The current situation for small businesses amid the COVID-19 economic shutdown can be described as messy at best. Small business owners are scrambling to manage these unprecedented times and preserve their livelihoods. According to a nationally representative survey conducted by WalletHub, 87 percent of small business owners say they are struggling due to the coronavirus pandemic. The first round of the Paycheck Protection Program (PPP) funds ($349 billion) intended to help small businesses was gone in less than two weeks, claimed by around 1.6 million small business owners. While that sounds like an impressive amount, that number only accounts for […]

If you need additional working capital that can help you start your business and keep it running, expect to find more than one option. Since merchant loans and a merchant cash advance (MCA) come with several differences, this article will tell you about them in detail. As a result, you’ll figure out which option can best fill the gaps in your cash flow or serve for other purposes. Merchant Loans & Merchant Cash Advance (MCA) When shopping around, you’ll find a variety of loans available to business owners, including short and long-term loans, secured and unsecured loans, and lines of […]

Are you looking outside your company for additional working capital? Any business may need financing to improve cash-flow problems or for other purposes at some point in time. This article will help you draw a parallel between 2 popular types of business financing, a merchant cash advance and a loan. Merchant Cash Advance (MCA) First of all, remember that an MCA isn’t a loan. A merchant cash advance was originally called to serve as a lump sum payment that business owners could obtain in exchange for a set percentage of their future credit/debit card sales. One of the top advantages […]

The rise of alternative lenders has made it so much easier for small business owners like you to obtain the necessary working capital. This article is about merchant funding, specifically, a merchant cash advance (MCA) and where you can get it without challenges. Merchant Funding: Merchant Cash Advance (MCA) What’s the concept behind an MCA? It’s simple. The provider advances you funds that you’ll need to pay back over time based on your business sales. Importantly, an MCA isn’t a loan: it’s just a sale. Namely, you get an opportunity to effectively pre-sell your future debit/credit card sales at a […]

Dun & Bradstreet partnered with Pepperdine Graziadio Business School to investigate lending in the US. And the findings were that; more and more lending options are hitting the market for both small (below $5 million in revenue) and mid-sized firms ($5 – $100 million). The research, titled the Q2 Private Capital Access Index(PCA Index), found that 34 percent of respondents tried to raise funds in Q2, an uptick from first quarter’s 29 percent. Other findings from the PCA index showed that attempts to obtain a loan from traditional banks went down since Q1. Only 41 percent of companies agreed they […]

Completing a chiropractic course is difficult, but definitely not as challenging as deciding what to do once you’ve successfully taken the classes. Being a newbie to the career market, it can take you some time to master the art of developing a career off your new skills Here’s how to go about it; Be a sole practitioner or get an associate You can either act as a sole doc or partner with someone else. Working with an associate is a better way to start, more so if you’re looking to hone your skills first before going solo. Doctors from chiropractic […]

Running a successful trucking business can be a profitable adventure, but only if you operate in a way that gives you an edge over your competitors. Owning a thriving trucking business calls for more than being a good truck driver or knowing the routes to take. Below are the tips to complement your exceptional driving skills and turn your trucking business dream into a reality. Excellent targeting – focus on the right market Accurate targeting sets you on the road to success in any business, and not just in trucking. The audience you choose to serve will help you decide […]

When marketing your business, you should anticipate and acknowledge your customer’s needs even before they know what they really need. If done correctly, this impacts positively on your business progress and profits. Customers are usually deficient in determining what they want. Their inability to express their desires makes it hard for you as a marketer to really know what they need. You can get around this problem by asking the customers what they don’t want. An old notion has been going around for years that the best way to know what the customer wants is by asking them what they […]

Are you looking for access to working capital to finance your next big idea? How can you obtain merchant loans for startup without difficulty? What’s important to know about financing your own business? These are questions each business owner is interested in. So, just keep on reading to find the answers below. Financing Your Own Business Not all businesses have the same needs. So, there’s no one-size-fits-all approach to getting a financial solution for your company. You should take into account several things, such as the personal financial situation you’re in and what vision you have for your business. You […]

As micro-business loan interest rates skyrocket, access to business financing is increasingly limited for small companies— the sector that runs a large portion of the US economy. But a set of policymakers and protestors plan to limit access even more under the pretext of consumer protection. Interest rates hitting the roof means that the rates at which one bank lends reserve balances to another are increasing, raising the prices (for small companies) for obtaining businesses financing via bank-issued traditional loans. With the exponential rise in costs, consumers will be left with even fewer dollars to settle exorbitantly higher interest rates […]