You may have considered a business cash advance to help your business, but rejected the idea. Maybe you don't like the thought of carrying debt, or you aren't sure you can pay it back. What happens if your business has an unexpected downturn? Do you have enough capital to keep your business afloat?

Many people are uncertain about getting a merchant cash advance to help their business. Some research may lead you to find less than complimentary things to say about cash advancements. On the flip side, adequate research will also provide lots of positive reviews of this funding solution. Many times the negative things that people say about business cash advances are based on misinformation or not really knowing the facts. 

A merchant cash advance is not a loan, it is a purchase of future credit card sales.  Because the main criterion for such an advance is a history of strong credit card sales and not credit rating or collateral, it opens up opportunities to business owners who may not qualify for traditional financing. An additional bonus: it's fast cash. Most advances are disbursed in a week or less.

MCAs are unlike loans in several ways. They are less dependent on creditworthiness, instead looking at daily sales to measure the ability to repay the lump sum over time. They are also repaid much faster, which may seem bad but is actually good. Business owners don't want to be in debt long term, so having the MCA repaid within a year can free up businesses to move forward without having any obligations to worry about.

Whether your business is currently strong or it could use some help to become stronger, merchant cash advances are structured to make larger amounts of cash accessible so that business goals can be accomplished.

Bank loans are typically the preferred form of financing for businesses, but business cash advances actually offer some advantages to bank loans that business owners should consider. Please keep in mind that business cash advances are not classified as loans, but as a purchase of future sales; however, both types of financing provide a lump sum of cash to a business and can be used to fund immediate or ongoing needs.

Many factors influence business growth. Marketing plays a huge part; people can't become customers if they don't know you exist. Another factor in a business's growth is word of mouth, a negative comment online can have severe consequences. If you are known for good customer service and providing products people need at a competitive price, word of mouth will usually begin to get around about your company. People talk, and if you are filling a need, they will most likely talk about you.

Efficient management also influences business growth. Spending your money wastefully will not help your business grow, so it's important to resist unnecessary purchases no matter how attractive and tempting they may seem. Many small businesses fail each year due to mismanagement of their resources, so efficient management is a key ingredient to business success.

Sometimes, business growth seems to be the result of luck. Maybe a marketing tool like a video goes viral, or you get an opportunity to appear on a television program and can market your product to millions of people. Even in these situations, it takes hard work to position yourself to take advantage of the extra publicity, and in many cases the opportunities may not have happened without the efforts you committed to giving all along.

Quikstone Capital Solutions provides cash for businesses.  A merchant cash advance from Quikstone Capital Solutions is a business loan alternative that can help your business thrive and prosper, whether you need cash to buy equipment, cash to renovate or expand, cash to purchase inventory, cash to advertise or cash for emergencies Quikstone Capital Solutions can help. Contact us for a consultation today or simply click below to apply now.