+1 (888) 963-6130
With access to capital limited, the result of tight credit markets and the recent government shutdown, which prevented the processing of SBA loans, restaurant owners are looking for alternative ways to fund their capital expense and growth plans.
Government Shutdown Means Access to SBA Loans Limited
When the Federal government shut down on October 1, 2013, “non-essential federal employees” were furloughed—meaning they could not go in to work. And while many Americans don’t necessarily feel that effect on a day-to-day basis, small business owners who were considering SBA loans will definitely see the impact.
Number of Small Business Loans Goes Up, Value of Small Business Loans Goes Down
Still feeling the squeeze with the big banks? Your business is not alone. Although the overall number of small business loans issued has grown, the amounts of these small business loans have shrunk. The good news is that small business owners are finding alternative lending sources.
At Last, The Economy Is Recovering, But Small Business Financing Is Still Hard To Find
Still finding it difficult to get your business approved for a bank loan? You’re not alone. Here is an alternative source of funding when the big banks say “No”.
Merchant Cash Advance – Understanding Repayment.
There’s a lot of press out there about merchant cash advances – both good and bad. One of the biggest factors that may determine if a merchant cash advance is good for your business is being educated about the product. There are many types or merchant cash advances with slightly different features. As a business owner, you need to understand … Read More
Good Business Investments For A Merchant Cash Advance.
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
Sorry, But Your Business Doesn’t Qualify For A Merchant Cash Advance
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
Need Help Getting Money and Making Money? Try These Four Small Business Solutions.
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.
Four Strategies To Improve Incoming Cash Flow.
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
Are Merchant Cash Advances Your “Last Resort” Funding? We think not.
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