Short Term Working Capital
Short term working capital for a small business is typically referring to money obtained for a specific purpose from a third party. “Short term” refers to the fact that any money received will need to be paid back in a relatively short timeframe—typically, less than 12 months.
Short term working capital might be used for a variety of clearly defined growth initiatives such as advertising campaigns, renovations, expansion and more. It might also be used to help stabilize a business, such as by paying taxes, handling debt, or buffering the income of an otherwise slow season. Short term working capital is also often necessary to handle the costs of emergencies or other unplanned changes faced by a small business.
There might be a variety of ways for a small business owner to arrange short term working capital. In some instances a small business loan is appropriate; however, qualifying for a working capital business loan is not always easy. In fact, many small business owners struggle with the demands of traditional financing and most simply will not be able to qualify for a business loan.
AdvanceMe’s Merchant Cash Advance is another method used effectively to increase short term working capital. Most small business owners find that a Merchant Cash Advance is much easier to get than traditional business financing. The application is quick and easy, and you can have cash in-hand in as few as 3 business days.
A Merchant Cash Advance also has no restrictions on use so a business owner can spend it however they see fit. Most will use it for one or more strategies designed to stabilize and grow their small business, and 3 out of 4 qualified customers will return to us for additional fundings. They return to AdvanceMe because we understand the importance of short term working capital and we do all we can to make it easy for small business owners to get it.
If your business is seeking short term working capital, we encourage you to discover the simplicity and efficiency offered by our Merchant Cash Advance. Our online application is free with no obligation, and once qualified, you could receive your money in as few as 3 days.
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Start the no hassle application process for working capital today with our easy online application form. You could have money within days!
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