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3 Small Business Loan Rates You Should Be Aware of as a Business Owner

When it comes to looking for the best small business loans, few of the important queries people ask about include the small business loan rates, the term of repayment and amount of money provided. However what many businesses fail to question is about the additional fees, costs, and penalties. These can take a big chunk out of your funds, so you have to ask about the rates on the loans you avail without fail. Here is a closer look at three main business loan rates:


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Rate of interest

This is the rate you pay to a lender in addition to the amount borrowed, which is the principal. The interest is charged to enable the lender to profit from the transaction. If you pose a high risk, the small business loan rates demanded will be higher. The interest is calculated as simple or compound interest.


Simple interest:
This is a direct estimate that uses three factors namely the borrowed amount, annual interest rate and repayment term.


Compound interest:
This is a complex calculation that arrives at the rate based on the payments done monthly. The interest is based on initial principal and accumulated interest during previous loan periods or deposits, or in other words, you pay interest on interest.


Whichever type of calculation is done, the interest rate is a percentage of the amount borrowed which you are paying to the lender.


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APR (Annual Percentage Rate)

This is a comprehensive estimate of the amount you have to pay over the loan amount you have borrowed. In other words, this includes the rate of interest, costs and other fees associated with the loan.  It is mandatory for lenders to reveal their APRs along with the interest rates, so business owners and consumers can compare the small business loan rates between lenders and choose the best one.


Although the APR value is very helpful when you look for a loan, you have to consider the interest rate also. Even if APRs include interest rates, it will be more helpful, if you can divide the loan cost into a single time fee paid upfront and your recurring payments. Seeing these two entities will help you arrive at a better and informed decision regarding your business funding.


Factor Rate

These are small business loan rates, which use a different type of calculation. These apply specifically for merchant cash advances and for a few loans of short term.

Published inPBC Blog

Obtaining Fast Loan Approval through Merchant Cash Advance Loans

When it comes to obtaining a fast loan approval, you cannot wait for a traditional bank loan to cover the costs of your business. They are not usually fast with the process. They require a lot of information for the application, then you have to send in many documents and will not provide an answer for close to a month on whether or not you’re approved.


This is not going to work with a lot of the businesses out there that need funding immediately, not later on down the road. They need someone that is able to provide the right help when it is needed.


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Merchant Cash Advance Loans are There When You Need Them


When it comes to Merchant Cash Advance (MCA) loans, you know they’re there when you need them. The process is streamlined, so you can always make sure to have an answer to the loan you request within 24 hours. They do not use your credit score as a determining factor on whether or not you qualify for the loan. They use it to figure out how much interest the loan will have.


You can choose from the lenders that are able to work with you and provide you funding through a  merchant cash advance. If you work well with them, they can keep providing you with the loans you need and even reduce the amount of interest you pay on each of them. This creates a relationship with someone that is able to invest in the company that you have.


Those companies that have only been in business for 6 months usually do not have a good chance at getting a loan from a traditional bank, especially one with fast loan approval. This is why the merchant cash advances are there to help. As long as you receive regular income and have been in business for at least 6 months, you are able to get the loan you need.


The best part? It is not the fact that you get fast loan approval. They take the payments for the loan right out of the payments made to your business through debit or credit cards. This means that you do not have to remember to send in payments to the lender. It will also be paid off faster with each and every purchase made with your company.


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Merchant Cash Advance: your Source of Quick Business Finance


This is a great way to go about getting the business funding you need. Since they give fast loan approval, you never have to sit around wondering how you’re going to cover those business expenses. They are going to walk you through the entire process that takes just minutes. From there, you’re easily able to cash out and know you have someone on your side.


Check out the merchant cash advance loans today to find out more regarding the fast loan approval that you’re able to get in the end. You will be surprised at just how fast they can provide you with your business funding needed right over the internet.

Published inPBC Blog

Need Online Loans No Credit Check Require Merchant Cash Advance is The Right Place

When it comes to finding online loans no credit check, there are only a few places you’re able to look. Not only are traditional banks making it harder for businesses to cash out on the cash they need, but they’re making it so that those that have not been in business long enough or that have less than a perfect credit history are not even considered. This is where alternative funding comes into play for many of the businesses. Merchant Cash Advance (MCA) loans are becoming one of the most popular business funding options.


