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Nov 5, 2018 6:51:00 PM

The Merchant Cash Advance Industry is Maturing but Obstacles Remain

The United States is now nine years into one of the longest continuous stretches of economic recovery and yet access to working capital remains stubbornly out of reach for the majority of small businesses. Though repeatedly referred to as the so-called “backbone” of the American economy, small business owners have found themselves mostly ignored and on the sidelines while large corporate profits have soared and money has flowed freely between the big banks and big business. Adding insult to injury is the low interest rate environment that has endured since the financial crisis. Money is cheap but only for those who need it the least.

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Sep 28, 2018 3:45:00 PM

Can You Get a Debt Consolidation Loan With Bad Credit?

Originally published Apr 19, 2017. Republished September 28, 2018.

It's hard enough to get business credit when you have zero debt and perfect credit. If you're struggling with high-interest debt and your credit score has taken a hit, getting approved can seem impossible. However, because a debt consolidation loan can slash your interest payments and help you catch up, it's important to not give up. And even with bad credit, you do have several options available.

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Aug 13, 2018 8:27:00 AM

Three Reasons Why 100% Financing on Hard Money Loans Does Not Exist

Originally published Sep 30, 2016. Republished August 13, 2018.

Hard money lenders are very reluctant to provide 100% financing on a deal.  When prospective borrowers say they need 100% financing, they're raising questions about how much skin they have in the game.

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Aug 2, 2018 1:02:00 PM

Women-Owned Business Loans

Originally published November 1, 2015. Republished August 2, 2018.

Women-owned small businesses are making huge strides in the U.S. economy.

With over eight million U.S. small businesses owned by females, business-minded women generate over $1.5 trillion in revenue each year. With an increasing amount of women-owned businesses sprouting up every day, this minority is easily starting to edge into the majority.

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Jul 23, 2018 8:27:00 AM

The Different Types of Personal Guarantees

Originally published April 19, 2017. Republished May 25, 2018.

As a small business owner, it’s likely there will come a time when you seek a loan.

As you go through the borrowing process, you might find yourself pausing on a section of the application that asks for a personal guarantee.

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Jun 22, 2018 11:22:00 AM

Merchant Cash Advances (MCA): Everything You Need to Know

Originally published Jan 18, 2017. Republished May 29, 2018.

Let’s begin with the formal explanation of a merchant cash advance (MCA) and a brief history. A merchant cash advance is simply an advance of funds from one party to another with a set payback amount. For example, a restaurant that receives $10,000 and agrees to pay back $13,000 from future revenue is a typical MCA. If this sounds a lot like a loan, you’re right. A difference without a distinction? Perhaps. That’s why a brief history and an explanation of the nuances is important.

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May 29, 2018 3:59:00 PM

What is Hard Money Lending? Borrowing Against Real Property

Originally published on Jun 27, 2016. Updated May 25, 2018.

Even borrowers well-versed in hard money loans often still harbor questions about securing this type of financing. For the novice, these inquiries can become near-insurmountable challenges, and for good reason.

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Jan 8, 2018 3:12:36 PM

Using a Merchant Cash Advance for Working Capital

A merchant cash advance (MCA) acts as a working capital loan in certain situations. Remember that an MCA is not a typical loan, rather it is an advance against future cash flow. This kind of funding allows a business to position a portion of its revenue to pay back the advance while leaving the business financially solvent.

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Nov 7, 2017 10:33:27 AM

3 Differences Between a Merchant Cash Advance and a Traditional Loan

Despite the current popularity of merchant cash advance (MCA) loans, there remains a great deal of confusion concerning the differences between a merchant cash advance and a traditional loan. The commercial financing world is complex enough as it is.

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Nov 1, 2017 12:38:07 PM

10 Reasons to Get a Merchant Cash Advance

Let’s begin with a disclaimer. Securing a merchant cash advance is not for every small business owner. Before you even consider shopping for an advance, remember the rule of thumb: Only take what you need, not what you want. You can’t borrow with the hope that you’ll have the money to pay back an advance, you need to be certain that these funds will be productive and that payback is within reasonable reach.

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