Strategic Funding Source is an online funder of small businesses. Their flexible term lengths, and the ability to borrow fairly large amounts can be helpful to larger businesses. Be cautious of their nearly complete lack of transparency.
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IOU Financial is a short-term lender serving small businesses. If you’re going the short-term, non-traditional lending route, IOU has relaxed credit score requirements. Be prepared, however, for some additional fees.
Pros Relaxed credit score requirements 2-7 days time to funding Cons High factor rates Some additional fees Overview Everest Business Funding is a Florida-based merchant cash advance (MCA) alternative funder serving small businesses. Like similar companies, it provides short-term capital for businesses that may have difficulty qualifying for traditional lending. Overall, Everest strikes me as a fairly […]
Yellowstone Capital provides non-collateralized funding to small businesses through their ISO (Independent Sales Organizations) partners. Their shockingly high rates, lack of transparency, and inconsistent customer service makes them not worth considering unless you’re completely out of options.
The PayTrace gateway is a great product with solid features. While options such as support for recurring billing and a customer information database are standard features on most gateways, PayTrace’s ability to process Level III credit card data sets it apart from many of its competitors. It’s a particularly handy feature for B2B merchants.
National Funding is a lender that provides funding to small businesses that cannot yet get a bank loan. It provides reasonable rates for an alternative lender as long as you fall on the lower range of its factor rates and origination fees.
To repay your loan in a timely manner, it’s important to know whether or not your payments are fixed or variable, how often you have to repay, and how repayments are made. In this post, we’ll break down all the elements involved in paying back a business loan.
Adyen is an international merchant account provider known for its big-name users, including Microsoft, Pinterest, eBay, Uber, and Spotify. Impressed yet? It’s hard not to get a little starstruck, but we didn’t want to let that sway our non-biased approach. You’ll find that as a small business owner, you may have some things to be cautious about, and we’ll tell you why in this review.
Host Merchant Services offers a full range of products and services for just about any type of business.
Headway Capital offers business lines of credit to qualified merchants. Headway Capital might be convenient for merchants who need a small credit line to capitalize on business opportunities or other working capital needs. Be cautious about the high APR and additional fees.