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A merchant cash advance is an excellent alternative funding source to add to your current mix of loans, lines of credits, credit cards and personal financing. Businesses like them because of the simplicity in securing capital. Capital advance providers typically don’t ask for a business plan, and they usually do not require collateral. Your credit score does not have to … Read More
Sorry, But Your Business Doesn’t Qualify For A Merchant Cash Advance
Merchant cash advances have been gaining in popularity as an alternative lending source to small business as credit remains tight. Big players like Amazon and American Express are getting into the business. Many businesses that have used a merchant advance in the past use the product over and over to even out cash flow. But some businesses have nothing good to … Read More
The Daily Deal – Friend Or Foe Of The Small Business?
Groupon. LivingSocial. Gilt Groupe. There are few advertising options that garner as much praise and poison at the daily deal provider. They’re heralded as traffic generators in one breath, and small business destroyers in the next. What is their attraction? The most obvious benefit to the daily deal is traffic generation. Overall, almost 80 percent of daily deal traffic comes … Read More
Restaurant Expense Cuts That Cost You Customers
$1.8 billion. That’s the typical sales for the entire restaurant industry on any given day in 2013. That sounds like a lot of money doesn’t it. But as a restaurant owner or manager, you know the truth – restaurants are high-expense businesses. Full-service restaurants typically pull in margins of only 2-5 percent. According to the 2010 Operations Report by the … Read More
Five Expense Management Strategies to Help Manage Cash Flow.
Last week we discussed the first part of this equation, how to make money, or more specifically, how to bring in the money faster. Now let’s take a look at the other side of the equation – expenses, or more specifically, how to pull out money more slowly.
Four Strategies To Improve Incoming Cash Flow.
Cash. It’s the blood in your business’ veins. It’s what keeps your company going. You need to take in some money, and you need to put out some money in order to run a successful business. Now there are a lot of complicated explanations of cash flow management, but we’re going to simplify it for you: You need to take … Read More
Get Money And Make Money For Your Business.
Nothing beats running your own business. You’re the boss. Your destiny is in your own hands. But once business starts to take off, so do your expenses, you take on more staff, diversify your products and enter new markets – which translates into payroll, buying inventory or new equipment, marketing, renovations, real estate, licensing and more. All of these expenses … Read More
First Class Funding – The Value of Convenience.
Let’s cut to the chase and talk about the ‘negatives’ regarding a merchant cash advance. The biggest objection is price – a merchant advance is expensive money. We’re not going to dispute this fact, at least not for our product; rather we want to tell you what you’re paying for – convenience. • When you want to go from Chicago … Read More