When your business needs working capital, it's tempting to jump at the first offer. But not all funding is created equal, and the wrong decision can put unnecessary strain on your business.
At Spring Advance, we encourage business owners to slow down, ask the right questions, and choose funding that supports not hurts their long-term goals.
Here are five essential questions to ask before you sign anything:
1️⃣ What's the True Cost of Capital?
It's not just about how much you're receiving it's about what you'll repay. Some offers hide fees behind confusing terms. Always calculate the total payback, not just the advertised rate.
2️⃣ How Will the Payments Be Collected?
Daily, weekly, or bi-weekly remits can impact your cash flow. If repayment schedules don't align with your revenue cycle, it could create unnecessary strain. Look for flexibility that fits your business rhythm.
3️⃣ Are There Any Hidden Fees?
Broker fees, origination fees, service charges they add up quickly. Some providers bury these costs in the fine print. At Spring Advance, we're proud to say: no unnecessary broker fees, ever.
4️⃣ How Fast Can I Access the Funds?
Timing matters. A bank loan may take weeks, while some alternatives—like merchant cash advances can fund in just 24–48 hours. Ask yourself: Do I have time to wait?
5️⃣ What Happens If Sales Slow Down?
Business is unpredictable. The right funding partner will work with you if things change. Avoid agreements that lock you into rigid terms with no room for adjustment.
✅ The Bottom Line
The best funding option isn't just about speed or size it's about transparency, flexibility, and alignment with your goals.
At Spring Advance, we walk you through each of these questions, so you feel confident in your decision.
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