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 […]

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 […]

What if you can’t get access to a traditional loan or are looking for an alternative source of business funding? The reasons can be different. One of them has to do with the high risk nature of businesses. Thankfully, there are alternative options like merchant cash advances (MCAs) that you can apply for.  Merchant Cash Advances or Business Cash Advances A merchant cash advance is also called a business cash advance or cash advance. MCAs appeared during the 1990s, and businesses in the space were the first companies in the field of alternative financing. Did you know that an MCA […]

There are so many reasons you might find yourself here: looking for an alternative source of funding. Rapid growth, expanding to a new location, cash flow gaps, equipment needs and unexpected expenses are just a few common reasons why business owners turn to third-party financing. To complicate matters, many businesses find that traditional lenders simply won’t work with them. Credit history, lack of collateral, and limited time in business are issues that often cause them to be turned down. In this situation – and with ever-growing capital needs – many owners turn to alternative lenders. What is a Merchant Cash […]

Reputation is king. Yet Merchant Cash Advances can be confusing for many small retailers and merchants. Public opinion is torn between their business-saving and bottom-line threatening capabilities. But come to think of it; this two-sided nature is a characteristic of all loan products. So the loan type isn’t always the problem; many other factors determine whether you benefit or plunge into bad debt. The cash advance product, however, has remained a sticking point for many reasons. It has a confusing reputation The cash advance model is still unclear for many merchants It uses factor rates instead of interests Can be […]

Working capital can make or break your business. After all, you need to manage inventories, take your business to the next level, and so on. A merchant cash advance (MCA) has become an extremely popular type of business financing among merchants in recent years and plays a special role in crashed economies. This article is about MCAs and the perks they offer. Merchant Cash Advance & Its Benefits MCAs are the preferred business financing option for many merchants. Be aware that an MCA isn’t a loan: it’s a sale. You just get upfront money in exchange for the sales you’re […]

Your Business Cash Flow Contrary to what many business owners assume, a merchant cash advance is not a loan. Essentially, this financing options allows you to secure immediate cash in exchange for your business’ future credit card sales receipts. You are selling the revenue of your future credit card sales to secure an immediate payment for your business working capital needs. Many seasonal businesses and those that experience cyclical sales turn to merchant cash advances. Business types and industries that are considered high risk also turn to this financing option; merchant cash advances are often offered by high risk specialists […]

Business Interruption and COVID-19 With stores shutting down to control spread and stocks plummeting at alarming rates, it’s hard to ignore the economic repercussions of COVID-19. No wonder on March 2, 2020, the Federal Reserve announced a 50 basis-points reduction in Federal Funds interest rates—the largest rate-cut it has made since 2008. The recent decrease places interest rates somewhere between 1.0 percent and 1.25 percent. But while that desperate move may try to hold the fort for America’s economy amid the Coronavirus crisis, citizens and businesses are still victims in many ways. “A broken Supply Chain.” Q1 of 2020 has […]

Your business is not broke, neither are you! The problem for many merchants is that the need for money is often out of sync with the availability of funds. And that could happen for a couple of reasons— even your own mistakes. But no one is perfect (except in CVs and Resumes, where almost everyone shines). Such hiccups happens even to the most careful business owners. The difference, often, is that while one retailer is prepared to act fast and thoughtfully, others don’t even know where to start. A Merchant cash advance is so far the best way to weather […]

Access the Business Funding you need There has been a surge of small business loan options like never before. Online applications and the technology that support them have facilitated and streamlined the process, making it easier to investigate your options and applying for a loan. The best online lenders in the industry approach small business lending entirely different from a traditional bank or credit union. By utilizing today’s innovative technology and evaluating features that make a healthy business, lenders are equipped to make credit decisions instantly and provide much-needed capital for businesses. This is done in a matter of days […]