General information on a long term business loan
The cost of opening and operating a new business can climb faster than you ever thought possible. Those costs include both operating costs like finding a warehouse or office and paying for utilities and costs associated with building up your inventory and advertising products to potential customers. One thing you may not think about is payroll funding. Until your company starts turning a profit, you may need to pay out of pocket for the paychecks that your workers get. With a long term business loan from Flexible Funding, you can now get the cash that you need to cover those checks without spending your own money or taking away from your profits.
What is Payroll Funding?
When money is tight, you might find yourself putting off paying your employees to pay your suppliers. Everyone deserves the right to get a paycheck for the work done, which is why you should never skip out on paying your workers. Our payroll funding services let you get a loan that you can use to pay your workers right now without worrying about taking money away
from your suppliers or profits. Apply for one of our short term or long term business loans to pay all your employees for the hard work they do.
Short Term vs. Long Term Business Loan
The biggest difference between a short term and long term business loan is how much time you have to pay back the money you borrow. Some of our competitors will charge an interest rate on the total amount that you owe, which can leave you paying on those loans for five years or longer. With our short term loans, we only charge interest on the amount you borrow at the beginning. This lets you pay off the total amount even faster. Our long term loans are perfect for those who want to take a little longer to pay off their loans.
Set Your Own Terms
We are the only funding company that lets you set some of your own terms, including when you end your agreement with us. Our representatives will go to great lengths to ensure that you are happy and satisfied with the services we offer. If you are unhappy for any reason, contact us to find out how you can terminate your agreement. You can pay the total amount due and end your agreement on the spot, or you can pay your balance and request a new loan.