Merchant Cash Advance Blog

Is your business prepared should any disaster unfold? If not, it's time to start getting ready. 
When disaster strikes - data breaches, natural disasters, theft and computer crashes - a small business can be stuck with a hefty bill. Despite the wide variety of threats that risk the infrastructure of a small business, the fact is that many enterprises are not prepared for a disaster to strike. 

Since the Great Recession, small businesses have been reluctant to grow their brand with fears of cutbacks in consumer spending, a double-dip recession or a lack of business cash on hand. This could be why business investments were down in the fourth quarter of last year, according to a recent Department of Commerce report. 

Despite the United States economy recovering over the last few years, some small businesses aren't reflecting that, though studies have continually shown that confidence levels are returning to pre-recession norms.

I recently had a discussion with a merchant small business owner who had come to us looking for a merchant cash advance (MCA). Our underwriting department had reviewed her bank statements and discovered a daily Automated Clearing House (ACH) debit from the business’ bank account, and the deduction was by another MCA company. I explained to her our concern with funding with another cash advance already in place. She was under the impression that the daily ACH was a “business loan” and not a merchant cash advance. I explained that the product she was sold as a business loan was, in reality, a merchant cash advance.

"A growth hacker is a person whose true north is growth. Everything they do is scrutinized by its potential impact on scalable growth," wrote Sean Ellis, a start-up marketing guru, in 2010, when describing those who wish to and can solve problems with innovative and unique concepts. 

For every small business, obtaining and retaining customers is like a game of chess. It takes strategy, dedication and time to acquiring customers and building client loyalty. 

Superior customer service can impact the business positively, while poor customer experience can result in lost sales.