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Why You Should Apply for Business Funding Before You Need It

It’s no secret that as a business owner, there will be many times where you will need extra capital. Whether it’s to purchase new equipment, expand your team or outsource services – having access to extra funding for your business is a necessity. However, in times of emergency, you’ll need it faster than you’re likely to get it. In these cases, applying for business funding before you need it will ensure you’re able to pull yourself out of emergency situations before they become unmanageable. 

Reason 1: You’re Less Likely to Make Irrational Decisions 

When you urgently need extra funding or are going through a difficult period, the stress of the circumstance may lead to poor decisions being made. Avoiding irrational business decisions is easier when you have access to additional capital, and you’re able to think clearly about your options, while knowing what your finances do and don’t allow. 

Reason 2: You Can Assess All Your Options Before Committing 

While gaining access to additional funding can be a lengthy process, there are various alternative funding options that you may want to consider. Doing this before any problems arise allows you to not only plan for emergency situations, but understand which options will benefit your business the most without compromising your business credit or financial objectives.

With an ever-changing economy and growing competition in every industry – staying ahead of your competitors and potential problems is as good a reason as any to seek out additional business funding, and alternative funding companies such as GroWise Capital could be the solution you’re looking for. 

What Options Are Available for Business Advance Funding? 

Business Cash Advance

Simply put, a cash advance is a purchase of your company’s future income based on all your income streams, with customizable terms and either pre-determined or variable repayment amounts, so you can easily plan how you’ll utilize your funds.

Merchant Cash Advance 

A purchase of future income with flexible repayments deducted directly from your merchant account.

Merchant Stock Advance

At GroWise Capital we also have a Merchant Stock Advance as an alternative funding option. It’s easy! We buy your stock, and sell it to you. Easy and flexible repayments to fit in with your business!

There are countless reasons to seek alternative business funding, and our goal at GroWise is simple, to get your business funded and growing… fast. 

Have a Growise Capital team member contact you here

Or, Apply for Growise Capital business funding here.

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