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Small Business Loans Help Businesses Make it through the Storm

   Thursday, 26 February 2015 00:00 PBC Blog

According to a report in The Boston Globe the recent winter weather has given Small Business Owners the cold shoulder. Small Business Loans from the Federal Government may be a financing option. Restaurants, retailers, beauty salons and spas have been frustrated as snow piled up and business ground to a halt. Small Business Administration (SBA) loans can provide small businesses with the working capital they need to recover from physical damages like failing roofs and frozen pipes. They can also help with losses triggered when employees could not get to work.

 

According to The Boston Globe:

 

A wide array of Boston-area businesses — restaurants, retailers, print shops, law firms — have been frustrated in recent weeks as snow piled up and business ground nearly to a halt. The snow derailed MBTA service, snarled vehicle traffic, and turned commutes into hourslong treks.

Even Valentine’s Day dinner reservations ended up being canceled. As a result, some companies might be struggling to make payroll.

For most companies, the loss of normal business can be among the most difficult costs to recover and usually isn’t reimbursed by insurance. Most insurance policies will cover lost business during a storm only if there is direct damage, such a roof collapse.

Add to that a variety of other exclusions in the fine print of insurance policies and some businesses can find it tricky to claim financial losses from their insurance companies.

 

If you are a Small Business owner and you are in immediate need of working capital we can help. Premier Business Capital has helped thousands of customers like yourself build their businesses by solving their issues with liquidity and stifled growth. Our client list is full of success stories. If you need a solution to provide working capital to your business, please contact us!

 

We provide two highly accessible financing programs that can get your business the working capital it needs in days instead of months.

For a small business, obtaining a traditional loan today is a complex and difficult process. That’s where Premier Business Capital comes in. 

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