Merchant Cash Advance Blog

There’s no question that 2020 was a tough year for most small businesses, but many have found ways to survive and even thrive. As we look forward to 2021 with renewed hope, it’s important to learn from the challenges we faced over the past year and use them to fuel our growth, both professional and personal. Here we take a look at seven of our most popular articles from 2020.

The U.S. Small Business Administration has announced that it will reopen the Paycheck Protection (PPP) loan portal to PPP eligible lenders with $1 billion or less in assets for first and second round of applications on Friday, January 15 at 9 a.m. EST. The portal will fully open on Tuesday, January 19, to all participating PPP lenders.

During the holiday season, both before and after, there will be millions of online reviews posted and small business owners should be prepared to leverage and respond to them. “The 2020 Local Consumer Review Survey from BrightLocal reveals 87% of consumers are now reading online reviews for local businesses. Considering the state of affairs (global pandemic), It is not surprising. Because 34% say they always read online reviews for local businesses, while 26% do so regularly. And another 27% report they occasionally read reviews and 13% never do.” Here we’ve outlined some of the benefits of online reviews and how to handle the inevitable bad ones.

It’s safe to say that we’re all just about ready to bid 2020 a fair adieu. In what has been a very difficult year for many of us, it is important to count our blessings for the good things that happened and look forward to 2021 with renewed hope. Here we take a look at ten New Year’s Eve stats and fun facts.

A business cash advance gives you the ability to leverage your future earnings for the cash you need immediately. The ability to have cash on hand for growth initiatives, renovations, events and inventory opportunities can outweigh the nominal fees associated with a business cash advance. Working capital and financial flexibility are essential to the growth of small businesses. Low credit scores and a lack of collateral prevent many owners from obtaining the funding they need to operate and grow.