Receiving the daunting feedback to tell you a business loan application has been denied is both scary and frustrating. Moreso, if you require the money to continue your business operations or start your business venture. Fortunately, some common factors may cause a merchant loan to be declined. Putting these factors into consideration strengthens your future applications and makes it easy for you to receive the loan amount you need. Poor Credit Score A credit score shows the lender your trustworthiness and specifies the risk level presented by your borrowing. Lenders will evaluate both your business and personal credit score when […]

The merchant cash advance industry is growing. The number of business owners choosing this type of funding solution over other financing options is on the rise. In fact, an MCA isn’t a loan: it’s a purchase of your future sales. If you want to learn more about MCAs and discover the right MCA provider in the U.S., stay on the page.  Merchant Cash Advance (MCA): What It Is and How It Works Thanks to an MCA, you receive financing based on your future credit card receipts. The MCA provider takes a portion of your future credit card sales on a […]

The Covid-19 pandemic created a host of new challenges for businesses of all sizes. One of the most pressing issues facing businesses is how to access the liquidity they need to keep operating.  Merchant lending can provide an important source of financing for businesses in this time of crisis. This blog post will explore how merchant lending can help your business recover from Covid-19. We will also discuss some of the key benefits of merchant lending and how to get started. Alternative financing sources Small companies are increasingly resorting to merchant funding for commercial reasons and use. Following the 2008 […]

As an alternative funding option, a merchant cash advance (MCA) is ideal for those who need quick access to working capital and lack good credit history. Let’s reveal more about MCAs and see who can best help you with a reliable and affordable cash advance.  Merchant Cash Advance: How It Works When applying for an MCA, you receive a lump-sum payment for a specific amount. To make repayments, you should give the MCA provider the right to participate in your business’s credit card sales.  The part that the MCA provider takes is known as the “holdback.” The latter’s amount gets […]

What Are Cash Advances? Should You Get One? The most attractive side of cash advances is that you can get them more quickly and easily as compared to other funding solutions. This article will help you decide whether you should apply for a cash advance or not when in need of extra working capital.  Cash Advances: What Are They? A cash advance is a short-term funding solution offered by your credit card issuer. You can receive it even if your credit isn’t excellent. The provider will charge you a cash advance fee that’s either a minimum flat rate or a […]

Getting a merchant loan is one thing, but getting the loan denied is devastating. Several factors keep you from getting a business loan, and bad credit is the major problem, though they are preventable.  Ways of boosting your credit score and enhancing your approval chances  If your credit history reveals that you cannot repay your debts, you will have difficulty obtaining a business loan. If you have recently filed for bankruptcy, you may find it hard to secure a company loan because you have no history of repaying bills. Your creditors will hesitate to offer you money when you file […]

Most businesses find it more valuable to set up online bill payment options to improve profitability and security in this time and age. This payment option is also convenient for distant clients to access and pay for your services. With the advancing nature of payment technologies and improvements in cyber security, online bill payments and online shopping are becoming safer to use. This article details a few practices in how online payments strengthen payment security in your business. Ensures PCI compliance PCI( Payment Card Industry) compliance is an important security protocol standard for processing online payments. This compliance provides data […]

The covid 19 pandemic changed the business environment, especially for small and medium scale merchants. Survival for most businesses depended solely on turning to e-commerce. However, finding lenders to facilitate this shift became a hurdle for many small businesses as traditional lenders opted to lend to big established companies. This article demonstrates new funding approaches that are changing the capital financing environment to give small business owners opportunities of growing their enterprises. Funding Approaches First is important to recognize the difference between funding and a loan. Generally, business loans require security to access and come with complicated conditions for the […]