Monday, August 20, 2012
Any small business owners out there who are strapped for capital?
So, as most of you know, I dabbled in small business for a little while. Unfortunately, my attempt at starting a babyfood company was cut short by a sudden wave of competition. Luckily for me, I was still in the planning stages so I was able to backtrack without any big loses. I still have hopes to start up another business in the near future. I have a few (top secret) ideas that I'm playing around with, but one thing that they all have in common is I need start-up money - which I don't have right now. In comes Kabbage.com! This is a company that provides cash advantages to small businesses and startup companies. There are a few different payback options and you can even pay your loan off early to avoid some interest charges! When you apply for a merchant cash advance from kabbage they provide you with an initial lump sum that can be used for start-up cash or to purchase inventory or supplies. Then you work out a plan to pay them back as the initial investment pays off! They also look at more than just simple credit scores, which I think is great. So many banks and credit unions see a mediocre credit score and refuse to look anywhere else. I feel that just because someone has made poor decisions in the past, it doesn't mean they don't have the potential to do something great in the future!! So, if your business could use a boost, I suggest you check these guys out. Let me know how it goes!