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If Banks are slow and time is money, look at the smarter choice to Finance your equipments.

Whether you just started out with a new venture or plan to expand an existing business set up, one thing that is common across small businesses is need for business Equipment leasing and financing. Be it a restaurant, a Bakery, a Salon, a Motel, a Medical or an Automotive set up; looking for a source to finance the equipment requirement gains the top most position in the priority list for any business.

Author: Mithun Chetan
Date: Jan 7, 2010 - 7:17:37 AM

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Depending on the nature of your business, the need for equipment financing could vary from needing a transportation related equipment, to medical, bakery or a pet store etc.

With the recent financial hit, various financial organizations and typically the traditional lenders which includes banks have become very choosy when it comes to approving loans for businesses. Some of the business types that have been worst hit because of stringent approval procedures being followed by banks are start ups, restaurants,private practices, high risk businesses etc. With such stringent parameters the loan approval process for restaurant equipment leasing, medical equipment leasing etc specially for those set ups which do not have a good credit score to back them up has also been a great problem. Apart from this, most of us who were apprehensive about approaching other sources of financing and straight away headed for the bank for getting our equipments financed, sure would have gone through the much painstaking process of extensive documentation, financial information, credit checks, reference checks etc and most of us swear not to go that route again.

However, for those who are thinking of and researching for other feasible equipment leasing finance options that can help them get the needed finance to lease business equipments, funding through business cash advance is there. This loan type that is advanced to business owners has no restrictions whatsoever when it comes to the usage of this loan, provided its for business purposes . Also whether the loan requirement is for commercial equipment loan or industrial equipment leasing; business cash advance is open to all. Moreover, the two most common factors that most of us personally dread: Credit checks and collateral; business cash advance option doesn't take into account either. This cash which is advanced to the users is basically against their future credit card sales and previous credit card sales history.

The funding option is ideal for those who are into a seasonal business or just started since the repayment options are flexible and doesn't require you to make a fixed monthly repayment towards the loan amount.. The business cash advance way of funding is gaining popularity because of the low turnaround time which is usually within 24hrs with no application fee and funds are generally released in ten days or may be lesser. So whether you want to lease business equipment or purchase a business equipment it doesn't really matter. Next time if you A business cash advance is one answer to meeting all your business needs.

There are various online third parties that help in getting the loan seeker and providers link. Once such example to quote is www.smallbusinessloancentral.com that has options and detailed info for all business types.

View all articles by Mithun Chetan

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