Merchant Cash Advance Blog

In order for small businesses to compete and remain innovative they must at times borrow growth strategies for their larger competitors. There are many different tactics that can be used and the type you choose will mostly depend on your financial resources, company size and competition. It’s important to first take a look at the different types of strategies available and then determine which ones will bring about the best results. This can take some trial and error but becoming familiar with your options can streamline the process.

Although there are many good ways to spend business cash advances, there are also ways you should not spend them, if you want your business to thrive. Cash advance providers want the best for the businesses they work with, while trusting owners to make good decisions about how to distribute funds. Here are some ways we at Quikstone Capital Solutions would advise a business owner against using their merchant cash advance for.

Whether it is online or in person, women small business owners are coming together more than ever before. Offering education, networking opportunities and support, there are several websites and events where women can learn how to take their businesses to new heights. Networking has been one of the biggest reasons for the rise of women in small business. Here we’ve assembled just a few of the top places women small business owners go to meet.

Owning and operating a small business can be extremely rewarding but as a sole proprietor you are sure to face many challenges. Most people start their own business to be their own boss, support their family and to be able to do what they love for a living. Starting your business can actually be one of the easier parts of the process. What comes as the biggest challenge for most owners is growing the business. A lack of working capital can be to blame for many businesses becoming stagnant and unable to evolve. Even with a savings plan in place, unexpected expenses such as equipment failures, rent increases and other emergency situations cause small business owners to spend their money simply to stay afloat. Many owners lack the credit history or collateral to take out a bank loan to make improvements. Thankfully, there is an alternative that is available to a higher percentage of small business owners. Merchant cash advances have become one of the best ways to secure working capital and help your business grow. When used correctly a merchant cash advance can take your small business to the next level and help to prevent costly downtime.

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.