If you are a small business in need of capital, you may have noticed that your options for securing extra financing are greatly limited. It is generally standard for new small to medium-sized businesses to have great difficulty in finding a bank willing to lend them money.  New businesses simply don’t have the credentials and track record that lenders require to prove their trustworthiness. However, there is one solution that can be worth considering if you have been denied a business loan, and that is a merchant cash advance. A merchant cash advance (MCA) is a cash advance based on […]

MCAs offer SMEs a quick business financing alternative, something different than what veteran banking institutions offer. With cash advances, a funding company gives a retailer an amount, which they utilize for their business needs and settle with a predetermined percentage of their per-day sales. This new-age product is appropriate for micro-businesses that; Take credit card payments, cash, and check payments. It is NOT suitable for retailers who use invoices. Record high sales Are seeking instant financing Won’t be verified for bank funding How it Works MCAs offer finances to microbusinesses in trade for a portion (%) of the company’s daily […]

Credit card payment, also known as plastic payment, is still one on the staple ways to pay for items online. According to statistics, last year alone four million new users begun paying with credit cards. The same year almost 65 percent of houses in the United States used plastic payments. These and more statistics explain the increasing need to start collecting credit card payments. Customers are moving towards a cashless economy with more preferring cards than cash. So being able to process credit card transactions opens a new opportunity to a business and offers shoppers a favorite payment method. The […]

According to Q2 2019 Private Capital Access Index (PCA Index) from Dun & Bradstreet and Pepperdine Graziadio Business School, there is a growing number of small business owners that are seeking to gain more access to capital than in the first quarter of this year. However, they are struggling to secure bank loans. In the survey, 36% of businesses tried to raise funding in the second quarter, with an increase from 28% in the first quarter. Only 32% were able to secure financing from a bank loan in Q2 2019. This figure is down from 44% in the first quarter […]

When you are just starting out in business, it is inevitable that some considerable investment will be required for your profits to really take flight.  Or it may happen that you simply need a short term solution for some quick capital. A Merchant Cash Advance or (MCA) could be an alternative to consider, depending on your business. An MCA, however, is not a loan, it is defined as a cash advance that is based on the credit card sales of a business. One advantage of applying for an MCA is that the process is remarkably quick. You can have your […]