12/11/2017

Open Door Loans for the Prudent Small Business Owner

As a new or small business owner you are probably under a lot of financial pressure. This is doubly true if you have employees. If your business is providing the livelihood for others, you feel responsible to get them their pay check on time. But, what are you to do if pay day is approaching, and you don’t have the cash on hand? Most new businesses operate “in the red” for the first several years, and it can be stressful to keep all your bills paid, creditors off your back, and just keep in motion long enough to pick up momentum.

A fair number of new businesses are coming to rely on open door loans. These are short term loans that can be taken out to keep you afloat during a cash poor time, when you have income on the horizon that has not yet made it into your bank account. Typically, these loans are small, and intended to get you through a cash crunch. They are not the kind of loan you take out to get your business started. If you have taken out a larger loan or mortgage from the bank, you may be hesitant to approach them again. With these cash advance loans you can side step the issue, pay your bills and keep your momentum going.

In the business world, you can’t show signs of faltering or failing. Competition is fierce, and to stay in the game you sometimes have to adopt a “fake it till you make it” strategy. This needs to be done prudently, taking only calculated risks, but running a business does often require decisive action. If you don’t want to go borrowing from friends, family or financial institutions, consider establishing a good relationship with open door loans.

These loans are not based on your credit history, but rather your current employment. If you can show that expected income is just a few weeks away, you can get approved for an immediate cash advance. The funds are usually deposited into your bank account within 24 hours. You can pay your employees, creditors or whomever, and keep the business afloat.

There are few stipulations for the loan: you must be a legal UK resident, over the age of 18, have a bank account and bank card, and receive your pay check on direct deposit. Beyond these easy to fill requirements all you need is proof of employment. The average business owner will have no trouble satisfying the requirements and being eligible for immediate cash when they need it.

Always borrow responsibly and pay careful attention to your business’ financial obligations. With proper management, an open door loan is the perfect option for you.

One of the major open door loans companies is http://www.opendoorloan.co.uk/