SHORT TERM FUNDING
What Is Short Term
Funding for Small Business and How Does It Work?
At some time or
another, your business will need a quick but effective cash injection in the
short term. This is an ideal way to keep you competitive and to make sure you
have the flexibility required to get the best results in your field.
This is where
short term funding provides such a huge benefit to small businesses across the
United States, and it’s where funding providers such as First Down are leading
the way in pioneering alternative methods to support our economy.
But this leaves
some questions still unanswered. What is short term business funding? What are
the alternatives to the major banks and other financial institutions? And how
does the process work in practice?
At First Down
Funding, the process works like this:
- Apply for the
funding product: Our funding approval process is a rapid one, and you can have
your application completed and submitted in less than two minutes.
- Wait for funding
approval: We will then work to assess your situation and provide an answer. Our
approval processes are quick, often taking less than 24 hours. We will use
future transaction projections to assess your application, eliminating the need
for collateral, down payments, or proof of credit history.
- Receive your
funding: To promote flexibility and agility, we make sure to deposit funds
directly into your bank account, without delay.
- Work with us to
secure the future of your business: We have a range of different funding
products available and we can work with you to ensure you have the support you
need going forward.
Using Short Term
Funding to Run Your Business
There are a number
of ways you can maximize the benefit you receive from short term funding in the
United States. Take a look at just a few of these:
- Purchase inventory
at discounted rates.
- Clear debts you
may have incurred in the past.
- Handle short term
repairs or other emergency costs.
advertising and marketing spending
- Make low level
investments in infrastructure
- Improve cash
solubility and achieve better levels of working capital
There are many
other reasons you may opt to pursue a short-term funding product, and your own
circumstances may differ from those listed above. However, as a general rule,
short term funding will be suitable only for low level payments and expenses.
Large scale hiring of new staff or expansion of business premises may not be
To discuss your
options and to find out more, get in touch with our team today, or hit the
button below to get started.