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 […]

The number of small business lending options continues to grow. Since the financial crisis of 2008, more and more alternative lenders have emerged, offering cash solutions to the countless small businesses that need capital. Banks, unwilling to work with smaller companies, have left them unable to start, grow and expand their businesses. Alternative providers, on the other hand, offer speed and flexibility. One of the most popular options is the merchant cash advance. What is a merchant cash advance? There are many reasons why small businesses are choosing this option. But first, lets take a closer look at what a […]

Financing doesn’t need to be problem when you run a startup or a small business. Forget about traditional loans and instead get a merchant cash advance without a business history or collateral. Whether you need to make an emergency purchase or you need to add some money to your marketing strategy, a merchant cash advance can supply you with the funds you need right away. Since a merchant cash advance is repaid with your future credit card sales, you don’t need to have any assets to put down as collateral. Also, those with less than stellar credit can still qualify […]

When a small startup has cash flow problems, it can be difficult financing. A lack of business history, collateral, and nonexistent business credit make it difficult for small businesses to get traditional loans. If a business is looking for a short-term financing fix to buy more inventory before a busy season, unroll a new product, or pay for an emergency equipment, it should consider a merchant cash advance. Advances offer quick access to funds, a simple approval process, and it doesn’t require collateral. A merchant cash advance is paid back with the business’ cash flow, so there is no need […]

Is your business struggling with bad credit? There are many ways bad credit can affect your business and your personal life. Find out the top ways bad credit can hurt your plans, and where to find quick access to funds to boost working capital. How Bad Credit Can Hurt You Personally Higher down payments – When you need to borrow money for a car or house, for example, it will more than likely require a down payment. If you suffer from bad credit, the required down payment will probably be higher (the bank will view you as a high credit […]