Merchant Cash Advance Blog

Today, anyone who owns a restaurant knows how difficult it is to make a profit. First, there's the competition. Then there's a lack of loyalty among consumers. Restaurants offer discounts, rewards programs, online ordering, and third-party delivery to entice their customers, further cutting into the bottom line. Profits are slim. 

Laissez les bon temps rouler! Let the good times roll. Mardi Gras, or Fat Tuesday in French, is the final day of celebrations before ash Wednesday, which marks the beginning of Lent. For weeks leading up to the fasting before easter, people feast and party in celebration. Here are a few fun facts about Fat Tuesday and Mardi Gras season:

A lot of ice cream shops and ice cream trucks close down during cooler months due to sales declining during that time of year. Taking time off isn’t an option for every business owner, so here are a few ways to stay profitable during the off-season.

As any small business owner knows, retaining current employees is much more cost-effective than hiring new ones. The time and money spent recruiting, interviewing, and training new employees adds up quickly and can cripple even longstanding companies. Here we've outlined several strategies for retaining top talent at your small business.

Double dipping occurs when a business renews a merchant cash advance while still owing on the original advance. Some less reputable MCA providers will charge fees on the entire renewal or transaction amount, even if you’re just bringing the total back to the original advance amount. This means you may be charged fees on funding you have already been assessed fees on. Whenever you are renewing a cash advance, make sure your provider thoroughly breaks down the terms of your agreement. Practices like this have given the merchant cash advance industry a bad name.