Merchant Cash Advance Blog

Some critics have been very hard on merchant cash advances. Compared to other types of financing including traditional bank loans, however, there are some definite advantages to this type of funding. Merchant cash advances are not loans in the traditional sense. Instead, the provider is purchasing a portion of the business's future sales. The fee, which is usually about 20-25 percent of the amount, seems high. But consider a loan from a traditional bank, which is usually paid back over a period of 5 to 10 years or more, with interest compounded every year. At 8 percent interest per year, that money costs the business owner 30 to 60 percent of the amount they borrowed.

Small Business Saturday has become an essential tool to showcase the importance of small business in our economy and bring exposure to the companies fueling their industries. Black Friday and Cyber Monday have brought millions to larger stores and chains. Small Business Saturday is beginning to realize the same potential, be it on a smaller scale. The potential for revenue, marketing and branding during this event is tremendous if you are properly prepared. Here we’ve outlined 7 Steps to maximize your profits this November 25^th.

In order to realize the true potential of your small business, you must first understand the impact that a strong brand can have on your company. For instance, whenever someone looks something up online, they’re “Googling” it. Regardless of what search engine someone is using, Google’s brand has become synonymous with online search. Applied on a smaller scale, when someone says they’re going to the store, pizza place, mechanic or coffee shop in your local area, are they thinking about your brand? Creating a strong brand requires a variety of different tactics and skill-sets. As a small business, this process begins internally, and that structure allows you to project positively towards the public. Here we’ve outlined 5 steps to help you develop a strong brand.

Inventory is perhaps the most important asset your company has and proper management is essential to the profitability of your small business. Strategically purchasing and storing necessary items opens up additional funds for you to grow your business. Here we’ve outlined several ways additional business capital can help you take advantage of inventory opportunities.

Many consumers form their opinion of a brand solely based on their online reviews. With digital media taking over, small business owners need to keep close watch over the reputation of their company. Bad reviews happen, and knowing how to handle them can lessen their impact and even present an opportunity for growth. It is easy to get upset when someone has talked negatively about your life’s work, but your focus needs to be on the future of your business. Here we’ve outlined some key things to consider when handling your online reviews.