Merchant Cash Advance Blog

If your business is profitable, you may be reluctant to make changes or to do anything to rock the boat in a major way. After all, sometimes actions backfire. What if you risk too much working capital and it doesn't work out? What if you invest in marketing and you don't get a return? How will you make up all the money you lost?

One of the best features of a merchant cash advance is that you can use the money for whatever you deem necessary.  Unlike a bank loan, what you plan to use the money for does not factor into approval.  A merchant cash advance works much different from a traditional loan.  It is basically a purchase of a portion of your future credit card transactions.  The approval is less stringent and much faster as well.  This allows you to get your money when you need it without having to wait until it’s possibly too late.  Wondering how to use a merchant cash advance? Here are a few ideas to get you started.

The time is now for Holiday Prep. For some small businesses, the holidays can represent a large portion of annual earnings.  Being prepared for the holiday season is essential in maximizing your profits.  Although we’re still in the summer months, it’s important you start working on your holiday strategy now.  There are many things to prepare for, and chances are you have your own personal holiday celebrations to prepare for.  The summer months are often slow for small businesses, so it’s an ideal time to put your holiday plan in motion.  Here are a few steps to take to get your small business ready for a busy holiday season.

More small businesses are starting to realize the advantages that a merchant cash advance has over traditional bank loans.  Some of these include an easier more streamlined application process, faster access to your funds and a payback system based on a percentage of daily credit card sales.  With their rising popularity, more lenders have started to appear on the market.  There are many things to consider when choosing a lender. 

Have you been considering a Merchant Cash Advance and trying to sift through and understand all of your choices?  There are several options calling themselves Merchant Cash Advances (MCA). One is known as an ‘ACH loan product’ where a daily ACH debits your business bank account (they are generally not loans, but merchant cash advances in a different package and sometimes referred to as a ‘cash flow loan’).  Another is known as a ‘credit card split processing product’.  Let’s discuss the advantages of the split processing product as opposed to the daily ACH merchant cash advance but, before we get into the differences, answer this question: When was the last time you wrote a paper check?