3 Ways to Pay Business Taxes When You Don’t Have the Cash
If you owe more in business taxes on March 15 than you thought, but don’t have the cash to pay them off, you’re not alone.
It happens to all business owners at some point. Calm down, cool off, and take a look at your list of options below.
3 Ways to Pay Business Taxes When You Don’t Have the Cash
- Option 1: Make a Deal with the IRS. If that sentence alone didn’t give you a headache, you’ll soon learn why it should – if you decide to ask for an extension or re-negotiation with the IRS.
You could ask for an extension – but keep in mind that this does not make your tax bill disappear.
You’ll still need to pay off a good amount of the taxes you owe on March 15.
And you’ll also need to deal with the paperwork and frustration of working with the IRS.
Plus, there’s always the chance you won’t qualify for the extension you apply for, after all the headache.
- Option 2: Borrow from a Bank. Borrowing financing options like low-rate SBA loans from a bank may be a great option for you.
With bank funding, you’d be able to pay off all your taxes at once, with no negotiation needed, no added interest, etc…if it didn’t take the bank many weeks to months to get you funded.
With tax day just around the corner, it is already most likely too late to apply for financing from a bank at this point.
And what’s more – bank business loans are incredibly difficult to get approved for.
If you don’t have perfect credit, years in business, and stellar sales, then you’ll need to look elsewhere.
- Option 3: Borrow from Alternative Business Lenders. With an expedited 24-hour funding process, simplified qualifications, and reduced paperwork requirements, alternative business financing offers the fastest and easiest funding options on the market.
These options include:
No Added Interest. No Lump Payments. No IRS.
When you choose alternative funding, you choose the only option that offers a way to pay off your taxes without raising interest, disrupting your business’s cash flow, and negotiating with the IRS.
You may even wind up saving thousands in the long run. For example, lets say you choose to take out a revolving credit line, instead of a traditional financing option.
With revolving credit, you get a maximum amount of credit that you can draw from as you need it.
Unlike traditional financing, revolving credit gives you the flexibility of only paying for whatever amount you choose to withdraw.
So instead of taking out a traditional business loan to do your taxes, in which you may wind up paying for much more than the taxes you’re owed, you can use this financing option that protects you from overborrowing.
This is the kind of flexibility that alternative financing options offer those who need help paying off owed taxes.
Click the link here to view all your options: National Business Financing Options.
How to Get Alternative Business Funding In Time for Tax Season
Fortunately, the team at National makes it easy to get the funding you need to take on tax season with confidence, without the possibility of disrupting your business operations.
Here’s what you need to do:
- Make Sure You Qualify. Have you been in business for over 6 months?
Do you make over $100K in annual gross sales?
Then congratulations – that’s all you need to get financing in 24 hours!
- Fill Out Our 1-Minute Application. All we need is your:
- Name, Number & Email
- Business Name & Address
- Annual Sales & Time in Business
- Desired Loan Amount
- Industry
- And Your Intended Use for Financing
- Sit Back & Relax! We’ll handle all the paperwork, and search through the global marketplace to find the best financing options that perfectly suit your needs.
- Receive Funds Through our expedited process, you’ll receive funds in as little as 24 hours.
- Pay off Your Taxes! No extensions. No negotiations. No adding on interest.
Use your borrowed funds to pay off all of your taxes at once, or just a portion.
Pay us back in fixed monthly installments, or choose a more flexible repayment option – consult with us, and we’ll establish a repayment plan that works best for you!
Apply Today, Get the Funds You Need To Pay Your Taxes Tomorrow!
Give us a call for a free consultation at (877) 482-3008.
Or, fill out our simple 1-minute application below to get the funds you need in as little as 24 hours, and free yourself and your business from the burden of owed taxes in 2019!
Matt Carrigan is the Content Writer at National Business Capital & Services. He loves spending every day creating content to educate business owners across every industry about business growth strategies, and how they can access the funding they need!