There are many misconceptions about merchant cash advances and in reality they offer a fast and easy way for small business owners to grow.  Learning if and when your small business could benefit from a merchant cash advance can be difficult to determine.  Here we’ve compiled some key resources to help you decide if an MCA is right for you. Click on the headings for more information on each topic.

State Of The Alternative Funding Industry

The alternative funding industry changes rapidly and it can be tough for small business owners to keep up with the times and choose their best option.  Since small businesses need the ability to pivot at a moment’s notice owners have been opting for faster funding solutions.

Merchant Cash Advances Gaining Popularity

In 2013 the merchant cash advance market was lending around the $500 million mark.  As of today, that number has increased to well over $3 Billion.  There are many reasons for this.  What was once thought of as a fly by night industry has now blossomed into one of the more popular options for small business owners.  With more options to choose from and stronger competition, the market has weeded out some of the less reputable companies and has become a much more trustworthy option.  Merchant cash advances have many differences from that of a bank loan.

4 Great Uses Of A Merchant Cash Advance

When deciding to seek funding, it’s important that you determine whether or not your plans are worth the investment.  While a merchant cash advance offers the flexibility to use the money for what you deem necessary, you should make sure your ideas make good business sense.  In depth research on the possible return on investment of your improvements will increase your chances of seeing the business development you are seeking.  While the reasons to utilize a cash advance are virtually unlimited, there are several things that present the best opportunity for a successful venture.  As a small business owner it’s likely you understand the needs of your business more than anyone from the outside.

Why Your Small Business Needs a Merchant Cash Advance

Many small business owners have great plans and visions for their company but fall short due to a lack of capital.  That lack of funding can cause your business to become stale and provide your competitors with an opportunity to siphon business from your customer base.  Cash flow is the life blood of small business and provides the flexibility necessary to compete with larger competitors.  One big advantage that small companies have is the ability to make changes rapidly.  That advantage disappears without the necessary funds to make those changes.  A merchant cash advance not only provides a much faster and easier way to gather your funding, the repayment process and terms ensure your business won’t become bogged down by debt.  Unlike a bank loan, you have the ability to use your cash anyway your deem necessary which will allow you to make the small changes that can take your business to the next level.

What to Look for in a Merchant Cash Advance Lender

More small businesses are starting to realize the advantages that a merchant cash advance has over traditional bank loans.  Some of these include an easier more streamlined application process, faster access to your funds and a payback system based on a percentage of daily credit card sales.  With their rising popularity, more lenders have started to appear on the market.  There are many things to consider when choosing a lender.

Business Cash Solutions

Unlike a traditional bank loan, a business cash advance from Quikstone Capital Solutions is a source of alternative funding that gives you the business cash you need fast. In return, Quikstone Capital Solutions deducts a fixed percentage from your daily card sales. This gives the business owner flexibility - the percentage is fixed, but the amount paid to Sterling varies daily with your sales.  Many merchants need access to short-term business cash at some point. Quikstone Capital Solutions's merchant cash advance program is a source of fast funding for a variety of businesses:

• Restaurants
• Auto repair shops
• Liquor stores
• Caterers
• Dentists
• Salons and Day Spas
• Bakeries
• Specialty Retail
• Veterinarians
• And any other business that processes credit cards!

Does your business qualify for a merchant cash advance? Apply now and find out.