Covid-19 relief loans for the healthcare industry provide much-needed alleviation. On the evening of March 25, the Senate voted to approve a COVID-19 Relief package in the amount of $2 trillion to assist millions of struggling Americans and businesses greatly impacted by the disruption of the pandemic.   This relief package is known as the CARES Act (Coronavirus Aid, Relief and Economic Security Act) and is to provide assistance for people, businesses, as well as the healthcare industry.  The provisions for the healthcare industry include a relief of $100 billion for hospitals at the forefront of battling the pandemic. These funds […]

If you’re labeled as a high risk merchant, you can still explore high risk business lending solutions for your company. Today, there’s a myriad of alternative high risk business loan options that you can use to get the necessary financing for your high risk business. Let’s move forward to find out more. Where to Get a High Risk Business Loan Having easy access to the necessary funds is among the top issues any business owner can face. This is especially true of merchants tabbed as high risk. High-risk business financing options such as merchant cash advances (MCAs) are a great […]

What setbacks do a business listed as ‘high-risk’ face? In truth, the downsides of being categorized as a high-risk company are numerous. But it is not always your mistake— the authorities consider these sectors as risky because of the nature of activities or products they handle. But these merchants, like their low-risk counterparts, are just business owners looking to venture into a niche they find unexploited and make profits out of their efforts. Among the growing pains of a high-risk entity is payment processing because processors are unwilling to onboard these merchants. Payment processors would rather stay away from these […]

After the devastating financial crisis of 2008, you would think the financial industry had learned its lesson. However, just a decade after reckless home lending habits nearly destroyed the financial system, risky loans are back in full force. This time, banks are not the ones to blame. In the years following the recession, a growing network of businesses stepped in to provide alternative loan options to the parts of the economy banks had quickly abandoned. This is known as “shadow banking”. With banks unwilling to lend, it made it incredibly difficult – and still does – for many individuals and […]

Above all other goals, every entrepreneur wants to stay competitive— because if you ran out of business then you’re as good as “back to square to square one.” Staying competitive involves knowing the risks that today businesses face; things that could ruin your bottom line. If your business isn’t ready to keep up with new trends and address the growing pains in your sector then you are bound to lag behind and lose customers to you fast-moving counterparts. The move towards a customer-centric way of conducting business has increased the risk of failure among merchants. Customers now want a more […]

For many businesses, a bank loan is not an option. For others, it also not their best option. More and more business owners are turning to high risk business loans like a merchant cash advance to access cash quickly, which also allows them to avoid restrictions on how they can spend their money. Here are six of the top ways business owners use a cash advance: Boost Cash Flow More than 42 percent of small businesses say that cash flow is their biggest challenge and their greatest need. Without sufficient cash flow, it will be difficult to cover day-to-day costs […]

You’ve recently found out that your business is considered “high-risk”. Suddenly, many doors that were open to you are closing. The task of running your small business just became even more challenging. But what does it really mean to be high-risk? And is there anything you can do about it? In some cases, being categorized as high risk is not the result of anything you have done. In other cases, it is. Some industries are simply riskier than others, which causes many banks and traditional lenders to turn you away. If your business is new, it can also place you […]

You need low cost, flexible funding options, don’t you? Well, what to do if your credit is far from being excellent? This article will show that obtaining a bad credit business loan or funding isn’t as frustrating as you may think. Also, you’ll know how you can get a high risk business loan with ease. Small Business Funding with Poor Credit Serving as a calling card for your business, your credit score shows you haven’t been an excellent “manager” of your finances. The truth is that 500 – 550 (FICO score) will definitely put some rocks on your way. However, […]

It’s “all smiles” for the business owner when cash flow is perfect, and cash reserves are enough to fix any unanticipated financial problems. But a time comes when you hit rock bottom and seeking funding is your only way out. And when you begin the quest, one thing that clearly dawns on you is that credit score is a primary determining factor of your company’s financial fate. Most loan providers assess credit performance as part of their underwriting process before they accept your funding request. Fortunately, the rapid changes in the micro-business funding space have brought more business loan alternatives […]

For many, owning their own businesses are the quintessential American Dream. Oftentimes, the best way to make your dream a reality is to market a skill that you are not only passionate about but that you have mastered. Whether its handcrafted jewelry or masonry, once you have decided what services you will offer and how they will value your customers, you need the business funding to get it off the ground. In here, lies the tricky part. Startups Have Much to Think About Where will you get the seed money? How you will keep enough cash on hand to handle […]