According to recent data released by Experian nearly 1 in 3 consumers – or 30% of those included in the analysis – have a subprime score, but this population has shrunk by 12% since 2020. These individuals have an average of $4,592 in credit card debt, $19,106 in auto-debit, and 2.6 credit card accounts. And those with low scores between 300 and 600 are most likely to be denied access to lending. This struggle is often felt by those who are young, new, and on their own. However, due to the ups and downs felt across the globe over the […]

Cash flow and payment processing. Without a doubt, the biggest issues on every business owner’s mind at any point in their journey are cash flow and payment processing. Without payment processing, merchants are unable to process cashless payments, which quickly affects their bottom line and the overall customer experience. Of course, changes and processes take time – time many merchants simply don’t have. When they find themselves in this spot, many business owners consider an instant merchant account. While there really is no such thing as “instant approval”, there are definitely providers that are faster than others. With their services, […]

The automotive industry includes a variety of business types, from car dealerships and auto repair shops to towing services and parts retailers. As successful as these merchants are they still have certain aspects of their operations that they struggle with. One of the most challenging is securing a merchant account. What is a Merchant Account? A merchant account is a business bank account that allows businesses to safely accept funds in a variety of ways, including credit and debit cards. Without one, your business will be unable to accept these forms of payment, missing out on sales, growth, and customer […]

Long wait times, complicated contracts and services, and support that misses the mark; this is what many small business owners deal with when trying to secure financing. Banks can keep you waiting weeks or months to tell you that you’ve been denied funds in the end. The very next question is, where do I go from here? If you’re looking for funding, you’ll be glad to hear there are other ways to secure the funding you need. In fact, these alternatives often turn out to be better for many business owners. The following information should shed some light on why […]

Things have come a long way for aspiring women entrepreneurs in terms of business funding and financial freedom. Even so, there is still a significant gender gap that causes challenges for women hoping to launch their business ventures and fuel growth.  In fact, until 1988, women entrepreneurs were required to have a male co-signer to take out a business loan. Fast forward to today, 49 percent of all businesses in the U.S. are owned by women – yet women business owners account for just 27 percent of business loan applications as of 2020.  Women-owned businesses are also known to receive […]

If you’ve recently started diving into the world of alternative lending, you likely have a lot of questions. What is an alternative lender, and why do so many entrepreneurs turn to them?  Alternative lenders provide great business funding options for those who struggle to secure financing elsewhere or find themselves in a unique situation. With so many alternative lenders offering better products and greater flexibility, it’s no surprise more and more business owners are choosing these lenders. All in all, they have completely transformed the way business owners access financing and the expectations surrounding the whole process. Here are some […]

Within the business lending space, ISOs and agents work as an intermediary between business owners and the funding companies that provide capital directly to them. ISOs offer several different financing options, from short-term loans and merchant cash advances to lines of credit. ISOs have played a vital role in the growth of the small business lending industry, serving as the eyes and ears of funding companies. Our team has put together a guide intended to help ISOs secure the information they need to succeed: Strong Sales Methods for ISOs As with any venture, getting qualified leads is the first step […]