Looking at the statistics, big banks are making it difficult for contractors and others in the construction industry to obtain business loans, especially when asking for amounts equaling $100,000 or more. The recent recession has left banks wary of the stability of construction and remodeling work, and now contractors across the U.S. are suffering or even being forced to close or downsize their businesses. However, In Advance Capital, LCC can provide you with a powerful solution that will help you obtain the cash you need without any hassles or complications.
The good news for contractors is that you do not have to apply for a business loan in order to receive the capital you require to keep your business strong and thriving. At In Advance Capital, we can approve you for a cash advance based on your sales over the previous few months. You will not need to complete complicated loan applications or submit years of tax documents and business records. Furthermore, you will need absolutely no collateral, and you can be approved even if you have poor credit.
The reasons why you may need financing are not important. We understand that contractors face a variety of situations that require them to receive a temporary influx of capital without having to wait for a business loan. Some of the most popular reasons why contractors apply for financing are as follows:
Receiving contractor financing is simple with In Advance Capital. All you have to do is fill out the form on the right, and in most cases, we will contact you within 24 hours. Alternately, you can download an application here that can be submitted by fax or email. After you are approved, you will receive the funds as agreed upon in about seven business days. The maximum amount is determined by your sales, and the funds are directly deposited into your business bank account.
After the funds are deposited, you repay the cash as a percentage of your future sales. You never pay a fixed amount, and you avoid the high interest rates associated with bank loans. No matter how long it takes to repay the cash advance, you always pay the same amount.