When is an MCA the Best Financing Option for My Business? Yes, sometimes an MCA can give you the perfect financial boost you need. A Merchant Cash Advance is a form of financing that moneylenders collateralized using a company’s yet to come sales. The product offers upfront funding in trade for a cut of the business’s total credit & debit card transactions or per-day bank payments until you fully pay out the advance. Unlike bank loans that feature interest rates and fixed per-month payments, MCA costs vary depending on a factor rate instead of an interest rate. Factor rates begin […]

The merchant cash advance business has exploded. Are you looking for business funding that can help you make significant headway? How can you and your business benefit from an MCA? Just read below to get help with all this. An MCA Can Strengthen Your Business An MCA, which isn’t a loan, allows you to leverage your future earnings so to access the necessary working capital conveniently. As soon as you receive your funds, you’ll start paying the amount back through a percentage of your daily credit card deposits that the lender will take. Since this is a sales transaction and […]

Are you a small business owner seeking out additional funding? A merchant cash advance or MCA can be of great benefit to your business. This is especially fine for those who need quick business financing with little hassle. This article will tell you more about an MCA and where you can obtain it easily. How a Merchant Cash Advance Helps You Did you know that a merchant cash advance or MCA isn’t a loan? It’s just a sale. An MCA has become one of the most popular options of business funding for small business owners who’re in need of fast […]

Are you planning to take out a business loan or merchant cash advance (MCA)? What’s the best type of merchant funding for business owners who lack the necessary cash on hand? This article is here to help you with this. Merchant Funding to Grow Your Business In the modern world of business, you can’t grow your business if you lack the necessary capital, especially if you’re an eCommerce business. Working with a reputable business funding provider like First American Merchant, which has an A+ rating with the Better Business Bureau, you can make your life easier. FAM, goes above and […]

Today business owners want almost instant funding and loans they can get hands on without having to go through several thorough checks (credit performance in particular) and complicated underwriting procedures. New-age merchants also like to borrow from alternative lenders who best understand their needs and allow them to settle loans without putting a strain on their finances. Furthermore, the online shift is changing the borrower’s expectations by the day, and it so happens that most alternative lenders can have you apply, scrutinize you and offer you funding over the internet. Merchant Cash Advances Perhaps that explains why more and more […]

Of the 28 million small businesses operating across the United States, 39 percent are owned by women, according to the Score’s The Megaphone of Main Street: Women’s Entrepreneurship, Spring 2018 report. Though the number of women-owned businesses continues to rise, only 25% of women seek financing for their businesses. The truth is that most new entrepreneurs have trouble getting banks to lend them money. But, women find it even more difficult to seek and obtain financing. If a woman has bad credit, as well, she can expect her lending options to become even more scarce. To keep business’ running and […]

If you’re a small business owner, you know what it’s like to be short on cash. Seasonal slumps, plans for expansion, and hiring new staff all require money. Covering day-to-day costs like payroll also require positive cash flow. If your business is a startup, you will really need a steady flow of capital to keep your new venture running smoothly and to seize new opportunities when they come your way. It can be really frustrating to find cash as a small business. Traditional lenders typically shy away from small businesses, preferring to work with bigger businesses. If you are a […]

Today business owners favor Merchant cash advances over standard loans. Undoubtedly, that’s enough reason to shed light on why this funding alternative is gaining popularity over the most popular financing products that small business owners have relied on for decades. What is an MCA? Most business owners mistake a merchant cash advance for a high-interest advance or a short-term loan. But in reality, it is a sale. Contemporary lenders like FAM buy your upcoming sales at a discount. The borrower and lender settle on the amount of sales being purchased and at what discount. You can access MCAs without having […]

Are you a veteran running a small business? Do you need to get working capital like a merchant cash advance (MCA) for your business to build a profitable company? What are your choices for loan alternatives and small business funding for veterans? Just read below to find them. Small Business Loan Options for Veterans: Merchant Cash Advance Here’re several small business funding options that you, as a veteran, can obtain so to grow your business successfully: SBA (Small Business Administration) VA (Veterans Advantage) Loans Veterans can apply for a VA loan from the Small Business Administration. Thanks to the Veterans […]

Retailers continue to send MCA applications amid the increase in the potential dangers of using Merchant cash advances as an aid to get through cash flow crises or obtain extra finances for any other reason. So what are the red flags a micro-business owner should watch out for when in search of MCAs? 1-You could end up with a triple-digit APR Some of the merchant cash advance offers in the market have triple-digit annual percentage rates. It is the total cost of borrowing per year plus all related fees and interest, typically ranging from 40% to 350% but varies depending […]