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 […]

Small and medium business owners love merchant cash advances because of their fast and hassle-free disbursement. However, this is one of the cases of a deal too good; which is why you should think twice before you use this form of financing. MCAs are said to have triple-digit APRs or annual percentage rates that makes their total cost quite expensive.  These steep rates paired with their per-day settlement pattern are a recipe for cash-flow crisis. The worst MCA plans lead merchants into an endless debt cycle where the debt is literally unmanageable and they have no option but to refinance […]

MCAs offer SMEs a quick business financing alternative, something different than what veteran banking institutions offer. With cash advances, a funding company gives a retailer an amount, which they utilize for their business needs and settle with a predetermined percentage of their per-day sales. This new-age product is appropriate for micro-businesses that; Take credit card payments, cash, and check payments. It is NOT suitable for retailers who use invoices. Record high sales Are seeking instant financing Won’t be verified for bank funding How it Works MCAs offer finances to microbusinesses in trade for a portion (%) of the company’s daily […]

When you are just starting out in business, it is inevitable that some considerable investment will be required for your profits to really take flight.  Or it may happen that you simply need a short term solution for some quick capital. A Merchant Cash Advance or (MCA) could be an alternative to consider, depending on your business. An MCA, however, is not a loan, it is defined as a cash advance that is based on the credit card sales of a business. One advantage of applying for an MCA is that the process is remarkably quick. You can have your […]

If you’re a small business looking for a little extra financing, you may have considered a merchant cash advance (MCA) but aren’t sure if it’s right for you. An MCA is a lump sum of money given to a business in exchange for agreed-upon terms, including a percentage of future sales. It differs from a loan because it does not require collateral or fixed repayment terms. Read on for more information about merchant cash accounts. Advantages of a Merchant Cash Advance In the wake of the financial crisis of 2008, it has been harder for small businesses to get standard […]

Wheat farmers in the U.S. are now faced with low market values and tariffs. Are you interested in where you can get a business cash advance for your business? This article is about wheat farmers’ current challenges and reliable business funding options. U.S. Wheat Farmers: Get a Business Cash Advance This year, the U.S. farm economy is coping with some challenges like never before in recent years. These challenges are caused by trade problems, climate change, depressed commodity prices, as well as decreased immigrant labor. Net farm income has dropped to 50% since 2013, thus making up $70 billion from […]

Summer is so much about sun and fun. Summer is also a great time to spend productively for your business. This article will tell you about a number of productive ways you can use for your business. Also, it’ll help you with the right merchant cash advance in case you need business funding. Preparing for Summer & Getting a Merchant Cash Advance Although summer can turn into the downfall for your business, it can also be just the opposite if you’re well prepared to meet this wonderful time of the year. This slow and lean period can help you prepare […]

  Getting down to the nitty-gritty of funding a franchise business is important because it eventually determines the type of business you build. Furthermore, would-be franchisees often realize they have far more options than they’d imagined when they find that they can buy a resale business, secure a bigger region or even multiple regions. Knowing your funding options also gets you ready to inject the right amount of cash when opportunities knock and you need to grow your bottom line or face situations that need instant funds. SBA: African Americans Dig into Their Pockets to Fund Franchises Reports by the […]

Small businesses can fail for a variety of reasons, leading their business owner to have to file for bankruptcy. But what happens to your business if you have to file for personal bankruptcy? Will you be forced to close your business as a result? The answer is, it depends. It all depends on the structure of your business, how much debt and assets you have and whether you intend to continue operating your business. If you file for Chapter 7 personal bankruptcy, you might have to shut down your business. If you own an LLC or corporation, it might be […]

The Federal Trade Commission (FTC) has recently started investigating the merchant cash advances industry. The decision followed the FTC Commissioner Rohit Chopra’s call on eliminating deceptive small business funding practices. If you want to know more about the topic and discover a unique and exceptional merchant cash advance (MCA), you’re at the right place. FTC’s MCA Probe The diversification process taking place in the small business lending industry has resulted in additional disruptions in the space. These include both regulation and security concerns. Of course, the lending platforms available in the online marketplaces can’t be isolated from all these happening […]