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The Importance Of Securing Extra Working Capital In A Timely Manner

The Importance Of Securing Extra Working Capital In A Timely Manner

As a Canadian small business owner, you’re likely well aware that time is of the essence. With so much competition out there, it’s wise to provide the members of your customer base with the products and services they want as soon as they need them. We live in a “want it now” world. With the internet providing people with click-of-a-button information within seconds, our society has become accustomed to getting what they want quickly.

It’s no secret to the modern day consumer that he/she has options. So, if you’re unable to provide your client base with what it wants right away, many of your customers will seek what they’re looking for elsewhere.

The concept of meeting immediate needs tops the list of reasons why Canadian small business owners need to secure extra working capital in a timely manner. As far too many entrepreneurs have discovered, going the way of the business loan is not a very speedy method. Most get their business loan applications denied. And for those who are successful in securing loans, the process can often take weeks, if not, months.

Why do Canadian business owners need to get extra working capital so quickly?

In addition to the already-mentioned need to quickly address the needs and concerns of customers, it’s important to remember that as time passes, customer needs grow and develop. As a result, it’s wise to be up on the newest innovations that speak to the interests of your customer base. As Tutor2u.net explains, business owners require money quickly so that they can develop and market new products.

“In fast moving markets, where competitors are constantly updating their products, a business needs to spend money on developing and marketing new products e.g. to do marketing research and test new products in ‘pilot’ markets,” reads the site, “These costs are not normally covered by sales of the products for some time (if at all), so money needs to be raised to pay for the research.”

Of course, there are numerous other reasons why it’s important to get your hands on extra working capital quickly. If you have a plan to grow your business, chances are you don’t want to sit on the opportunity and let it pass you by. As Tutor2u.net points out, you may have an opportunity to take over or acquire another business, you may wish to move your place of business to a new location or you may wish to simply manage the day-to-day running of your business with better ease.

What is the quickest way to get your hands on extra working capital?

Regardless of your chosen business venture, having extra working capital to put your plans into action is of paramount importance. At Synergy Merchants, we recognize this and, as a result, have developed a unique merchant cash advance program that successfully funds business owners within 24 hours of starting their applications. It’s quick and easy and there is minimal paperwork involved!

For more information about our merchant cash advance program or to speak with one of our licensed funding specialists to get a free, no obligation quote, simply call Synergy Merchants at 1-877-718-2026 or email us at info@synergymerchants.com.

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