Browsing Tag
merchant cash advance
12 posts
Here’s Why Alternative Lending Can Take Your Business to the Next Level
Running a business is hard work, and nothing is more challenging than trying to secure the funds needed to start a new business or keep things running smoothly. It has become increasingly difficult for entrepreneurs to get funding from traditional banks, because of the hoops that they make business owners jump through to qualify for...
Alternative Lending Options for Small Businesses in 2021
All businesses require funds to operate. Maybe when you first opened your doors, you used your own savings or received microloans from family or friends. But as businesses grow, it's sometimes necessary to obtain outside financing. The majority of business owners usually opt for traditional bank loans or loans from the Small Business Administration (SBA)....
The Best Loans for Franchises
Opening your own franchise is a smart decision if you're an ambitious entrepreneur. Being the owner of a franchise offers the flexibility to be your own boss, yet with the security of owning an already established brand. Like with any business, though, the costs of starting up can be pretty high and you might need...
Need Financial Help to Reopen Your Business After COVID-19?
After months of lockdowns that required many companies to cut back hours, pause production or close completely, restrictions are starting to lift, and small businesses are starting to slowly and cautiously open back up. But when they do, they’ll be opening their doors to a different world than when they had to close them. With...
Everything You Need to Know About Small Business Financing
While obtaining funding as an entrepreneur is not always easy, there are methods to make it easier. These financing solutions support startups and entrepreneurs, and the companies that provide these solutions understand the challenges that small businesses face when it comes to traditional funding methods. To meet the needs of small business owners and entrepreneurs,...
4 Ways to Get Financing Quickly Ahead of Small Business Saturday
If you’re a small business owner and are looking to drive traffic this holiday season, make sure you take advantage of Small Business Saturday. An annual event, this holiday has become a phenomenon: according to BusinessWire, an estimated 104 million U.S. consumers reported shopping or dining at local, independently owned businesses — and spent $17.8...
3 Credit Strategies to Ramp Up Your E-Commerce or Retail Business
Selling products, whether in a retail store or online through an e-commerce business, often requires inventory and supplies. Unless you have plenty of cash available to pay for those products or supplies upfront, you’ll probably wind up using credit. Here are three smart ways to leverage credit to ramp up your e-commerce or retail business....
6 Confusing Small Business Loan Terms Defined
Getting a business loan can be tough. You know the ins and outs of your own business, but you might not know how to get the funding you need. To make matters worse, small business lending is full of confusing bank lingo that you may not understand. If you need a crash course in business...
How Debt Stacking Can Threaten Your Business
Debt stacking can destroy your business, yet many entrepreneurs are unfamiliar with the term. Debt stacking is when a business takes out multiple, overlapping loans and/or merchant cash advances without paying off earlier loans, and the debt stacks up. The result is a business saddled with an exploding amount of debt, in which the debt...
Creative Funding Options for Startups and Entrepreneurs
Startups and small businesses are a vital part of the U.S. economy: they serve as an incubator for innovation, make a significant contribution to the national GDP, and provide opportunities for diverse groups of people. In fact, nearly half of the nation's private sector workforce is employed by small business and a 2015 SBA study...
How to Get a Small Business Loan Without Collateral
If you require a small business loan but your company doesn’t have any assets (whether property, land, stock or share options), you may need to give a personal guarantee, which can put your personal assets (including your home) on the line. It’s not an attractive proposition, to say the least. That’s not to say that...
The Small Business Loan Revolution is Here
The economy is back, and it’s ready to lend a hand If you’re like most small business owners, you’ve been on quite the roller coaster for the past several years. You pinched pennies, made sacrifices and deferred capital investment projects. Finally, your patience has paid off. With the economy back on a roll, entrepreneurs and...