How to Fund Business Growth With Future Receivables

Apr 3, 2015

fundgrowthSince the Great Recession, small businesses have been reluctant to grow their brand with fears of cutbacks in consumer spending, a double-dip recession or a lack of business cash on hand. This could be why business investments were down in the fourth quarter of last year, according to a recent Department of Commerce report

Despite the United States economy recovering over the last few years, some small businesses aren't reflecting that, though studies have continually shown that confidence levels are returning to pre-recession norms.

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Topics: Funding Your Business

The Dangers of Brokers and Business Loans

Mar 31, 2015

Dangers of Business LoansI recently had a discussion with a merchant small business owner who had come to us looking for a merchant cash advance (MCA). Our underwriting department had reviewed her bank statements and discovered a daily Automated Clearing House (ACH) debit from the business’ bank account, and the deduction was by another MCA company. I explained to her our concern with funding with another cash advance already in place. She was under the impression that the daily ACH was a “business loan” and not a merchant cash advance. I explained that the product she was sold as a business loan was, in reality, a merchant cash advance.

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Topics: Funding Your Business

Business Cash for Growth: Scaling Up While Maintaining Quality

Mar 28, 2015

Business Growth"A growth hacker is a person whose true north is growth. Everything they do is scrutinized by its potential impact on scalable growth," wrote Sean Ellis, a start-up marketing guru, in 2010, when describing those who wish to and can solve problems with innovative and unique concepts. 

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Topics: Funding Your Business, Growing Your Business

5 Ways to Improve Customer Service

Mar 27, 2015
improve customer serviceFor every small business, obtaining and retaining customers is like a game of chess. It takes strategy, dedication and time to acquiring customers and building client loyalty. 

Superior customer service can impact the business positively, while poor customer experience can result in lost sales.
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Topics: Funding Your Business, Growing Your Business

4 Business Challenges to Overcome in 2015

Mar 24, 2015

Alternative fundingIt's no secret that eight out of 10 businesses fail within their first 18 months. It's a common statistic quoted because ostensibly entrepreneurs aren't learning from others' enterprise mistakes. 

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Topics: Funding Your Business