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 […]

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 […]

A merchant cash advance (MCA) is a type of alternative funding for your business. The question is whether it’s right for you or not. With an MCA, you can receive an upfront sum of cash in exchange for part of your future sales.  Merchant Cash Advance (MCA) An MCA has traditionally been meant for businesses that generate revenue mainly from credit/debit card sales. These businesses include restaurants, retail shops, and not only. Today, MCAs are also great for businesses that don’t merely rely on credit/debit card sales. The MCA provider will automatically deduct a percentage of your future sales until […]

A business cash advance enables borrowers to get financing against their future earnings. If you need fast financing and have poor credit, this is a go-for option for you. Let’s discover more about this type of financing and see where you can get a reliable cash advance.  Business Cash Advance for Bad Credit Merchants A business cash advance also called a merchant cash advance or MCA, allows merchants to get funds against their future sales. This type of financing doesn’t require you to provide collateral: it’s unsecured.  Businesses with bad credit or no credit at all, e.g., starters, can apply […]

You can’t take your business off the ground or move to new heights if you lack enough financing. How can you obtain a business loan fast? Thankfully, there are reliable providers of business funding so you won’t have to wait weeks for a bank to process your loan application. When You Need Access to a Business Loan Obtaining a business loan can sometimes prove to be a long and complex process. Let’s take SBA loans. Don’t expect to get them fast. Typically, they require you to wait a few months to go through. So, they can’t be the best solution […]

According to McKinsey & Company, the US e-Commerce penetration experienced 10 years’ worth of growth in a matter of 3 months, replacing physical channels along the way. And all of this occurred during the height of the Coronavirus pandemic.  More business owners are turning to online channels to sell their wares. In fact, Shopify has reported that the number of stores launched on their platform grew by 71% in the second quarter of 2020, compared to the first quarter.  The unfortunate reality is that many new businesses will fail. The main reason is the lack of money management. A recent […]

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 […]

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 […]

According to a study conducted by Ohio State University, 60% of restaurants fail within their first 3 years of operation. Within their first 5 years, 80% faltered and closed their doors.  There is no doubt that opening up and sustaining a new restaurant is not without a struggle.  With the latest adversary being COVID-19, many restaurants throughout the US were forced to shut down operations and close their doors, for some, permanently. Yelp reported that 15,770 restaurants closed in July of 2020.  Why Do Restaurants Falter? Restaurants typically subsist on meager profit margins. Based on an IBIS World Study, the […]

For many businesses, traditional loans are simply not an option. Startups lack the financial history lenders want to see. Some business owners do not have a strong credit score. Others find themselves in an industry bank considered “too risky” to work with. In other cases, a traditional loan is simply not the best option available. Whatever the reason may be, more and more business owners are turning to alternative financing options, like merchant cash advances. These financing solutions are known for being fast and flexible, providing funds when companies need them most. As cash advances have grown in popularity, the […]