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Here’s Why…

When it comes to merchant cash advance loans, they are much faster and more efficient than traditional bank loans. There is no waiting around to find out if you’re accepted for the loan amount. They provide you with the loan and you can then cash out and cover your business overhead costs.


Another reason to go with this type of loan is the fact that it is provided without a credit check. Never will you have to worry about not being able to qualify when you have less than perfect credit. This loan only uses the credit information for the amount that you pay back, as well as the interest rate. This means that just about everyone is accepted for the MCA loans, you just have to have been in business for six months or more and have regular business income coming through.


With online loans no credit check, you can feel much more confident being able to work with a broker and a lender that are both there to help you. They want your business to succeed, so they provide these loans to help you through it. Everyone needs help every now and again and now you’re able to get it.


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Just Four Steps Get You the Loan You Need


With the online loans no credit check, they only take four steps to provide the business loan. So if you feel like you don’t have enough time to go through a long process, these are going to ensure that you don’t have to go through too much in order to get the money you need to keep your business running like it should be ran.


You can cash out on the benefits that are out there, make sure you get as much as you need and feel more confident and comfortable in the end. Why would you use a traditional bank instead of the online loans no credit check?


If you’re ready to check out the MCA loans out there and know that you can be approved in just minutes, then now is your chance to do so. Easily apply for the loans and make sure you’re covered in the end. They know that this is a busy world that we live in and the process to obtain the cash funding shouldn’t be as difficult as possible. It should be an easy, streamlined process and that is exactly what an MCA loan is.

Published inPBC Blog

Merchant Cash Advance Obtain Quick Fast Loans in Minutes

When you’re searching for a way to obtain quick fast loans in minutes, then you have to check out MCA loans. These loans provide not only the cash advance that is needed, but they’re also fast. You can have the loan amount right in your account in as little as 48 hours from start to finish. This is something you cannot get from just any loan company out there. Make sure to put your best foot forward when the time comes.


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Get Your Cash Advance Quick and Easy


Through the use of the cash advances through MCA brokers, every business has the opportunity to get the loan that they need. Unlike traditional bank loans, MCA loans provide the necessary help that is needed without making the business wait for months. You need this funding to cover the costs of running a business and you’re unable to get it when it comes to waiting for a bank to even approve you.


What does an MCA loan have that a traditional bank loan cannot provide you with?


This is a common question that so many ask because they want to know that they’re making the right decision on the loan that they’re going with.


The answer is quite simple. You’re able to obtain these benefits that traditional bank loans are unable to provide when you sign up for them…


1.    They provide the loan amount to you in as little as a week. There are no long wait times and you will know if you’re approved or not, with all of your options, in 24 hours or less.

2.    Everyone qualifies if you have a business that has been open for 6 months or more, have a steady income on a daily basis and are able to provide paperwork on this.

3.    You work with your own broker and lender to create the perfect loan plan that works with you.

4.    These quick fast loans are secured through the use of the payments made to your business account through debit and credit transactions.

5.    You can keep borrowing every time one loan is paid off and you need another, easily and efficiently.

6.    Your credit score does not determine whether or not you’re able to obtain the loan. It is only an indicator of how much interest you’re going to have to pay on the amount that you borrow from the lender.


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Everyone has the chance to cash out on the quick fast loans that they’re in need of. You never have to wait for a bank to tell you that you’re approved. Every business is currently talking about MCA loans that have everything they could have ever wanted and more.


What are you waiting for?


These MCA loans are the quick fast loans that you want to use for your business. Don't apply at a traditional bank and then wait around for some sort of confirmation that might take weeks to come. They’re busy, but you can be well on your way to financial freedom with the use of an MCA loan that has your back.

Published inPBC Blog

Instant Approval Loans Need Cash Today MCA Helping Businesses Urgently

When cash is needed right away, going to a traditional bank is not going to help you. Not only are they extremely picky about who they work with, but they take a while to even accept the application and approve you for funds. Once this is done, it is an even longer wait to get the funds. Businesses that need money fast are not going to benefit from using traditional bank loans.


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Different Ways to Obtain Fast Cash Online in 2017

Instant approval loans need cash today are found with Merchant Cash Advance (MCA) loans only. This alternative business funding is provided to businesses that have been in business for 6 or more months and have steady streams of income generated on a daily basis with their business. The wait time? Only up to a week from start to finish, funds in hand.


Sounds too good to be true?


Many people think this until they try MCA loans for themselves and see just how easy it can be to get the instant approval loans need cash today through the broker that works with them. Multiple lenders are able to work with you on the amount that you need, so you can rest assured knowing that everything is covered when it needs to be.


MCA loans are a trusted source of instant approval loans out there. With answers within a day, you can ensure that your business has the funding it needs without having to worry about waiting for months on end. This is something really useful.


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The Process is Easy


The process to get instant approval loans need cash today is easy. It takes just a few minutes of your time to get an approval and to get the loan. You don’t need to worry about a long, drawn-out process. This only comes from those traditional loans that need to look at each and every little thing that comes with owning a business.


MCA loans are the instant approval loans need cash today that you want and need. Your business can flourish with the use of someone that is able to provide them with a bit of everything. Take a chance on everything they have to provide and know that you’re making the right choice, in the end, to go with MCA loans because they provide the benefits that traditional bank loans cannot provide you with.


Choose to go forward with the application for the instant approval loans need cash today through the online application. A broker will be in contact with you shortly regarding all of the available options that they have. You never have to worry about a thing in the end, since they have you covered.


It is that easy to get the funding needed for your business. You just have to be able to make the right choice on who to go with, where to go and what to get. Don’t believe us? Try the instant approval loans needed cash today MCA loans out for yourself and see what great benefits they have to offer.


Fill out the application now!

Published inPBC Blog

Cover Your Business with a Cash Advance No Credit Check Required

When it comes to covering your business, you need to make sure you’re obtaining the funds from the right place. This is where cash advance no credit check loans can come in handy. You want something fast, but you also want to make sure that you’re checking the pros and cons of the types of lending out there. You don’t want to make a bad decision in the end but you also want to make sure your business is not going to close because you’re unable to cover something.


This is why
merchant cash advances are out there to help those business owners get by when they need a cash advance no credit check required.


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Why No Credit Check?

A lot of business owners are wondering how they’re able to get the cash advance no credit check without having credit come into play. This is something to think about since a lot of times the loans out there want to make sure you have great credit in order to be able to pay them back. This is not the case with MCA loans. Here’s why…


•    Merchant Cash Advance is based on your ability to repay a loan, based on your average monthly debit and credit card sales.

•    Your credit is used, but not for approval.

•    The credit history is used to come up with not only the interest rate, but also the percentage to pay back.

•    Payments to the loan are made through debit and credit transactions with your business.

•    Approval of taking the payments based on the percentage given is required.

•    The lender will continue to provide loans for you if you do well the first time.


Not only that, but when you pay back the cash advance no credit check, not only does this help your credit, but you also establish a strong connection and relationship with the lender. This means it can be even easier, provide better rates and have a smoother transaction the next time you need a loan.


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Never Get Denied


As long as you have regular income generated from your business and you have been running for six or more months, then you’re approved. You just have to show documents of this when signing up. From there, it is simple paperwork after you choose the lender that provides the best rates. This is something worth checking into in the end.


You just have to cash out on the benefits of the cash advance no credit check direct lender. It is something that so many businesses are now turning too. Those large traditional banks are not providing the loans that you want or need, so this means that you want to make sure you have the loans required to keep your business afloat.


Check out the MCA loans and what they have to offer. There is never a credit check and you will not be denied as long as you meet the minimum requirements. This is something worth looking into in the end, as it is the best way to go when your business is going to need funding sooner, rather than later. A merchant cash advance has what you need.

Published inPBC Blog

Are Business Grants Better Than Merchant Cash Advance

A lot of business owners out there struggle with this question, that is, are business grants better than Merchant Cash Advance? The answer to this question is simplified in this article. Both business grants and Merchant Cash Advance are two types of funding options offered to small businesses that are in need of working capital. Both of these funding options allow businesses to expand operations, buy equipment, cope with seasonality, meet payroll, and much more. Although both of these financing choices can be utilized for the same purposes, they differ from each other in several ways.

This article compares both business grants with Merchant Cash Advance so that business owners can choose the right option for their business funding needs. Plus, they can get to know about the qualifications and the approval time for both of these kinds of financing options.


