A merchant cash advance is an excellent alternative funding source to add to your current mix of loans, lines of credits, credit cards and personal financing. Businesses like them because of the simplicity in securing capital. Capital advance providers typically don’t ask for a business plan, and they usually do not require collateral. Your credit score does not have to … Read More
Merchant cash advances have been gaining in popularity as an alternative lending source to small business as credit remains tight. Big players like Amazon and American Express are getting into the business. Many businesses that have used a merchant advance in the past use the product over and over to even out cash flow. But some businesses have nothing good to … Read More
Ready to take your business to the next level in 2013? Consider the following four business applications to help you get money and make money.
$1.8 billion. That’s the typical sales for the entire restaurant industry on any given day in 2013. That sounds like a lot of money doesn’t it. But as a restaurant owner or manager, you know the truth – restaurants are high-expense businesses. Full-service restaurants typically pull in margins of only 2-5 percent. According to the 2010 Operations Report by the … Read More
Running a small business is expensive and a lot of work. You need to develop new products; you need to resolve customer complaints; you need to optimize pricing to hit your revenue targets; you need to have experts on staff to handle certain areas of the business, and you need money to keep it all going. There is a way … Read More
Last week we discussed the first part of this equation, how to make money, or more specifically, how to bring in the money faster. Now let’s take a look at the other side of the equation – expenses, or more specifically, how to pull out money more slowly.
Nothing beats running your own business. You’re the boss. Your destiny is in your own hands. But once business starts to take off, so do your expenses, you take on more staff, diversify your products and enter new markets – which translates into payroll, buying inventory or new equipment, marketing, renovations, real estate, licensing and more. All of these expenses … Read More
Let’s cut to the chase and talk about the ‘negatives’ regarding a merchant cash advance. The biggest objection is price – a merchant advance is expensive money. We’re not going to dispute this fact, at least not for our product; rather we want to tell you what you’re paying for – convenience. • When you want to go from Chicago … Read More