Merchant Cash Advance Blog

Much like personal finance, establishing multiple streams of revenue is essential to protect and grow your business. As we move through this trying time, it is important as a business owner to begin to focus on how to be better prepared and diversified in order to protect your company in the future. Whether it’s incorporating online sales, expanding your product lines, offering new services, or opening a complementary business, having multiple revenue streams can keep your business operating in the black even in difficult situations. Here are a few practical ways to open up new revenue streams and protect your small business.

In order for your business to grow, you need to invest in it. Making sure your building is in good shape and your staff has everything they need to operate efficiently is at the top of the list of responsibilities for small business owners. When cash flow is at a minimum, a business cash advance can be the solution that keeps your company on track. Here are some of the best uses of a business cash advance.

For those with poor credit, no collateral and a short time frame for receiving funding, bank loans are simply not an option. Thankfully, a business cash advance can give you the capital you need, fast.

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.