What are the Advantages of Receiving Funding for Your Small Business?
- June 3, 2021
- Written by : Elizabeth Beall
There are hundreds of industries and even more types of businesses. While all of these differ in some ways, there is one similarity that rings true for all.
Every business needs one important thing whether to start, grow, or maintain: money.
Finances are indispensable, yet are limited and tough to manage. There will always be a new expense, an emergency, a need for equipment renewal, and of course, an ongoing expectation of paying employees.
When a business cannot afford to or needs support to carry out one of these day-to-day tasks, one of the most common actions for business owners is to apply for funding.
Funding however goes far beyond simply helping you get through daily operations; business financing can allow you to grow to new heights, take on strategic risks, and exceed your own expectations.
Curious as to what those benefits may be? Read on.
Funding for growth
Accelerate your growth
Many businesses grow using one of a few different strategies: invest, sell, or seek funding. All of which require a specific amount of spending, although funding only has a limited amount via the low rate associated.
This makes funding the safer and more impactful strategy to accelerate a businessâ€™s growth. With capital at your discretion, you are able to make new business ideaâ€™s to come to life, and take chances you otherwise would not be able to.
Purchase large assets
Assets are important for a number of reasons including wealth, collateral, and opportunity. With large assets in your ownership, your businessâ€™s value grows, and with large assets in your possession, you feel empowered to take risks.
Lastly, offering assets in the form of collateral (used often when applying for funding) can not only improve your likelihood to receive capital, it can also allow you to have more say-so in finance negotiations.
Access to educated industry financial professionals
At REIL Capital, we support you throughout your entire funding experience, from application to approval and beyond. We work with you to answer all of your questions, address your concerns, and create a transparent process for you.
This working relationship could even lead to a partnership, giving you the opportunity to have financial advice on a day-to-day basis.
Funding for purchases
Access large amounts of capital
Having capital available to you can be the difference between making or breaking your business. Whether youâ€™re facing a need to purchase new equipment or a need to pay your employees, funding can help. Are you in need of working capital now? Apply for funding with us to receive capital in less than 48 hours.
Flexibility of use
Business owners are constantly moving and thinking about their business. When it comes to buying or spending, or making everyday business decisions, owners need to feel comfortable. If you are in the situation in which additional capital is essential to accomplish multiple varying tasks, small business funding is a great option for you to consider.
Funding for security
Convenience of spending
Funding can put needed capital in your pocket in a matter of days. Whether a surprise cost, or a need for spending in a jiffy, having the ability to quickly apply for or source funding not only makes those situations simpler, but also easier to manage.
The definition, according to Dictionary.com, of an emergency is a serious, unexpected, and often dangerous situation requiring immediate action. This says it all.
If you, as a business owner, are suddenly faced with an unpredicted problem or challenge, funding can help give you some peace of mind, as well as help to provide monetary solutions. In addition, having excess working capital at your disposal (when needed), could mean the difference of overcoming the emergency or being taken over by it.
Funding for help
Overcome cash flow challenges
We mentioned emergencies above, but cash flow challenges are an entirely different monster. You can avoid being in a position of needing cash, yet not having access to it, with funding.
Lower interest rates and flexible repayment terms
Small business funding is one of the most common financing options for business owners due to their low interest rates and easy repayment terms. Depending on your current financial standing, meaning your ability to pay back borrowed capital and your past financial history, lenders will be more or less inclined to approve your funding.
Do you need a lender for business that provides low rates and flexible terms? Please give us a call to see what we may do for you. Debt reconstruction
With small business funding, you will be able to restructure and refinance existing debt, make financial planning simpler and more strategic, and grow your business through working capital.
No matter where the debt sprouts from, there is a financing option to suit your needs. Access to SBA resources
Applying and receiving funding for your small business also means being granted access to Small Business Association resources such as COVID-19 advice, more information on PPP loans, and more.
If youâ€™d like a sidekick for finances, this is the closest and best option besides a financial advisor.
Whether you need funding for debt reconstruction, peace of mind and security, big purchases and accumulation of assets, or for general help and support, we can help you.
At REIL Capital we offer REIL solutions to business owners just like you. Depend on us, and weâ€™ll get you where you need to beâ€¦ and exceed expectations while doing so.