The Merchant Cash Advance

1. The Merchant Cash Advance: A Viable Alternative to Bank Loan Business Funding for Small Businesses Given today's precarious economic climate, smaller enterprises are finding it more challenging to acquire the business funding they need to stay afloat. For many SMBs, bank loans are traditionally seen as the only means of securing the capital Alternative Business Funding; however, those with bad credit ratings or no collateral to put up generally find themselves at a loss. Today, small businesses have a more viable alternative to bank loans. The merchant cash advances provided by companies specializing in this business funding solution are rapidly gaining popularity among many SMBs. The concept is quite simple. Funding companies essentially purchase a portion of the client's future credit card sales. Cash and check sales are generally not included. These companies then "advance" this portion to clients for them to use immediately. The client then pays back the advanced amount every month along with a set amount they agreed upon with the funding company until the full amount has been completed. A business generally doesn't need much to qualify for a merchant cash advance. Most funding companies just require a minimum credit card volume, a fixed business location, and for the client to be free of bankruptcy and to have been in operation for a certain period of time Alternative Lending. The best part is that with the right funding company, businesses can receive funding amounting to tens of thousands of dollars in as soon as a week. There are many companies that offer this type of business funding option, which is why SMBs need to be discriminating when it comes to choosing the best one to meet their needs. The top companies are able to offer more flexible merchant cash advance programs and different options for collecting payments to better accommodate the requirements and capabilities of clients. To get the most value from the transaction, businesses should find a direct funding source. Sources that go through brokers or other middlemen may charge extra. This fast and easy access to much-needed working capital enables SMBs to undertake projects or simply pay for everyday expenses at the soonest time possible Cannabis Funding. Whether for payroll, purchasing new equipment, or making repairs, businesses are typically given the license to do whatever they need with the funding they receive. With enough resourcefulness and determination, running a small business need not be as challenging as it is often made out to be. By properly leveraging resources made available by trusted business funding companies, a small business is not only able to sustain operations, but expand its enterprise as well.