Growth Capital Solutions For Small Businesses

Getting access to growth capital is one of the biggest hurdles for any business. Frequently, business owners believe the only way to get the capital needed for expansion and development is to take out bank loans. After all, this convention seemed to work for the longest time for other entrepreneurs. However, the market has shifted over the past few years, and more business owners are using other sources to find growth capital solutions.

Purchase Order Financing

Purchase order financing is one of the best growth capital solutions for small businesses that want to gain a better share of their respective markets. Purchase order financing is an advance in working capital designed for use when taking on unusually large customer orders. Once the orders are filled, an invoice is delivered to the customer. Once the invoice is paid in full, the purchase order financing is deducted, and the difference is delivered to the business in the form of revenue. There is no debt placed on the balance sheets, and since the customers end up paying for the advance, small businesses can take on customer orders which would otherwise go to competitors and rake in growth capital for fast expansion.

Accounts Receivable Financing

Some growth capital solutions come from within, and accounts receivable financing allows businesses to monetize open customer invoices with aging periods of 30 days or more. By selling these receivables at a slight discount, businesses can get access to capital within 24 hours. Setting up accounts receivable financing services is simple, and can be arranged very quickly. There are no credit checks run on the business, and no debt incurred.

Merchant Cash Advances

Merchant cash advances provide an infusion of capital to businesses, to help them obtain equipment, stock up on inventory, hire additional staff, or complete internal projects which can take the company to the next stage of development. Merchants cash advances are also debt-free growth capital solutions, as the advance is paid off a little at a time with every customer transaction paid for with a credit card. Unlike bank loans, merchant cash advances do not lock business owners into a rigid payment schedule, and there are no prepayment penalties.

Explore Other Growth Capital Solutions

If you are seeking growth capital solutions for your business, and would like to learn about any of the services listed in this article, or explore other options, call CounselPro Lending at 1-888-292-3322. We help businesses across all industries get the financing they need for continued growth and success.


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