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What Are Cash Advances? Should You Get One?

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 […]

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Why Business Loans are Difficult to Get

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 […]

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Best practices to strengthen online payment security for your business

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 […]

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Master the New Funding Rules for Small and Medium Scale Businesses

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 […]

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A Quick Guide on How to Manage your Cash Flow

Cash flow in your business is very important to inspire the growth and profitability of your business. How you manage cash flow will determine your day-to-day business progress. Poor cash flow management may be detrimental to your enterprise. You may be unable to pay staff, restock supplies or even meet business expenses on time. We have researched four efficient ways to manage your cash flow better so that your business can grow and be more profitable. Escape the year-one Obstacles Most new business owners in nearly all industries identify cash flow as a leading obstacle to growth and success. Keeping […]

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5 of the Most Profitable Businesses to Start in 2022

What is a good business to start in 2022? Let’s discuss the most profitable businesses that you should consider starting in 2022. Also, you’ll learn where you can obtain reliable and affordable business funding solutions, such as a merchant cash advance.  What Businesses to Start in 2022 Are you interested in starting a business in 2022? There is more than one business to consider in 2022. They’re easy to launch and can help you earn revenue. So, here they are: 1. Online Shop eCommerce is on the rise worldwide, so selling products online is one of the best ideas to […]

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4 Steps to Refinance a Business Loan

There are several reasons why you might want to refinance your business loan, including saving money on interest, having better options for repayment, and consolidating your debt. The whole process of refinancing a business loan can be quite overwhelming as there are many factors to consider, including your credit history, credit score, and the amount you want to borrow. Here are 4 steps you can follow to complete loan refinance successfully: Tips to Refinance a Business Loan 1. Check how much you have in debt and other factors First, you need to check how much debt you have. You should […]

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Need Access To Capital Now? Consider a Merchant Cash Advance

One of the most common reasons that businesses fail is the lack of cash flow. In fact, a survey conducted by U.S. banks has discovered that as much as 82% of small businesses fail due to cash flow problems.  Cash flow problems occur when your monthly expenses surpass the amount of cash you have on hand. This could be attributed to slower sales or customers defaulting on their payments. Poor cash flow can put a serious halt to your business as you won’t be able to run your daily operations or even invest in the growth of your business.  If […]

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The Best Places to start a business in 2022

You feel it’s the right time to start a business, yet you find it hard to decide where to locate the business. As an entrepreneur, you will need a  place that inspires you and gives you space to grow over time.  When you finally get your idea, identify your capital financing option, and formulate a dedicated business plan, opportunities and places to start the business are limitless. We will look at three easy places to start any business. At home Starting a business at home is much easier today than in the past years. Globalization and technology have tremendously improved […]

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Top Signs Your Small Business Needs a Merchant Cash Advance

Struggling with cash flow? You’re not alone. According to a survey from U.S. Bank, 82% of small businesses fail because of cash flow problems. Year after year, small business owners admit that cash flow is one of their tops – if not number one – challenges.  Maintaining cash flow is difficult when business is good, when the unexpected happens, it can feel nearly impossible. One of the most popular solutions for cash flow issues today is a merchant cash advance. If you’re unfamiliar, the following information will give you a glimpse of how this financing tool works, as well as […]

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