How temporary loans work in a business

Here are several scenarios of how temporary funds through Net Pay Capital can work in your business.

  1. Your line of credit gets maxed out and you just need 30-60 days for receivables to catch up.
  2. You don't have a good banking relationship and have no idea where to start to get a term loan for a purchase or capital need. No need to sweat it now with temporary lending through Net Pay Capital.
  3. You need to borrow money but don't want a term loan hanging over your head for the next 3, 5 or 7 years.
  4. You have a line of credit or credit card, but you need to keep it open and unencumbered because you have automatic payments like payroll, car payments and other regular business obligations tied to them.
  5. You're trying to close a business deal and for one reason or another need access to capital that will stay off your credit report. Done.
  6. You're trying to get a deal done and need just a bit more money at the very last moment, like the next day. Done.
  7. All of a sudden, you need to buy out a business partner. You know there's no way a bank will loan you the money on this unsecured obligation. No problem.
  8. You simply want to pay yourself a bonus! No way a bank would loan on that. Net Pay Capital doesn't care what you use the money for. If you're good for it, and you probably are, take your bonus and pay it back over some time.
  9. Sorry to mention it but taxes. Yes, if you need to pay taxes, temporary lending is ideal for that.
  10. Can we come up with a tenth and final scenario? Sure. Why don't you look in the mirror and reflect on how your business works. Reflect on those moments when you really worried about cash or wish you had access to cash, perhaps a lot of it. That's the tenth scenario that is custom to each business owner and perhaps the most meaningful.

Whatever the scenario in your business, consider Net Pay Capital as a modern alternative to NOT having the cash you need in your business when you need it. Think beyond the bank to creating new success in your business through access to new capital.

Wednesday, August 16, 2017
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