SBA will be one of the largest financial resources to help business owners with the recovery from the recent tornados in Oklahoma. There’s finally some good news for business owners located in Oklahoma that were negatively affected by the recent tornados. The SBA recently stated there will be a Business Recovery Center for all businesses seeking assistance. There will be SBA representatives there to help business owners understand how a federal SBA disaster loan can help with their recovery. The Read More
Banks aren’t the only ones lending out money to small businesses If you already contacted your business banker, you might already be aware of the bank requirements if you want a working capital loan from them. Traditionally banks are looking for businesses that have a history of good credit from the business owners. If the business has multiple owners, and they own more than 20% share of the company, the bank will require those owners to be on the loan. Read More
Tight on cash? We have a solution! Merchant funding, also known as business cash advance or merchant cash advance is a fast and simple way of obtaining working capital for your business. This type of financial tool is typically not viewed as a loan. You are selling your future credit card receivables at a discount for a set dollar amount. So as your customers pay with credit cards, there will be a small percentage of each transaction deducted to pay Read More
Learn how merchant funding works: Are you a business owner who accepts credit cards as a form of payment? Maybe merchant funding can help your business with the extra working capital it might need. If you are strapped for cash and have found out that the banks aren’t lending to business owners as frequently, this is a great solution if you’re in need of cash for your business immediately. Merchant funding also known as merchant cash advance is another type Read More
What are the main differences between business cash advance and a small business loan? Let’s start off with what is a Business Cash Advance. Business Cash Advance is also known as “merchant cash advance” or “merchant funding”, it is a tool used by businesses who currently is accepting credit card payments. Your business will need to have historical credit card processing for this type of loan program. Typically small business loans are 50% less expensive than a business cash advance Read More
