It’s common for businesses to struggle with cash flow and working capital because of outstanding debtor invoices. Small businesses in particular are hit hard by slow-paying customers due to tight margins. Invoice financing is a form of lending that combats this frustrating issue. Business owners who find themselves struggling with long payment terms or slow-paying […]
For some business owners, merchant cash advances (MCAs) might seem like a quick fix for cash flow issues. But most MCAs are expensive, have unpredictable repayment schedules, and lack transparency between lender and borrower. Fortunately, there are plenty of alternatives to merchant cash advances—with better terms, lower costs, and more flexibility. Check out this guide […]
Many businesses rely on external financing to get the cash they need for growth. However, many businesses are considered high-risk borrowers, making it challenging to qualify for funding. A variety of factors could make a business high-risk and ineligible for standard loans, from bad credit to a lack of hard assets. In these circumstances, businesses […]
SBA loans can be a valuable way for businesses to get a much-needed cash infusion. SBA loans can be used for a wide range of purposes, such as purchasing real estate, inventory, and equipment, or to improve working capital. While there are several benefits of SBA loans for small business owners looking for a working […]
For many small businesses in need of funding, one of the best ways to get a cash infusion is through an SBA loan, which are somewhat different from traditional bank loans. Understanding key elements of an SBA loan—such as loan eligibility requirements, the different types of SBA loans, and even the pros and cons of […]
Loans from the Small Business Administration (SBA) can feel like your golden ticket to profitability. SBA loan terms are favorable and also offer competitive interest rates. However, SBA loans are notoriously difficult to qualify for, especially if you have bad credit. Your business might be too small to qualify, or you might not have enough […]
Small business growth is an important consideration for any business owner—especially since it can look very different for each company. For some, expanding a business simply entails increasing their customer base and potentially hiring a few additional employees to manage the extra workload. For others, the growth plan involves expanding to new cities or states. […]
For many new businesses, figuring out how to increase inventory while appropriately managing cash flow can be a major challenge. However, even in situations where acquiring a line of credit or other forms of funding isn’t possible, businesses can still obtain the necessary funding through inventory financing. Here’s a closer look at how inventory financing […]
Few things are more important for a business than ensuring it has enough funding for its operations, evidenced by financing difficulties being cited as the top reason why businesses fail. To maintain financial health and improve cash flow, business owners often turn to secondary sources to obtain additional funding, often through what is called non-dilutive […]
An ACH advance (also referred to as a cash flow loan or ACH loan) is a type of short-term small business financing. While ACH loans can be easy to qualify for, they often come with high interest rates and lower funding amounts. To help you better understand the costs associated with a cash flow loan, […]
A merchant cash advance is a small business financing option that provides quick funding but often comes at a high cost. We’ve put together a calculator to help you better understand how long it may take to pay off an MCA and how much it may cost. How to Use the Merchant Cash Advance (MCA) […]
You’ve probably heard of payday loans and want to know if businesses can also benefit from this quick financing option. While a popular alternative financing option, business payday loans come with their own set of challenges. Read on to get a better understanding of what a business payday loan is, its risks, and popular alternatives. […]
When it comes to non-traditional financing solutions, invoice financing and factoring are common alternatives to transforming your accounts receivables for quick funding. Both options are similar as they provide a cash advance for business owners to increase working capital and scale their growth. However, some differences exist between them, and in this article, you’ll explore […]
What Is Confidential Invoice Discounting? Confidential invoice discounting is a type of invoice discounting facility in which a discounting company provides a business with a loan secured against its outstanding invoices. With a confidential invoice discounting agreement, the discounting company will not disclose to the business’ customers that they are working with them, keeping the […]
Starting a new business presents many challenges, especially having insufficient capital. As a small business owner, you may not have enough money to start and grow your business. So you have to rely on others to provide you with capital. Individuals and organizations willing to finance your business will give you different terms, depending on […]
