Small businesses are always looking for ways to fund their operation. One of those ways is via a small business loan. The problem with going down this route is that the application and approval process tends to be more strenuous.  On the contrary, merchant cash advances (MCAs) are more straightforward and are faster to process. Let’s take a look at the main differences between MCAs and business loans.  How Do MCAs and Business Loans Differ? To be clear, MCAs are not business loans. When you apply and accept an MCA, you are essentially “selling” your future income earnings in exchange […]

As of 2021, there were 32.5 million small businesses in the U.S., which represented 99.9% of all the businesses in the country, according to the Small Business Association (SBA). Access to more capital can help you grow faster. How can you raise more capital for your small business? Seeking Funding for Your Small Business When looking for business funding, it’s essential to consider not only the cost and convenience but other factors as well. Specifically:  Figure out which financing solution best fits into your long-term goals, and choose the one that’s associated with minimum risks.  Take into account factors such […]

Long-term business loans are the preferred option for many. They enable the borrower to make the loan repayment over a longer period, but this results in higher amounts lost on interests. For how long can you get a small business? Repayment Terms for Small Business Loans  What’s the most usual answer to “how long can you get a business loan for”? Well, the majority of long-term business loans require borrowers to make payments during one – five years. With SBA, loan terms can be up to 25 years. Overall, there is more than one nuance associated with loan terms. Overall, […]

With proper cash flow management, you can better see what funds are coming into and out of your business. As a result, you can better organize your operations and reach greater success. There are several basic ways you can follow to start managing your money more wisely.  Cash Flow Management  This is the process of tracking how much money your business receives and gives out. With proper management, you can forecast how much money will flow to your company in the future. Besides, you can also figure out the amount necessary for covering your business needs and debt, such as […]

The year 2021 has transformed businesses across all industries. Are you looking for new opportunities and marketing strategies that can help you improve and expand your business? What about a secure and cheap small business loan? There is more than one way you can use, such as increasing your online presence, to become more successful in 2022. Growth Strategies for 2022 Here are several strategies you can follow this year to make your business more successful. These strategies can help you drive growth and navigate marketing challenges more easily. Grow the Online Presence of Your Business  Today, consumers prefer engaging […]

A referral program is a growth marketing tactic that allows businesses to apply a relatively hands-off approach to increase revenue. This program helps bring in leads, thus increasing your customer base. This article is about how you can create a referral program. Also, it tells you about a reputable provider of business funding in the U.S. Referral Program One of the growth marketing strategies, a referral program, allows you to encourage your existing customers so they’ll recommend your brand to their family and friends. This marketing tactic is also referred to as “word-of-mouth” marketing as it uses word of mouth […]

How can you keep your existing customers coming back to you? This is important as you won’t need to acquire new ones all the time.  There are measures you can apply to increase customers value and drive growth. How to Increase Customers Lifetime Value (CLV) Customer lifetime value shows the total worth a customer brings to a business over the whole period of his/her interaction with that business. Did you know you can measure the customer lifetime value? All you need is to multiply the average order total by the average number of purchases in a year and then multiply […]

There are so many reasons why a business might need to borrow money. From hiring new, top talent and purchasing new equipment to covering unexpected costs, the reasons can vary greatly. However, one thing is certain, you need a loan option that is right for your situation and business type. With so many options available today, knowing where to start and understanding what each means can be a daunting task. Qualification requirements, loan purpose, and desired terms must be taken into consideration. All of these factors can influence the type of business loan that is right for you.  Here are […]

Due to the changes brought about by the pandemic, online businesses have been thriving. Many stores were forced to take their products and services online. Others added delivery and curbside pickup options. Still, others launched solely online to meet unique pandemic-related needs – and this push to the digital space is showing no signs of slowing down. But these eCommerce merchants have needs of their own. Rapid growth demands cash and lots of it. Developing new services and products requires cash. Implementing new technology and tools and adding to your team uses capital as well. Thankfully, lenders are taking notice. […]

COVID-19 has forced entrepreneurs and business owners to drastic steps to stay afloat. Many merchants became fearful about what future their businesses might have. That’s where a reliable business loan steps in to help you overcome your financial challenges. Let’s discuss the topic further and discover a respected provider of a business loan.  COVID Affecting Business Owners  Business owners deal with inventory issues, customers, make growth plans, and manage cash flow. Now, COVID-19 has brought a devastating effect on the economy, and businesses are struggling to survive. They’re faced with the new dominant issue of inflation. According to the latest […]