Today I’m going to talk about how to expand your business and increase your bottom line with quick business loans. My name is Erik Johnson, I am a Business Funding specialist. I help small businesses expand and grow. So we’re gonna talk about how to get quick business loans to increase your bottom line – same day business funding, working capital loans, even if you have bad credit, it is okay, these are no collateral, business revenue based loans.
Quick Business Loans to Increase Your Bottom Line
So we’re going to get into it and what you need to get the money fast because a lot of businesses have a lot of different difficulties and we’re going to address each one and how you can use the working capital.
So the requirements are very straightforward. These are for business cash advances, also called revenue-based loans. So we look at your cash flow more than anything else.
It doesn’t matter if your credit score is 500, we can help you; it doesn’t matter if your credit score is 450, we can help you.
You only need to be in business for six months, or even sometimes four months depending on the loan package you get. Then you only need to be generating $5000 a month, up to $20,000 a month, and we can lend up to $2 million. So we are going to get into that as well.
Quick Business Loan Requirements
But today we are going to just cover the same day loans that are up to $25,000 the same day. So your requirements are 450 FICO, six months in business, and generating $5,000 a month, the last three months.
You need to have a business checking account because these business cash advances are going to be paid back through your ACH through your business checking account on a daily or a weekly basis. So your cash flow has to be pretty steady.
How to Use Quick Business Loans
Now I want to talk about how to use these loans because a lot of businesses that apply for these loans are having a lot of success in doubling and almost tripling their business revenue, and that is what we want to help you guys do is expand your business and keep you in profitability, even during uncertain times.
So how can you use this money? First of all, I have seen a lot of restaurants close down here in Texas, and a lot of it comes from not getting the word out about – I am going to just use restaurants as an example. They don’t get the word out about their business.
So if you’re a restaurant owner, for instance, and you’re off the beaten path maybe you’re down a road and it’s not traveled that often and you’re not getting enough people in your doors, the first thing you can do is hire a social media marketing agency to help you get the word out about your business, about your restaurant.
If you have high quality food and you’re not getting traffic, then it’s probably because you’re not getting the word out enough. So you can definitely start a YouTube channel, a tick tock channel and can get a lot of traffic from just those two platforms.
Of course, you can do a Facebook page, everyone does that. But the really hot item right now is YouTube. YouTube has always worked for generating traffic, and it’s free once you get your channel going with several videos and some of them go viral. You can get a lot of customers coming from out of town even to see you.
The other thing is you can start having live music on the weekends, maybe Wednesday to break up the week. Just have something that is unique. You can redecorate your restaurant. You can use this restaurant business loan (or any type of business you have) for anything you want to grow your business.
Using Quick Business Loans for Advertising
You can also hire an agency that works on business reviews online. You can get yellow pages, you can apply to the Better Business Bureau, there’s other websites where you can advertise your restaurant or whatever business you have.
The bottom line is using that money to get the word out about your restaurant or your business. It doesn’t have to be a restaurant. The other thing is if you’re seasonal you can use your working capital to keep paying your employees to keep buying goods and supplies, fixing broken equipment, getting past the hard times until spring or summer or vice versa until winter depending on your business.
Another thing is to do creative hiring bonuses or pay your employees more to keep them faithful to your business, to keep them there. So if you’re looking for let’s say $10,000 today, you’re going to want to be generating at least $12 to $14,000 in revenue each month.
Now if you’re doing 10,000 a month, you could probably get $7,500 Today, that’s with our micro business loans. If you want larger income, let’s say you make a larger income and you need more of a loan – then you’re going to have to generate $20,000 a month for our larger loans.
You can click the link under this article and fill out the application. If you need more than $25,000 you’ll see a little link that goes to our larger business capital.
So if you make $20,000 a month you can get up to two times that amount. So you could get a business loan for $40,000. So that is the way to expand your business. You definitely want to get your name out there more with advertising. You could bring people in from other towns by doing online advertising. You could get a website builder and have a really nice website done.
Because here is the thing, if your food is really great people are going to come from miles away. I worked at a restaurant called Trattoria Lisina in Driftwood, Texas and it was an Italian place in the middle of nowhere.
But we used to do 200 to 500 covers a night. The reason was word of mouth advertising, top notch quality food, you know really nice authentic Italian and advertising and people would drive hours just to go there.
So don’t think that location matters as much as advertising matters. And you can use this working capital to get your business going fast. So click the subscribe button. Thanks for reading and good luck!