Merchant Cash Advance Blog

Double dipping occurs when a business decides to renew a merchant cash advance while still owing on the original loan. Some less reputable lenders will charge interest on the full loan amount, even if you’re just bringing the total back to the original loan amount. This means you may be charged interest on funding that you have already been assessed interest on. Whenever you are renewing a cash advance, make sure your lender thoroughly breaks down the terms of your agreement. Practices like this are what have given the merchant cash advance industry a bad name.  Just like any other business partnership, you need to align yourself with an honest and reputable lender when seeking business capital. Make sure you read and understand any and all contracts that you sign and that you can account for every dollar being repaid. Double dipping can cost a small business owner tens of thousands of dollars. Since you’re looking for funding in the first place, this is a hit few owners can withstand. Here’s what to look for in a business capital lender.

Quikstone Capital is celebrating 14 years of helping small businesses grow. We've provided more than $300 million in cash advances and are proud to have helped merchants thrive in economic upswings and survive recessions.

 Quikstone Capital is celebrating 13 years of helping businesses achieve their goals. We've provided more than $300 million in cash advances and are proud to have helped merchants thrive in economic upswings and survive recessions.

This past year was one of metamorphosis and progression for us, with more positive changes still to come.  Our first 12 years were spent under the Sterling Funding moniker. Our name has changed but our missions remains the same. We look forward to many more successful years of helping our clients find the right funding solution to profit and thrive.

As Quikstone Capital Solutions, we're even more focused on our mission. Our new logo and name represents the Citrine gemstone, known as the Merchant's stone or money stone. It attracts money and prosperity, something we've done for 13 years now. 

To our customers - we sincerely thank you for your support and trust. Our leadership team and values remain intact as we continue our mission of helping small businesses grow.

Two of the major sources of small business funding come in the form of business cash advances and bank loans.  Many small business owners don’t qualify for bank loans, either due to lack of collateral or poor credit, but those aren’t the only reasons to seek an alternative. 

A small business cash advance has the potential to transform your business and your future.  Proactive owners recognize the need to constantly evaluate and improve their business.  Bank loans have many drawbacks and long-term consequences, and that’s if you can get approved.  Waiting on renovations, equipment upgrades and other investments can have a disastrous effect on your company.  A business cash advance offers a fast and easy way to grow your business.  Here’s how: