Our Blog

The response of various lenders to the needs of small businesses is quite varied, there are some who are responsive to their needs while others hesitate in offering them an audience. Traditional lenders tend to shy away from offering any form of credit to small businesses, restaurants businesses not being spared either. On the other hand, alternative lenders will be more than willing to offer restaurant loans to those in need. Currently, merchant cash advance seems to be the most preferred form of alternative lending for the small businesses. Merchant cash advance companies could offer you restaurant loans in a…

Small business owners who seek for external sources of funding for their businesses have a couple of options on their hands. We have the traditional lenders such as banks and the newer options, the alternative lenders. The traditional lenders have shown to be less responsive to small business loan applications with decline rates being as high as 60%. Small business has thus shifted their attention to the alternative lenders who are more reliable with relatively higher approval rates. Among the alternative lenders, merchant cash advance providers have become so popular amongst small business owners. This can be traced back to…

A merchant cash advance (MCA) is a way to prepay your business for credit and debit card receipts. This can be a practical way for your company to get necessary funding immediately, especially if you don’t qualify for a conventional loan or don’t want to risk changes to your credit score. Here is some information on how the cash advance works, as well as the advantages you can experience for your business. A MCA Is Not a Loan The merchant cash advance is quite different from traditional methods of borrowing money because you’re not actually borrowing the money. If your…

A number of new business owners have great ideas for their companies, but a lack of capital can stop these ideas from coming to fruition. It’s pretty common for young businesses to be turned down for bank loans, and this is sometimes the case even when a business is well established. This is just one of the reasons funds can be difficult to secure. Some entrepreneurs opt for applying for a loan with the Small Business Administration, but these loans are becoming more difficult to attain. When it comes to business loan funding, here are some practical options you may…

It’s not necessary for you to go to the bank to get a small business loan in many cases, although that is an option for businesses of all sizes. There are several options for funding your company, and alternative loans are among your choices. There are pros and cons to consider when it comes to unconventional financing methods, so you should be aware of these factors before you decide on a funding option that is right for you. In many cases, merchant cash advances could be the answer to your company’s money issues. What About Merchant Cash Advances? A merchant…

If you’re starting a business or need more funding solutions for your company, a working capital loan could be an option. This type of loan is used for the purpose of financing the day-to-day operations of a business. Loans for working capital shouldn’t be used to buy assets you will use long-term or for investments. Instead, the funds should be used for things that like employee wages and accounts payable. If your company has a cyclical sales system, it may be practical to take working capital loans to assist with periods of slow sales. Working Capital Loan Breakdown Working capital…

The economy has definitely taken a hit in recent years, and this has affected both established business owners and those who are looking to start their own companies. Small business lending has become a little more complicated, so those who are looking to become entrepreneurs have had to become much more creative to get the right funding. Here are some of the ways to find the small business funding solution that will work for you. Get Your Credit Together If you have a high credit score for your business, banks are much more likely to give you a small business…

If you’re searching for a small business loan, it’s important to know that you have several options. Selecting the right small business loans depends on several different factors, including the type of business you want to open and the amount of money you already have saved up. Here are a few of the loan options available to you, so you can narrow down your search. 7(a) Loans 7(a) loans are offered by the Small Business Administration and are pretty flexible. You can use this loan for several purposes, including purchasing equipment for your company, building a new commercial space, buying…

Whether you’ve been in business for years are you’re just starting out, there’s a chance that you could use a lump sum of money to purchase new equipment, enhance your marketing efforts, or pay off debt. There are lots of options out there, and a business cash advance could be your best choice for a number of reasons. How Does a Merchant Cash Advance Work? In most cases, you can get an advance ranging from $5,000 to $3000,000. You’ll need to work with a lender to set a dollar amount based on the future credit or debit sales for your…

If you’re considering getting a loan for your small business, you may have entertained the notion of asset based lending or loans. These loans are determined by your business assets, so your inventory and receivables will be analyzed to determine the amount of the loan and will be used as collateral. Essentially, asset based lending jeopardizes the revenue you will make in the future in order to get money for your company right now.   How Much Will You Get?   Lenders for asset based lending will advance the funds to you based on a predetermined percentage of the value…