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Some gas stations in the oil-rich states of Texas and Oklahoma have already started selling gasoline for just $2 a gallon, as the wholesale price of gas as well as the price of a barrel of oil both declined during the second week of December. That is great news for most small business owners who have been strategizing ways to free up more cash flow and seize the opportunity of a robust economic recovery heading into the busy holiday shopping season and 2015.While the growth prospects are plentiful, loans are still somewhat scarce. But saving money at the pump could spell relief for small business owners who find themselves in a bind because although the economy is picking up, they cannot find banks to lend them the money they need in order to meet increasing demand. Recent surveys of small businesses confirm that this is one of their biggest challenges heading into the new year.
“Small business budgets are particularly sensitive to fluctuations in the cost of fuel,” Meghan Robinson, CEO of Sunovis Financial, explains. “Whether they need to operate their delivery vehicles or the cost of long-distance transportation is added into the price of the goods they buy from manufacturers to supply their inventory, the price of gasoline is critical. When gas is cheap consumers have more household income to spend, too, especially when it comes to year-end holiday shopping. All of that helps small businesses everyone boost their revenues and experience profitability without having to raise their prices or cut back on plans to grow and expand their markets.”
Robinson’s company, a leader in the small business loan sector, offers borrowers a free online tool, the Available Funding Wizard, which lets them simply type in three key pieces of information in order to instantly find out much they might qualify for if they borrow. They don’t have to talk to anyone on the phone or provide a loan application, so it is convenient way to determine how much money they can borrow, based on their monthly revenue.
“The important thing is to shop around to find the best loan for the most affordable price,” says Robinson. “Just as Americans are now using smart phone apps and other technologies to find the gas station with the cheapest prices, online financial platforms and tools can help business owners do the same thing to figure out which lender has the best deal and the most user-friendly terms.”
Contact Info:
Name: Media Director
Email: Send Email
Organization: Sunovis Financial
Address: Overland Park
Phone: 855 243-7191
Website: http://www.sunovisfinancial.com
Release ID: 70627
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