Receiving the daunting feedback to tell you a business loan application has been denied is both scary and frustrating. Moreso, if you require the money to continue your business operations or start your business venture. Fortunately, some common factors may cause a merchant loan to be declined. Putting these factors into consideration strengthens your future applications and makes it easy for you to receive the loan amount you need. Poor Credit Score A credit score shows the lender your trustworthiness and specifies the risk level presented by your borrowing. Lenders will evaluate both your business and personal credit score when […]

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 […]

One vibe the small business industry is getting from the race to 2020’s Presidency is that no one cares about them. Not a handful of the many names from the Democratic field have majored in entrepreneurship and small businesses. It is dreadful that core issues like the status of the economy and the small business industry, are far behind matters like gun regulation, social justice, immigration, climate change, healthcare, and foreign affairs. Only a few candidates are mentioning micro-business loans, despite the fact that access to merchant funding is central for the growth of small to mid-sized companies. Surprisingly, the […]

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 […]

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 […]

Growth comes with the need for financing. Do you need a loan, but your bank has rejected your application? What about a merchant loan? Where can you obtain a merchant cash advance easily and with the lowest rates possible? The answers appear in this post. Merchant Loans The financial crisis of the US in 2008 affected the availability of funding even to those borrowers who didn’t have any problems with eligibility. At those times, a merchant loan appeared as something different from traditional loans. It was an alternative to those who were hit by the crisis. Merchant loans can help […]

Women face a couple of challenges when it comes to operating their own businesses. Sometimes even getting a merchant loan (for women) is a struggle let alone getting the right sponsors to back you. But how do you rise above the setbacks of being a female entrepreneur year round? 1-Be the role model in your firm Be the bad boss and everyone will remember you for it; do not mismanage, mistrust or belittle staff based on gender when giving assignments. If you are privileged to be the woman leader at you company, be sure to make proper use of your […]

You already made some of your dreams come true by starting your business. Now, you are probably itching to keep the momentum going by taking steps to grow your business. You can begin expanding your empire with the right merchant loan and these four tips: 1.    Get on Social Media and Share Content that Matters For the most part, this is a no-brainer. But, this isn’t just about getting on social media and getting “likes” and a few “retweets.” Those are important, but it is much more vital to engage with customers and offer nuggets of information that are […]

Just like when seeking a merchant loan, credit experts strongly advise that you compare your options carefully before placing a finger on the business credit card to use for your company. Therefore, the best credit card for your small business depends on your business’s needs. The most common commercial credit card types are unsecured, secured course, and prepaid business credit cards. Discover the differences between these three card types below. 1-Unsecured Business Credit Card Unsecured credit cards like unsecured loans are issued by card providers, e.g., Visa, American Express, or MasterCard to offer retailers a collateral-free line of credit. Your […]

Making financing a part of your growth strategy is crucial. Where can you get an affordable and reliable merchant loan for your growth strategy? How can you plan your growth so to take your business off the ground? This article will tell you how. Building Growth Strategy: Need a Merchant Loan? When considering your business growth, you can’t do without a business financing strategy. This is how you can meet the financial challenges in the ever-evolving world of business. Such strategy can part of any growth efforts. Your growth strategy isn’t just about demonstrating how your revenue will grow. To […]