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Business grants


Small business grants (which you can read about
here) are just like regular loans, say a car loan or mortgage. They offer a particular amount of money to businesses, which is to be returned in regular and fixed payments.


Merchant Cash Advance


Merchant Cash Advance or MCA is not technically a loan. Rather, the providers of MCA give you an amount of cash in exchange for your future credit/debit card sales.


Business grants versus Merchant Cash Advance

·         Process: Business grants or business loans are a lump sum amount given to a business in return for a fixed monthly return. However, Merchant Cash Advance is a lump sum cash advance that is given to a business in exchange for a portion of the daily credit card receivables.

·         Maturity date: Business grants have a fixed maturity date, whereas the maturity date for a Merchant Cash Advance can vary depending on the credit card sales of the business each day.

·        Repayment amount and schedule: When it comes to repayment, the amount is fixed and based on the principal amount plus the interest in the case of business loans. The repayment schedule can be on a daily, weekly, or even monthly basis. However, a MCA has a variable repayment amount since it is based on the daily credit card receivables of the company. In this, the loan repayment schedule is on a daily basis.

·         Eligibility: In business loans, the primary qualifications are the personal credit score and the annual revenue of the business. On the flip side, the primary eligibility criteria for a Merchant Cash Advance are personal credit score and credit card sale history.

·        Access to funds: Business grants take a much longer time to give out funding to businesses as compared to Merchant Cash Advance, which can even give financing within a few hours.

·         Maximum loan amount: Business grants offer a maximum loan amount of 20% of the annual revenue, whereas Merchant Cash Advance offers the financing amount of 50% of the annual credit card sales.

 

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Thus, Merchant Cash Advance is surely better than business grants or business loans in general. Not only does it have a high and quick approval rate, but it also has minimal eligibility requirements and a simplified procedure.

Published inPBC Blog

Money Loans Online Benefits in Equipment Financing

When a business only has a storefront and employees, it can be a bit less expensive but if you throw in equipment like say for a Deli or pizza parlor it can get costly. This means you need ovens, as well as refrigeration and nothing smaller than commercial size. We aren’t talking about your spare basement fridge you have at home. Along with that, warranties and insurance. The monthly cost can be astronomical and it can be a delicate situation in the first few years if anything goes wrong. But, that’s where money loans online can come in handy.

Some Loans are not Really Loans

Hearing the word loan can scare any new business owner away, but we’ll bet you didn’t know that there are other options that are not really loans at all. The best option is a MCA {Merchant Cash Advance} money loans online. What they really are is a cash advance, you are given the funds you need for your unique circumstance. The best thing about it is the way you get to pay it back. You and the MCA company will agree to a set percentage of your small business’ future sales. We will explain the process clearly next.

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Easy MCA Money Loans Online Procedure

The procedure for MCA money loans online is simple and easy. The way this is done is through the convenience of a broker. They do the legwork for you after you fill out a simple application form online. The broker will typically take no more than 2 days to screen the right MCA companies for you. Then you can make an educated choice as to who you would like to work with.

The main requirements and metrics are as follows:

  •    Must be in business for 6 months to a year. Some MCA companies will require something in this range. They want to be able to see a clear track record.
  •    Must show at least 3 to 6 months of credit and debit card sales. This is so the lender gets a clearer view of your revenue stream for as long of a period of time as possible.
  •    If you are using it for the purchase of equipment and using equipment as collateral which sometimes happens if the business has bad credit. In this case, the lender will typically not have the length of the agreement past the point that the equipment is meant to last.

Once the decision is made all you do is work and the repayment takes care of itself.

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What About the Lulls? Will you owe as much?

The answer is no, this is one of the great things about this type of repayment plan. This type of lender knows and understands business fluctuations and unlike banks, they will work with that. It’s in the best interest of the business and the lender to do so. So, this means you pay less when sales are down and more when they’re up. This is a priceless situation because it means no more stress and hassle for you.

