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'It’s easy to get a loan unless you need it’. Many times, the passion to pursue your goals, perseverance, enormous effort, time management is just isn’t enough to build your business – An ugly truth indeed...._ Relativity - 7 Loan Options For Small Businesses - Solve A Cash Flow Crisis
If small business owners had it their way, they’d never have to worry about money. Their bank accounts would always give them the financial flexibility necessary to pursue any and all opportunities for growth. Unfortunately, it’s not that simple.
here are a number of reasons why cash can get tight for small businesses, including the following:
• Customers could take their time paying their bills.
• Operating expenses (rent, supplies and utilities) can increase.
• Sales could slow down unexpectedly.
• New equipment and technology may need to be purchased.
• Health care costs could eat even more profit.
The good news is that while cash flow problems are common for small businesses, they don’t have to be a death sentence. When money’s tight, there are a number of outside financing options that small business owners can turn to in order to bridge cash flow gaps and redirect their focus on growing their companies. Let’s take a look at eight of them.
1. Invoice Financing
2. Invoice Factoring
3. Traditional Bank Loans
4. Small Business Administration (SBA) Loans
5. Merchant Cash Advances
6. Business Lines of Credit
7. Loans From Non-Bank Lenders
8. Outside Investors

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