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Being able to stay viable in the current marketplace is not easy. There is a shrinking population of people purchasing things as well as an increase on risk. Prices for supplies are going up, your equipment is in need of repairs and many other costly problems plague your business. It is enough to drive many owners over the brink.

Making matters worse is the fact the majority of banks do not offer traditional loans to most businesses any more. Credit has to be excellent in order to even be considered for a loan. A lot of banks do not even offer short term loans even if you do have good credit. They simply do not see any major profits if the individual or business is able to pay off the debt very quickly. The interest they would have to charge would have to be very high indeed,

Because of the lending freeze from banks, many have turned their eyes and their open hands to alternative lending sources. A few of these companies have made it impossible for the rest of the industry to be taken seriously. Most people simply see anything other than a loan from a bank to be too much risk to be worthwhile. In fact, there are different lending services which will not only be able to provide your company the money you will need, they will do it in a manner which will not drain the rest of your resources.

One of the most popular methods for borrowing money is through a business cash advance. Just like a cash advance based on the payroll of employees, the business cash advance is based on the income level of the business. Companies which make more money will be able to get a better loan than those who do not make anything. The interest levels for the loans will be pretty high, but when dealing with either paying a high interest rate or not getting a loan it is easy enough to choose to go for the loan.

It is important to keep in mind that the cash advance business for professionals is very different from those being used by the public. The debt has a little less risk involved in it as the rates are slightly lower and the reclaiming process for the loan is not as aggressive. While there is a natural link between the two kinds of cash advance, they are seemingly miles apart. While the payday loans make it almost impossible for you to be able to pay back the loan, the business cash advance locations offer more leniency and payment methods.

The one thing which cannot be denied is the amount of good companies offering a business cash advance have been able to provide. They have literally made the difference between failing and succeeding for some companies. There is nothing negative to be found in the ability to make money and stay in business even through one of the roughest economies in recent history. Finding a pre-screened vendor for your financial needs may be easier than you think, as there are businesses that help with business to business lead generation.

Resource Nation provides free tools, tips, and purchasing advice for business owners and entrepreneurs in over 100 business categories ranging from phone systems to credit card processing.  Whether it’s connecting businesses with local and national pre-screened vendors, or offering easy service comparisons on a VoIP service, Resource Nation empowers business decision makers by providing the information they need to make smart choices.

This Financial Services article was written by Shannon Suetos on 11/5/2010

Shannon Suetos is the online editor at Resource Nation. She writes expert advice for small businesses and entrepreneurs.