Small Businesses Poised for Growth Despite Challenges

    MIAMI, FL, October 12, 2015 /24-7PressRelease/ -- "When it comes to providing funding solutions to small businesses, WG Financing thinks that American banks and other traditional lenders are not always the best option. Business loan brokers do not approach lending with the same philosophy as WG Financing," says Cyril Eskenazi, CEO of WG Financing. Banks are too reliant on factors such as collateral and credit scores; they seldom consider cash flow as a true asset or as an underwriting factor.

WG Financing can help small business owners achieve their growth objectives by providing a realistic and accessible source of funding. With the right financing solution, a small business owner can expand by adding staff, purchasing equipmMiami, Florida. October 2, 2015 - The climate for small business growth in the United States is positive despite concerns about consumer sentiment and cash flow. WG Financing, a merchant cash advance firm in South Florida, has reviewed recent reports by American Express and Paycxhex, and they believe that owners of small American companies will be able to expand over the next few months as long as they stay positive and remember that business funding can help them achieve their goals.

In September 2015, the Paychex/IHS Small Business Jobs Index only fell by a fraction, and the American Express Small Business Growth Pulse survey collected positive data about the sentiment for growth. Paychex announced that its index methodology was upgraded to cover eight industry sectors that are now tracked against a national baseline; this improvement allows data analysts to see which sectors are hiring the most. For example, the hospitality and leisure sector has reported steady growth all through 2015.

WG Financing sees the Paychex report as a positive sign that small business owners are doing their best to take advantage of the burgeoning economic recovery across the United States. Many clients of WG Financing are small business owners who operate in leisure and hospitality, and they are often interested in flexible business funding solutions when they are formulating plans for growth and expansion. Owners of small hotels, restaurants, cafes, and pubs are used to the cyclical aspect of tourism, which often puts them in a challenging spot. When low season arrives, these small business owners often request a merchant cash advance to get them through slow times.

The American Express survey was even more positive insofar as showing that small business owners are confident that they will be able to access capital needed to grow their operations. Business funding is crucial in times of growth because it allows companies to catch up to their competitors. More than 90 percent of business owners polled by American Express feel that current economic conditions are adequate for getting funding through sources such as a merchant cash advance.

Another interesting finding of the American Express survey was that 73 percent of respondents, who are business owners and managers of companies that employ less than 100 workers and produce less than $250K in sales, is that 73 percent of them are planning to seek funding through traditional means such as banks and commercial lenders. To this effect, WG Financing believes that merchant funding could better serve the needs of these small business owners.

What American company owners need is an option that can deliver the cash they need in just a couple of days, and this is what WG Financing does.

About WG Financing

Located in Miami, WG Financing is firm that specializes in advancing cash to clients willing to pledge a portion of their future sales receipts. WG Financing provides innovative services in several markets. For more information, call today: 1-866-881-1128

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