Business cash advances are becoming more and more popular with businesses that need an influx of cash for working capital, to expand, or to handle an obstacle like replacing expensive equipment. Although traditional bank loans may seem like a preferable option, many businesses are moving away from bank loans to alternative financing for a variety of reasons. 

In an increasing number of situations, getting a business cash advance just makes sense.

You need the money now. In business, time is often of the essence. Traditional loans can take months to be approved and disbursed, which doesn't help a restaurant owner with a broken stove or a retail owner who needs to hire more workers to increase hours or open a new location. Alternative funding sources can make the cash available in just days so that owners can move forward and continue to operate.

You need less than $200,000. Banks are less likely to consider smaller loans because it takes more manpower and paperwork to disburse many smaller loans than fewer larger ones. 

You want to repay quickly. Traditional loan terms can be as long as 10 to 20 years, meaning that the business will be in debt for a very long time. Of course, you can pay the loan back ahead of schedule, but terms vary, and you could end up owing a lot of interest even if you do pay it off early. 

You don't have collateral. An unsecured loan is a high risk proposition for a bank, one that they are unlikely to want to take. Alternative funding sources have fees built in that mitigate their risk and make them more open to providing cash without any collateral to ensure that it will be repaid.

You have bad credit or no credit. Many businesses don't have a credit rating at all, or have fallen on hard times in the past that have marred their credit. Alternative funding sources don't check the credit rating of individuals or businesses, but instead look at recent business activity and financials to determine creditworthiness.

You see a good opportunity. Successful owners have a sixth sense about their businesses that tells them how to position themselves for success. When opportunities come along that make sense from a fiscal and business perspective, alternative funding sources can provide the means to seize the opportunity before it passes you by. 

Helping businesses get what they need to succeed is what Quikstone Capital Solutions is all about.

Although the government has been encouraging banks to lend to businesses and has kept interest rates artificially low, the credit market is still unusually tight for business lending, and many businesses find it difficult to meet the conditions needed for a traditional bank loan. More and more businesses are finding other ways to get the funding they need to meet their goals. Small businesses are the backbone of our economy, and where there's a will to keep going, grow and succeed, business owners are finding a way with alternative funding.

Quikstone Capital Solutions can get businesses the cash they need to expand, purchase needed equipment and inventory, and cover the costs of doing business. In as little as 48 hours, you could be approved for a business cash advance that will enable you to reach your business goals.