Round 3 – Flexibility
There are few words which clash as heavily as “Bank Loan” and “Flexible”. Typically, when a small business qualifies for bank financing they are then faced with the task of sticking to the business plan they set in the beginning and making strict monthly payments. If, as a small business owner, the loan you qualify for doesn’t really work for your business, what are your other options? The bank doesn’t tend to have a variety of loan payment options. They stick with one – pay us, on this day, every month, this amount.
With a Company Capital Inc advance you not only get flexible payments which are based on a percentage of you daily sales but also the possibility of using your ATM transaction surcharges to gain the working capital you need. There is a lot of confusion surrounding this form of financing since it’s a relatively new idea. As we all know, when you use an ATM that isn’t provided by your bank, you are charged a service fee. Even if you go into another bank, you still have to “accept” that they are going to charge you anywhere from $1.50 to $3.00 to process your transaction and really, why shouldn’t they? They are providing a convenience and in order to process that convenience it’s going to cost them money. Fair enough since for a lot of Canadian’s out there (especially those of you in Calgary and Edmonton … really anywhere in Alberta or Saskatchewan) who are braving the winter months, the convenience of being able to use an ATM rather than traipse off in the cold searching for your bank, is worth a lot more than $2.00. Many of us have gotten to the point where we no longer even notice that charge. It’s now just part of the convenience of using an ATM. What if you could get loan alternative financing for your business simply based on that $2.00 or $3.00 ATM surcharge? Company Capital Inc makes that possible by providing funding or “advancing” anywhere from $5,000 to $10,000 based on those ATM surcharges. It doesn’t affect your daily sales, any additional financing you may already have, has no strict monthly payment plan and you can take up to a year to pay back. Suddenly those ATM transaction fees are taking the words convenience and flexibility to a whole new level.