rates that begin as low as 4.5% and terms set at two to five years. You can make payments monthly, quarterly, or, depending on your type of business, even seasonally. Loans start at $50,000 up to $250,000.

Working Capital

A working capital loan from Express Capital is designed to solve cash flow needs. You can use it for inventory, hiring staff, advertising, taxes, and more. These loans are easy to obtain, flexible, and cost-effective, saving your business precious time and money to continue forth with growth and other business operations.

Five Ways Express Capital Can Help Your Business

Knowing what types of loans are available to you is only half the battle. You also need to know how they can help you. There are a few different ways that Express Capital makes it easier to obtain the loan you need.

See here how they can help your business succeed with specialized loan conditions and simple requirements:

Short Terms

Just because you need cash now doesn't mean you should have to pay for it for years to come. These loans have a short-term life of just one to nine months. Compare that to more conventional lenders that carry terms of five to twenty-five years, often times with higher interest rates.

A shorter term loan can help your business get back on track while giving you the opportunity to move forward without being dragged down by a loan that doesn't go away. Besides, you don't want to spend all your time managing debt.

Neither will you be penalized for paying these loans off early and you can set up payment plans that work best with your cash flow and overhead. That's convenient.

Less Paperwork

The last thing you want to worry about when you're trying to access funding in an emergency situation is paperwork. With a traditional lender, you may be required to search for paperwork that you don't have anymore and then it can take weeks to process with the underwriters. Not to mention the application process that can take up to 48 hours in some cases.

Here, the application process only takes minutes with a few simple questions. And, there's no paperwork required.

There's no reason to spend hours or days searching for documentation to obtain a loan when you're trying to run your business. You can instead use this time to organize your finances so that the loan you get has the most benefit.

No Collateral Required

When you're already strapped for cash, the last thing you want to do is use collateral to get funding for your business. Besides that, it can be a risk to you and your business. Don't get tied up with a traditional lender that requires collateral while you're trying to get back on your feet.

Traditional lenders don't always offer full value on assets and then your assets are tied up in loan values with long terms and high interest rates. With Express Capital you can rest assured that your assets are safe. All you have to do is gather your bank statements and fill out an application to get started.

Faster Funding

In the event of a cash flow emergency, you need funds, fast. You don't want to spend days, weeks, or even months waiting for your loan approval to process so that you can receive funding. But traditional lenders often have long underwriting processes because of the required paperwork.

Remember that you won't need paperwork for these loans so you can get approved for funding in as little as a few hours. Funding can disburse as early as the next business day. With faster funding, you'll be able to get your business back on track quicker and easier.

Quicker Payback

Because traditional banks have such long terms, you end up paying more in interest and it takes longer to pay back. Not to mention early payoff penalties or terms and conditions that lock you into the debt.

With Express Capital, there are no early payoff penalties and because of shorter terms, you'll be able to pay off your loan sooner than the terms agreed upon. Repayment plans even allow you to make payments daily depending on your finances so you'll have more opportunity to get ahead.

Express Capital Is Here For You

Express Capital is a flexible direct lender that can customize loans to your particular needs. You can use the money from your loan however you see fit including seasonal fluctuations, additional staff, payroll, expansion, and more. This loan provider offers fast approvals with funds often deposited the same day!

Express Capital is committed to helping you reach your financial goals with exceptional service and simple solutions. They have served thousands of businesses just like yours to increase revenue and profitability. Don't hesitate to see what they can do for you.

Keep these benefits in mind the next time you're looking for a loan.

If you're looking for a way to fund your business for various needs, contact us. We look forward to helping you achieve growth for your business.

Get to know more about us and our loans with these recommended blogs

Express Capital vs Traditional Lenders: A Comparison

How to Qualify for Working Capital Business Loans

A Contractor's Guide to Smart Cash Flow

 

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