Planning and starting a business is one of the most exciting things you’ll ever do. You have done tons of research, written a business plan and now you have just one, big question left to answer: how to finance your business. Business funding is such a broad concept; it can easily overwhelm an entrepreneur. To help you get started, consider the following things you should consider before financing your business, along with tips on how to choose funding: Understand what you’re financing In order to determine what financing is right for your business, you first have to understand what you’re […]

Much has been said about who has been harmed by the recent government shutdown – the longest shutdown in U.S. history. The shutdown began Dec. 22, 2018 and ended 35 days later. Hundreds of thousands of Federal workers who had missed two paychecks during the partial government shutdown were finally informed they would receive their back pay. In the midst of the shutdown and in the days after, not much was said about how the partial shutdown affected small businesses. Countless small business owners were also negatively impacted by the shutdown. The following are the top three consequences small businesses […]

What if you could secure the funding you need for your business from a source other than a traditional bank? Just 10 years ago, the options businesses had for funding were incredibly limited. For certain business types and industries, it was next to impossible to secure the cash they needed. Today, the phrase “alternative lending” is much more common and has begun to really mean something to small business owners. It has become a very important part of the business financing industry. But what are alternative small business loans? Alternative lending is a broad term that includes many new small […]

All small merchants need a reliable source of instant cash. Whether you’re sure you’ll meet bank loan requirements or not, nothing gives you financial confidence like knowing you can secure financing in as fast as 24 hours. Some opportunities are time-bound, so you won’t have the leisure of waiting for your bank to go through their long processes as you wait for a response— which may also be positive or disappointing. So where do you search when desperate for immediate financial backing? What are some forms of commercial funding that will work for your situation? 1-A Line of credit Lines […]

When is an MCA the Best Financing Option for My Business? Yes, sometimes an MCA can give you the perfect financial boost you need. A Merchant Cash Advance is a form of financing that moneylenders collateralized using a company’s yet to come sales. The product offers upfront funding in trade for a cut of the business’s total credit & debit card transactions or per-day bank payments until you fully pay out the advance. Unlike bank loans that feature interest rates and fixed per-month payments, MCA costs vary depending on a factor rate instead of an interest rate. Factor rates begin […]