Small business owners searching for a merchant cash advance (MCA) or short-term business loan (STL) are often surprised to learn—after the fact—that their capital has come with a very high effective annual percentage rate (APR). The fact that your merchant cash advance might have an effective APR of, for example, 150% can be a big surprise. After all, that’s a very […]
Merchant cash advances (MCAs) and short-term loans (STLs) are an easy way for merchants to borrow cash for business purposes. Although these types of financing often get a bad rap, many legitimate business funders offer merchant cash advances and short term loans. However, because these types of funding are still relatively new and often misunderstood, some […]
When an emergency strikes, a sense of panic can quickly set in. With the clock ticking down, you don’t always have the time to make the best decisions; you need money fast. It might be tempting to shake the first hand offering you money, but before you jump into a situation that could quickly escalate […]
You made a plan. It was a good plan. It was practical and well thought-out; it accounted for all expected hurdles. But then something happened that you weren’t expecting and you don’t have the funds to cover it. Now you need an emergency loan. The good news is that you’re not alone. In fact, your […]
PayPal Working Capital loans are a convenient and relatively low-cost way for merchants who use PayPal to borrow money. Applications are short, repayment is automatic, and fees are normally very low. Unfortunately, merchants report being denied this service, often without a clear explanation as to why. While some merchants report success after waiting a few days and reapplying, some […]
You may have heard about a new craze sweeping the small business world: rapid funding for small businesses with steady cash flows but poor credit. Online funders now offer cash advances to a broad swath of small businesses that would historically have had a hard time qualifying for a business loan for a bank. But, […]
Have you been thinking about getting a merchant cash advance (MCA)? Perhaps you’ve seen some fancy ads promising fast approval, easy qualifications, and funding within 48 hours. The good news is that those aren’t pie-in-sky targets. It is, indeed, possible to get your money that quickly and easily. The bad news is that there are […]
Square Capital loans are, understandably, beloved by most Square users. For the most part, Square has streamlined the typically long, drawn out, and inconvenient loan process. With a Square Capital loan, you don’t have to spend time filling out long applications, gathering various documents, and remembering to write checks. It’s no wonder Square Capital is one […]
Did you know that you can be approved for thousands of dollars of funding within 24 hours, even if you have poor credit? It’s true! Though, odds are, if you have a small business and an internet connection, you know this already. That’s because the merchant cash advance funding industry has blown up over the […]
Perhaps you’ve heard of merchant cash advances(MCAs) and are wondering if they’re right for your business? Like most financing conundrums, it’s a question without an easy answer. However, it is possible to sketch out a theoretical company that could benefit from a merchant cash advance. What Is a MCA? Generally speaking, a merchant cash advance […]
