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
Groupon. LivingSocial. Gilt Groupe. There are few advertising options that garner as much praise and poison at the daily deal provider. They’re heralded as traffic generators in one breath, and small business destroyers in the next. What is their attraction? The most obvious benefit to the daily deal is traffic generation. Overall, almost 80 percent of daily deal traffic comes … Read More
There is a new funding source on the block, and it’s the talk of the financial town – crowdfunding. Crowdfunding allows a wider group of individuals the opportunity to invest in business concepts.
Cash. It’s the blood in your business’ veins. It’s what keeps your company going. You need to take in some money, and you need to put out some money in order to run a successful business. Now there are a lot of complicated explanations of cash flow management, but we’re going to simplify it for you: You need to take … Read More
A special note from the Vice President of Wellen Capital, Steven O’Connor. The biggest challenge caused by Superstorm Sandy on the east coast is a lack of access. You can’t travel damaged streets. You can’t withdraw funds from non-functioning ATMs. You can’t get electricity due to downed power lines. Can money help this isolation? Money for your business doesn’t help … Read More
In the recent past, the words “merchant cash advance” conjured up images of desperate business owners, shifty salesmen and expensive money. Many see a business advance as a “last resort” funding option after all others, business loans, lines-of-credit, credit cards, borrowing from friends and family, have been exhausted. But the truth is that the merchant cash advance industry is a … Read More
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