The Financial Keys to Business Success

Maintaining a successful business is like putting together an intricate puzzle. Numerous pieces must fit together to create the big picture. Financial success is one piece of this intricate puzzle. So, what should you do to maintain the financial success for your company?

Taking Risks

Taking risks is actually a very broad concept. There are financial risks, personal risks, and business risks. Each piece of this concept is involved in the idea of taking risks for a successful business.

To begin, it is important to examine the risks of expanding your business. Most companies reach a “comfort zone” in which they are doing well and know what to expect from their customers as much as their customers know what to expect from them. The problem with this comfort zone is the lack of growth potential. It is the equivalent of a dead end job for employees.

The solution is to expand your offerings, or expand your overall business. Expansion does not require a complete overhaul. However, it does require a small risk, whether it is a new line of merchandise, opening a new location, or adding an area of expertise to your services. The other important part of the expansion process is the addition of funds. Many companies do not have the funds readily available to grow their business. These companies will require financing in the form of a small business loan or mezzanine capital.

This is especially true in the world of restaurants. Restaurants often look to open a new facility or add a new option, such as a bakery or delivery service. These options require restaurant funding. Even in taking risks, business owners need to be prepared for the worse and hope for the best. Being prepared for the worst is to prepare for lack of money for an undetermined amount of time.

This is the time in which a cash credit line can be of the utmost importance. Maintaining a business line of credit allows for businesses to have cash on hand to avoid running up bad debt or allowing debt to go into collections for non-payment. This type of loan can be combined with a traditional loan to allow for risk taking as well as preparation. The line of credit is a continual loan that works much in the way as a credit card. It is a revolving credit line in which payments are made based on its usage and funds are available as they are replenished. In turn, interest is only charged on the funds used as they build in the credit line. It allows for additional equity available to keep the business running as changes are occurring.

ARF Financial offers numerous small business loans and lines of credit for all stages of business success. Some loans are meant to help keep your company afloat during a more difficult time, while others are meant to help the business expand or make a needed purchase to move forward. Some of these options include items such as flex pay loans, mezzanine loans, lines of credit, and even bridge loans. ARF Financial works with many businesses, including those within the restaurant industry, finding appropriate funding for all of their needs. The benefits of any loan within the ARF Financial line can be obtained with an easy, streamlined process.

The turnaround time for most loans is only 48 hours once the paperwork is completed. One of the most important factors is the ability of ARF Financial to work with any bank to get the money to the client efficiently.

Consider what a flex pay loan can do for your company. The flex pay loan help businesses grow without the high overhead of a large loan up front. This type of loan also allows borrowers to defer a certain percentage of the loan principal for future use, creating low payments that are affordable for most any businesses looking to expand without the high monthly payments. To add to the flexibility of this loan, the deferred portion of the loan can be repaid through a number of options. Contact ARF Financial to learn more about the flex pay loan.

Next to the flex pay loan, another option for most businesses is using a line of credit. ARF Financial offers approval within just days at which time the borrower will have access to drafts 24 hours a day. To make these types of loans even easier, ARF Financial offers taxable drafts and a no application, maintenance, or access fees, and a streamlined process.

ARF Financial can help your business reach its intended level of success. To learn more about the ways in which ARF Financial can help your business grow to the business you always envisioned, contact a representative today at 866.702.4430.