The moment you decide to go out and seek funding for your business is a significant milestone in your entrepreneurial journey.  It’s easy to get caught up in the excitement of starting a new venture, but it’s crucial that you take the time to consider how seeking funding will help or hurt you.  You want to ensure that your business has the best chance at success, so you must weigh all of your options and make an informed decision about what kind of funding is right for your company. When is the Right Time to Seek Business Funding 1. Your […]

Businesses are going through a lot of changes right now. They have to deal with the realities of the recession, which means they have to cut back on spending and make tough decisions about how they plan to operate.  Here are five financing tips to help you survive a recession: 5 Financing Strategies to Survive a Recession 1. Use part of the funding you acquire to fuel growth When times are tough, it’s crucial that you don’t let your business become stagnant. Use part of the funding you acquire to fuel growth in new areas or expand your current offerings. […]

Your business can’t function properly without payment processing. But small business payment processing is often associated with stress. How can you reduce this stress? Who can help you with proper merchant services? Staying Away from Payment Processing Stress Payment processing allows you to complete credit and debit card transactions. The payment processing company bridges your business with customers, card networks, and banks.  As a result, you enjoy the validity and smoothness of transactions.   The bad news is that payment processing can cause stress. How can you find the right payment processing services for your small business? What about reducing the […]

Whether you’re opening up your first restaurant or wish to update your current dining area,  it can be challenging to access the funding to do so in time to hit your launch date. Luckily, there are plenty of financing options available to you.  Here are four financing alternatives to consider when looking to upgrade your restaurant. 4 Loans to Improve Your Restuarant 1. Working capital loans If you’re ready to open your restaurant, but need a little extra money for fixtures or inventory, a working capital loan might be right for you. Working capital loans are low-interest loans for small […]

Merchant Cash Advance(MCA) is a term used to describe a type of loan that allows you to use your cash flow to make purchases for your business.  These are small-dollar loans, typically with an interest rate between 15% and 24%. You can take out as little as $5,000, but some providers give out much larger amounts. How Do Merchant Cash Advances work? This type of loan works similarly to a credit card advance, but instead of using your credit card balance as collateral, you use the current value of your daily/weekly sales as collateral. Merchant cash advances are typically paid […]

It might come as a shock to hear, but most business owners who get a merchant cash advance often don’t use the internet to secure one. In fact, they might not even be actively seeking one out. A smiling salesperson walks through their doors and shares information on the product and its benefits.  The pitch usually involves a friendly approach of the broker saying they’re there to help the business get some cash with flexible terms. They are able to quickly break down the ins and outs of how the advances and weekly repayments will work. For many businesses, the […]

Your small business should be able to monitor its cash flow. This is the lifeblood of any business; without it, you’ll never know how much revenue is coming in and what resources you are spending. The good news is that cash flow management isn’t hard to do if you have the right systems in place. Here are some tips for getting started: 4 Ways to Improve Cash Flow Management 1. Draft a reasonable budget.  You may need to create a short-term and long-term budget for your company. A short-term budget will help you determine whether or not you have enough […]

Cash flow and payment processing. Without a doubt, the biggest issues on every business owner’s mind at any point in their journey are cash flow and payment processing. Without payment processing, merchants are unable to process cashless payments, which quickly affects their bottom line and the overall customer experience. Of course, changes and processes take time – time many merchants simply don’t have. When they find themselves in this spot, many business owners consider an instant merchant account. While there really is no such thing as “instant approval”, there are definitely providers that are faster than others. With their services, […]

If you’ve recently started diving into the world of alternative lending, you likely have a lot of questions. What is an alternative lender, and why do so many entrepreneurs turn to them?  Alternative lenders provide great business funding options for those who struggle to secure financing elsewhere or find themselves in a unique situation. With so many alternative lenders offering better products and greater flexibility, it’s no surprise more and more business owners are choosing these lenders. All in all, they have completely transformed the way business owners access financing and the expectations surrounding the whole process. Here are some […]

The Covid-19 pandemic created a host of new challenges for businesses of all sizes. One of the most pressing issues facing businesses is how to access the liquidity they need to keep operating.  Merchant lending can provide an important source of financing for businesses in this time of crisis. This blog post will explore how merchant lending can help your business recover from Covid-19. We will also discuss some of the key benefits of merchant lending and how to get started. Alternative financing sources Small companies are increasingly resorting to merchant funding for commercial reasons and use. Following the 2008 […]