High risk business loans are more challenging to obtain than traditional ones. The good news is that there’re exceptional alternative online lenders that can make things easier for you. This isn’t rocket science: let’s move forward to learn more together. Risky Businesses: High Risk Business Loans Every business, no matter new or established, may be in need of some working capital at some point, let alone emergency situations. E.g., small businesses have been hit by and economically harmed because of the coronavirus (COVID-19) outbreak. Of course, small businesses and nonprofit organizations can qualify for economic injury disaster loans in the […]

After the devastating financial crisis of 2008, you would think the financial industry had learned its lesson. However, just a decade after reckless home lending habits nearly destroyed the financial system, risky loans are back in full force. This time, banks are not the ones to blame. In the years following the recession, a growing network of businesses stepped in to provide alternative loan options to the parts of the economy banks had quickly abandoned. This is known as “shadow banking”. With banks unwilling to lend, it made it incredibly difficult – and still does – for many individuals and […]

For many businesses, a bank loan is not an option. For others, it also not their best option. More and more business owners are turning to high risk business loans like a merchant cash advance to access cash quickly, which also allows them to avoid restrictions on how they can spend their money. Here are six of the top ways business owners use a cash advance: Boost Cash Flow More than 42 percent of small businesses say that cash flow is their biggest challenge and their greatest need. Without sufficient cash flow, it will be difficult to cover day-to-day costs […]

Business owner optimism is the highest its been since 2004 US small business owners have never been so much away from pessimism over the 15 year in the history of the Wells Fargo/Gallup Small Business Index. What about you? Are you optimistic about your business? Do you need high risk business loans to avoid running into obstacles? This article will help you get easily funded and provide more info on the topic. Business Owner Optimism The Wells Fargo/Gallup Small Business Index survey is based on open-ended question that small business owners answer concerning their business. The quarterly survey held recently […]

The number of millennials considering themselves “entrepreneurial” is increasing all over the world. Millennials have the potential to alter everything in the workplace. So, hiring is a highly important aspect to focus on. This article will tell what millennial business owners need to know about hiring a great team. Also, you’d learn where to obtain high risk business loans easily so to grow your business. Tips to Hire a Great Team and Get High Risk Business Loans Millennials are on the fast track towards changing today’s workforce for the better. They’re more focused on work/life balance and like spending less […]

Knowing basic accounting terminology will help you efficiently manage your cash flow and make you aware of when you won’t have enough and will need to find it elsewhere. The problem is that small businesses are often by newer owners who don’t always realize they are in trouble until too late. Small businesses also face the challenges of not being very attractive to traditional lenders, like banks. They don’t want to take a risk on businesses, especially those in high-risk industries, because they have no collateral and nonexistent or poor credit. But, by knowing when you may be facing a […]

If you have been searching for small business loans, you have probably run across the term “high-risk business loans”. Confused? What is the difference between the two, and how do you know which one is right for your business? Small business loans are very hard to secure. Applying for one with a traditional lender will likely involve extensive documentation requirements, collateral, financials, and long wait periods. For many, it is hours spent compiling information only to find out after waiting weeks (or even months) that they have been denied. One of the biggest reasons a business is turned down by […]

High risk classification puts small business owners in a situation where it’s rather challenging to get approved for business funding, especially from traditional banks and financial institutions. High risk lending options feature long wait for approval, requirements of collateral that could be repossessed in the event of a default, and a detailed business plan that borrowers should submit. Thankfully, there are reputable alternative online lenders like firstamericanmerchant.com that offer alternatives to small business loans. These alternative funding options are flexible, fast, and have fewer requirements. High Risk Business Loan Alternative A merchant cash advance (MCA), which is surging in popularity […]

A merchant cash advance can be described as purchases of future credit card sales receivables or short-term business loans. The demand for merchant cash advances (MCAs) is growing with rapid advances. The MCA industry came into existence as one of the most important sources for non-bank loans for many small businesses. Today, you can find many online funders that offer cash advances to small businesses that wouldn’t have historically been approved for a business loan from a traditional bank. It’s important to note that the industry is largely unregulated, so you shouldn’t trust all the companies offering a merchant cash […]

A merchant cash advance (MCA) has been surging in popularity in recent years. However, the industry is relatively young and dates back to 1998. The MCA industry was a response to a decline in small business lending from traditional banks. MCA has gone from $0 to $10.7 billion in 2015, and is expected to account for $15.3 billion in 2017. Getting a Merchant Cash Advance (MCA) Merchant cash advance companies can advance you a certain amount of cash depending on the amount of your monthly revenue. You agree to pay back that advance and a fee by letting the MCA […]