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Merchant Cash Advance Easy to Get Loans Get Money Fast

Who at some point doesn’t need to get money fast? Especially when you have a business, whether it’s new or old, things come up and we’ll give you some real insight on easy to get loans right here.  First, we will give you some background on MCA’s or Merchant Cash Advances as they’re called out there in the lending community. The first thing you need to know is, it’s not a loan at all. In fact, it is what it says it is, a cash advance. It’s the most transparent type of financial solutions to date. This is a good thing because there are way too many shady lending solutions out there and you don’t even want to start that way. We’ll make sure most of your questions are answered right here and now so you can make an educated decision as to whether to take the low risk in easy to get loans from Merchant Cash Advance.


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How does a MCA easy to get loan work?


This is so simple it’s laughable. OK, what business doesn’t have credit card sales? If you have a business, we suggest you start taking in at least $10,000 in monthly credit and debit card sales each month. Why? Because the requirements for MCA easy to get loans stipulates that this is what you need for most lenders to work with you. That may sound like a lot, but it’s certainly not. Any small business can do this and if you are at least 40% online too, well that takes care of that right away.


The other requirements are that you can show the amount of consecutive credit and debit card sales by way of statements and possibly other supporting documents to the broker. This makes two things clear to the broker: One if you qualify at all, and by the way, most do; and two: It tells them exactly how many brokers they can send you to work with. It’s great when you have a broker to do the legwork for you. It beats the bank hands down. And the stress level? Let’s put it this way; you’ll be finished so quickly the stress has no time to rear its ugly head. The only other initial requirement is the one-page application form that’s merely a few questions about your unique business needs. It takes about 2 days for a broker to contact you with an answer or to ask for additional documents.


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Why are MCA’s the most popular easy to get loans?


That’s simple; MCA’s are based on several facts that are important to both the seeker and the lenders. One, they’re fast, easy, convenient and low risk. Two: they’re already pre-sorted for the lenders. This means they can pay the time and energy forward to the seeker that it would take them to sift through and qualify each person alone. These types of loans are also easy to repay for both the lender and the seeker.The system is simple most typically, the business owner pays back the lender from a percentage of each sale and at slow times, no problem this type of lender understands this and the system is built around that and you’ll pay less at those times. So what are you waiting for? Seems like it’s something to take action on.

Published inPBC Blog

Top Tips to Choosing the right MCA Cash Lenders

There are many MCA {Merchant Cash Advance} cash lenders but, to the business owner that has to choose and has never come in contact with one before, it may be overwhelming. There are so many to choose from online that it can be off-putting. But that doesn’t mean you can’t find a rose among the thorns. Sure there are many in business and that means they’ll be some discrimination that has to be used but it’s not impossible, and once you find a suitable one, using a few simple tips we’ll show you here, you’ll be so glad you did.


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1.    
Beware of extra costs: The whole point of a MCA loan is that it’s not a loan so there should be no closing costs unless the circumstance warrants it. Make sure the cash lenders spell all the costs out to you and agrees to put them in writing prior to you signing any agreements. This is what you would and should do for anything at all.


2.    
Know if you qualify for a MCA in the first place: You can make sure you already meet the minimum requirements easily and this protects you from shady deals. You won’t be asked for more than these two things initially: One, 3-6 months of consecutive credit card sales and two: you must be in business for at least 6 months to a year. The longer the better and the more you can verify this way the better but 6 months will suffice. The repayment is based on the credit card sales being at least typically $10,000 per month.


3.    
Know how fast you need the loan: This is important to know and here’s why. The initial requirements are in the aforementioned points but, some lenders may ask for other things like video check, phone ID #’s and bank statements as well as lease agreements. This depends on several things: The reason for the loan; the history you have as a business owner; credit score in some cases where the credit card sales are lower etc. So, it stands to reason that if you need the money faster you would choose the MCA cash lenders that will be the fastest. This means they ask for less in terms of verification as compared to bank loans. This way the process is faster and you will be well on your way to healing your financial situation.


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Where to Find the Best Loan Companies in 2017

Typically, you won’t have to deal with MCA cash lenders personally in the initial stages. A broker is actually the person that receives the applications in the first place. At least with good companies, this is part of the process. They’re sort of your concierge that will sift through and find a list of MCA cash lenders that are suitable for you and your unique financial solution needs. It’s an easy process and communication with the broker should be open and everything should be above board. All your questions should be asked and your gut feeling which you should always listen to should be heeded. If you’re not comfortable with a lender then tell your broker. It’s a team effort and one you’ll be happy you were part of.

Published inPBC Blog
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