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Your Business Credit Score Sucks. Here’s What To Do About It

Business credit scores, also known as commercial credit scores, are those used by lenders to determine whether you will be financially responsible enough to pay back a loan. Usually, these scores fall between 300 and 850, and they go up as you prove yourself as a dependable borrower. How Do Credit Agencies Determine Business Credit Scores? Business credit scores like personal FICO scores are determined by the three main credit reporting agencies, TransUnion, Equifax, and Experian. These companies collect data about all consumers and businesses in the United States.  The information these agencies gather includes public records, court filings, liens, […]

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Types of cash advance loans you should know

Savvy small businesses in need of cash understand the significance of speedy and convenient funding from alternative lenders. Most SMBs don’t stand a chance with standard business loans. Traditional sources like banks not only do a credit pull, they also subject you to burdensome application procedures and long processing times. So most applicants would rather turn to hassle-free alternatives like a cash advance loan. Cash Advance Loans: What Are They? These are short-term loans that can get you money in your account within 24 hours. They’re an attractive option for people who need fast cash and don’t want to get […]

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What are High-Risk Merchant Accounts

As trade turns virtual, most entrepreneurs realize that their businesses are unable to enjoy normal transactions like other regular merchants. While other businesses qualify for low-risk accounts, you may find most banks classifying your services/products as high-risk. Business owners fear this classification because it comes with its set of difficulties. Besides increased fees and transaction caps, high-risks are also prone to account terminations, for one reason or another. That being said, let’s get into the nitty-gritty of high-risk transactions to prepare your risky business for success. What is a High-Risk Transaction? It is a transaction that is most likely to […]

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How to avoid business financing that seems too good to be true

Alternative funding can be the safety net for a business in a tight spot, but it can also be the worst bane of your existence–and the beginning of a debt cycle. A Merchant Cash Advance is common among phony alternative lenders looking to rip off needy small business owners.  Unlike traditional loans, these products feature painless applications and instant funding (in as soon as 24 hours). It’s no wonder most entrepreneurs rush to accept these offers even before reading the fine print. What’s a Merchant Cash Advance? A merchant cash advance is a short-term loan that allows businesses to access […]

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Can I Ask Employees About Their COVID-19 Vaccination Status?

One of the biggest challenges for employers regarding COVID-19 is keeping track of which employees have been vaccinated. Asking workers about their COVID-19 vaccination status is a smart thing to do. It’s also something that you probably don’t feel comfortable asking.  And for a good reason; health-related information is a sensitive matter. Furthermore, laws in the United States prohibit discrimination against employees based on their vaccination status. While there are no regulations burring you from asking them about their vaccination status, the best practice would be to comply with existing regulations on employee health data. Here are some common questions […]

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3 Ways Business Owners are Using Their Credit Score to Scale

Unpredictable events, changing consumer trends and unexpected costs. It’s safe to say business owners today have a long list of challenges stacked against them. With few business financing options available, many companies are turning to alternative cash solutions like the merchant cash advance. What is a Merchant Cash Advance? If you’re unfamiliar with this financing tool, a merchant cash advance (MCA) provides businesses with quick cash – much faster than a traditional lender is able. An MCA provides your company with a lump sum of cash in exchange for a portion of future credit and debit card sales. The repayment […]

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Merchant Cash Advance: Fast, Flexible Small Business Funding Option

What does every small business owner in the U.S. have in common right now? Recovery. A need for a smooth recovery and future growth. There are currently 31.7 million small businesses in the U.S., and they have all been affected by these unprecedented times brought on by the pandemic.  As the economy bounces back and the country transitions out of the pandemic, the need for access to fast capital for recovery and growth will continue to increase. However, many small businesses are not sure where to turn. The federal relief from the Paycheck Protection Program (PPP) ended on May 31 […]

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3 Payroll Loans that Help Businesses Pay Their Team On Time, Every Time

Some business expenses are “extra”, small or easily cut out when things get tight – but payroll isn’t one of them. Payroll is one of the most consistent costs your business will have. Whether they work for you on a contract, part-time, or full-time, your team expects to be paid on time, every time.  Of course, slow seasons come and – as witnessed over this past year – markets can take a downward turn without warning. The next big question is how are you going to pay those essential expenses on time, keep things running smoothly and maintain productivity? One […]

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4 Strategies to Get Your Business Back on Track Post Covid-19

It’s safe to say the past two years have been a continuous cycle of trying to adapt and overcome, especially for small business owners. New restrictions were rolled out in rapid succession, consumers shifted their purchasing habits and employees’ workplace arrangements changed. People got used to this “new normal” as smoothly as they could to keep moving forward. Unfortunately, many businesses were negatively impacted by the pandemic. The biggest challenge of all was their lack of preparedness. Most companies were simply not in the strong position necessary to handle overnight change and are still struggling with the effects.  Moving forward […]

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Merchant Cash Advance: Everything Your Small Business Needs to Know

Unpredictable events, changing consumer trends and unexpected costs. It’s safe to say business owners today have a long list of challenges stacked against them. With few business financing options available, many companies are turning to alternative cash solutions like the merchant cash advance. What is a Merchant Cash Advance? If you’re unfamiliar with this financing tool, a merchant cash advance (MCA) provides businesses with quick cash – much faster than a traditional lender is able. An MCA provides your company with a lump sum of cash in exchange for a portion of future credit and debit card sales. The repayment […]

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