Merchant Cash Advance Blog

If you were to randomly stop and ask 100 small business owners what their number one problem is, they would likely say cash flow.  It takes significant financial investment to turn your great business idea into a reality and you need subsequent investments to keep your business afloat.  What do you do when your funds run short?  Have you been to a traditional bank and gotten turned away? What about the huge checklist that the bank needs you to fulfill to determine your “credit worthiness?” Their business loan checklist may include your personal background, resume, business plan, personal credit report, business credit report, income tax returns, financial statements, bank statements, and collateral. 

Women have made considerable strides in the corporate landscape over the years. Not only are females gaining high-level positions within private firms, they're also dominating the entrepreneurial landscape. 

Last year, American Express released the State-Owned Business Report, which utilized data from the United States Census Bureau, and it discovered that female entrepreneurship has been on the rise over the past 17 years. 

Flexibility can be a key factor in the finances of a business. The ability to be flexible in making financial decisions often helps businesses take advantage of opportunities that they might otherwise lose - opportunities that can increase their profit and ultimately lead to success. 

The day-to-day operations of many businesses don't lend themselves to flexibility. Many expenses are fixed even when income is variable. Bills must be paid in a timely manner for the continued functioning of the business. For many new and established businesses, flexibility isn't something that would be nice to have - it is essential.

Hiring the wrong individual for your company is costly. Last year, a CareerBuilder survey found that 42 percent of businesses said hiring the incorrect person cost the company at least $25,000, while 25% of businesses reported losing out on at least $50,000. 

Bad hires can even happen to the best of companies, whether they're renowned brands or Fortune 500 companies. The costs of making a bad hire can be exponential in both time and money. The related expenses can quickly and unexpectedly eat into business cash that is budgeted for other things. To avoid the costs of making bad hires, it may be necessary to invest in modern technologies and professionals with expertise and experience in hiring protocols. 

What is a merchant cash advance?

Contrary to popular belief, a merchant cash advance is not a loan. A Merchant Cash Advance gives businesses access to much-needed cash, and provides flexibility in repayment because repayment is usually based on your daily sales. If your business is slow you will pay less and when your business picks back up you will pay more. This helps regulate your cash flow and allows you to repay based on your success.