Merchant Cash Advance Blog

,Are you ready for the next disaster? Lately, it seems like superstorms and natural disasters of all varieties are occurring at an exponential rate. It’s safe to say that a lot of people and businesses typically flow with the mindset that “It won’t happen to me.” Instead of being complacent with your disaster recovery plan, now is the time to prepare so you are ready for anything mother nature may bring your way.

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.

There are a variety of reasons a small business owner will seek funding. Whether it’s to pay bills, renovate your physical storefront, implement marketing campaigns, or take advantage of seasonal inventory opportunities, a merchant cash advance may be right for you.

Looking at your small business you might see a lot of potential for improvement. Whether you need to take out a few walls to create a larger space, update landscaping, update paint, or even purchase new equipment for your business, there is plenty of work to be done. As you may already know, taking on a business remodel or renovation can be a scary thing. Updating your business can’t be done on a whim, it usually calls for some preparation and a general understanding of how it will impact your business. We recently began renovations and have some pointers for your business before you begin yours.

For many small business owners and in many situations a bank loan is simply not the answer.  Being able to access cash quickly without restrictions on how you can spend the money can make the difference in whether your small business thrives or is forced to close the doors.  Here are just a few ways you can use a merchant cash advance.