Whether traditional lenders have turned you down or you’re simply considering alternative lending options for an upcoming business venture, you’ve likely come across the term “hard money loan.” What is a hard loan, though, and is it right for you? What Is a Hard Money Loan? A hard money loan is a type of loan […]
A merchant cash advance (MCA) is an advance that a business can get based on its credit card sales. Once a lump sum of money has been deposited into your business checking account, the cash advance lender will get a percentage of your future credit card sales until the advance is paid off. In this […]
Starting and growing a business can be daunting if you lack the necessary resources, especially when it comes to raising money to fund your new company. Many hopeful business owners often wonder, “is it possible to raise money for a business without a loan?” Thankfully, the answer to this question is a resounding “Yes.” Every […]
According to a JP Morgan Index Report, the amount of working capital trapped in supply chains rose to 8% last year. We don’t know what this year holds, but you can prevent your company from being part of such stats through Fintech options like reverse factoring. You may have have heard of invoice factoring, or […]
Being a small business owner comes with plenty of ups and downs. The day-to-day machinations can be thrilling to take part in. It’s exciting to watch as your business chugs along, perfecting its craft and meeting the needs of the customers for whom you started this business in the first place. In the world of […]
One of the go-to loans for business owners that need cash quickly is a merchant cash advance, or MCA. But if you’re a small business owner who is short on cash and desperately needs funding as soon as possible, you might not have devoted the necessary time to thoroughly analyze the effects an MCA might […]
A merchant cash advance or MCA might look attractive to a small business owner who needs some quick cash. Revenue shortfalls or immediate expansion plans can create this need. Because MCAs aren’t technically loans, you don’t have to go through a traditional bank approval process. What is an MCA? MCAs give you an advance based […]
Just about every business will run into issues with available funds at some point. While intermittent cash flow problems are normal, particularly for growing businesses, it’s important to stay one step ahead by securing financing. However, what if you run a small business and can’t qualify for a traditional bank loan or line of credit? […]
Business owners always seek out ways to leverage their assets. One way to do so is by utilizing debt factoring — a specific form of financing designed to help partners and managers reach short-term business goals and obtain funding without a loan. Debt factoring is based on selling accounts receivables to a third-party debt factoring […]
Financing your business can be tricky. While there’s a wide breadth of lending options at your disposal, it can be intimidating to figure out how to sort through those options to determine which is best for your business. And for small businesses in particular, traditional options aren’t always attainable. For these business owners, asset-based lending […]
Cash flow is something most small businesses struggle with. Around 80% of small businesses have a hard time producing enough cash flow in their first five years. Sometimes you have the customers, but expenses are due, and you don’t have time to wait for unpaid invoices. Invoice discounting companies offer loans of up to 95% […]
It is often a struggle for entrepreneurs to find ways to fund their new business ventures. There are plenty of options, from traditional to unique. A popular and newer idea in business funding is crowdfunding. This method allows you to raise quite a bit of money without asking for a huge risk from those investing […]
The Paycheck Protection Program (PPP) offers much-needed relief for small business owners struggling to stay on top of costs during the pandemic. Unfortunately, not every entrepreneur managed to secure one of these loans. Hasty implementation and high demand for funds led to system crashes, processing delays, and other complications. If you fail to benefit, there […]
What can a small business do when it needs more cash to expand inventory? One option is purchase order financing, but it may not be the best choice for every company. It’s important to understand how the solution works before jumping into a deal. What is Purchase Order Financing? When a small business lacks the […]
For many businesses, qualifying for traditional financing can prove difficult, and it doesn’t help that banks have become increasingly strict when reviewing business loan applications in the post-COVID era. Thankfully, there’s a different form of financing that is much easier for certain types of businesses to qualify for – alternative lending. While just 13% applications […]
The rising popularity of invoice factoring as a no-fuss, no-muss funding source for businesses has spawned an entire industry of factoring companies offering a range of options to address the varying types, needs, and preferences of businesses. But factoring isn’t the only alternative financing solution you’ll come across – you’ll also see factoring companies offer […]
