(PRWEB) February 27, 2012
These winter months have seen a spike in business owners applying for small business loans. Time is of the essence this time of year as flower shops, restaurants and jewelry stores prepare for summer. Because of the timely nature of such merchandise, businesses are forced to increase their inventory exponentially for a very short period of time, and can’t always afford to purchase stock before the sales start coming in. Before taking out credit with their suppliers, many of these owners are getting savvy to Paramount Merchant Funding's programs in the business loan industry to help them get through this busy time of year.
Nothing is more frustrating than running out of a quick selling item. Shop owners feel the lost business as they wait for a shipment or scramble to re-order early. They fill in the space on the shelf and make excuses to customers searching for the item and try not to think about how many of them they could be selling if they had only had the funds to purchase more of them from the get go.
“Mother’s Day was coming up, and I needed to put in my orders quickly,” Jess, the owner of a flower boutique in Boston Massachusetts explained. “I had very little disposable cash to make the orders I wanted in time for one of the biggest [sales] day of the year.” Luckily, despite imperfect credit and a deadline creeping up on her, Jess was able to obtain a merchant loan within days and was able to purchase inventory she needed.
Business loans for bad credit often work for owners who find themselves in these kinds of situations. The need for fast cash quickly combines with a less that stellar credit score means the banks are no longer an option. Many of these owners turn to providers of unsecured business loans in order to be able to purchase inventory for their businesses.
“We see a lot of success with this type of loan,” said Jared Feldman, CEO of Paramount Merchant Funding. “A lot of merchants find themselves in a bind with bad credit and inventory issues. Our business loans for bad credit program can really help move things along when everything else seems like a dead end. To help and support small business owners we have created a new customer service department where store owners can call and discuss funding options best suited for their business. Not only can owners looking for funds are welcome to call but owners who have already been funded can also call to discuss various issues related to their outstanding payment”
Most of these unsecured business loans can be paid back in a matter of months with less risk taken on by the owner. Unsecured means no need for collateral which means the owner won’t lose their personal assets if their business fails to make repayments. While inventory may be a balancing game, there is no reason why a business owner with bad credit should have to be at a disadvantage.
About Paramount Merchant Funding
We can provide you with a small business loan of up to $250,000 per business location. This allows us to provide you with the working capital you need within 3 business days or less. There are no restrictions on how to use the money allowing you to grow your business hassle free.
242 W. 36th Street, 14th Floor
New York, NY - 10018
Toll Free: 877-885-1505