A crisis like the one caused by COVD-19 puts businesses of almost any size and type into a difficult financial situation. If you can’t get approved for a state-backed funding option or need another financial source, look for alternative resources. If you’re interested in nontraditional business funds during COVID-19 recovery, you’re at the right place. Alternative Business Funds During COVID-19 Recovery Federally-backed funding options under the CARES Act give you access to additional working capital. However, they aren’t the best option for all businesses, and many merchants have had difficulty obtaining them. Let’s see what nontraditional solutions are available for […]

As the current coronavirus pandemic continues, businesses are finding themselves in a tighter and tighter position. Most have had to either shutdown for a period of time or completely alter their service and product delivery methods. Restaurants, salons, retail stores, gyms and many others have had to quickly adapt and find creative ways to still engage with their customers and meet their needs. These unprecedented times have not only impacted the way businesses operate, but also the way healthcare is delivered. The current crisis is so dramatically different from anything experienced that it has even put the medical field in […]

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 […]

Your Business Cash Flow Contrary to what many business owners assume, a merchant cash advance is not a loan. Essentially, this financing options allows you to secure immediate cash in exchange for your business’ future credit card sales receipts. You are selling the revenue of your future credit card sales to secure an immediate payment for your business working capital needs. Many seasonal businesses and those that experience cyclical sales turn to merchant cash advances. Business types and industries that are considered high risk also turn to this financing option; merchant cash advances are often offered by high risk specialists […]

Your business is not broke, neither are you! The problem for many merchants is that the need for money is often out of sync with the availability of funds. And that could happen for a couple of reasons— even your own mistakes. But no one is perfect (except in CVs and Resumes, where almost everyone shines). Such hiccups happens even to the most careful business owners. The difference, often, is that while one retailer is prepared to act fast and thoughtfully, others don’t even know where to start. A Merchant cash advance is so far the best way to weather […]

Access the Business Funding you need There has been a surge of small business loan options like never before. Online applications and the technology that support them have facilitated and streamlined the process, making it easier to investigate your options and applying for a loan. The best online lenders in the industry approach small business lending entirely different from a traditional bank or credit union. By utilizing today’s innovative technology and evaluating features that make a healthy business, lenders are equipped to make credit decisions instantly and provide much-needed capital for businesses. This is done in a matter of days […]

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 […]

As a rule, scammers target smaller businesses instead of larger ones. Small businesses don’t have as many resources to fight fraud as big ones. This article is about the common scams that you, as a small business owner, should avoid. Also, it’s about a reliable and cheap small business loan you need to grow your company. Small Business Loan & Scams Scammers are getting more and more sophisticated day by day. They’re getting better at finding ways to hack businesses. Theft, financial statement fraud, and misuse of assets… Let’s go through the common types of small business scams you should […]

Declined loan requests are one of the cases in business when expectations can lead to serious disappointments. After believing against all the odds, it can be heartbreaking when your loan application finally gets rejected. That’s why you need a plan B for when things turn sour. Therefore, as you toil to gather credentials and prepare your application process, always think about what happens if you fail— and plan for it. Borrowing with this kind of mentality and preparedness can help you pick up your pieces and act swiftly in the case of a denial. So what can you do if […]

Life happens, and sometimes you need emergency funding to tackle obstacles that may fall on your plate. The best option is to have money saved up for these rainy days, but that isn’t always possible. A situation where a machine that’s imperative to your business needs to be repaired or replaced can set you back hundreds, if not thousands, of dollars.  If your back is against the wall and you need emergency money fast, a merchant cash advance might be an option to look into. However, there are some important conditions to consider before opting for one. What Is a […]