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Archive for the ‘Merchant Cash Advance’ Category

Short-Term Loans, Merchant Cash Advances, & APRs

Small business owners searching for a merchant cash advance (MCA) or short-term business loan (STL) are often surprised to learn that their capital has come with a very high effective annual percentage rate (APR). The fact that your cash advance might have an effective APR reaching into the triple digits can be a big surprise. After all, that’s a very large number. […]

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Jan 8, 2018 Filed under: Business Loans, Merchant Cash Advance 5

The Merchant’s Guide to Short-Term Loans

Short-term loans are a relatively recent addition to a merchant’s arsenal of business loan options. Introduced in the last decade or so, short-term loans are similar to traditional installment loans, but fees are calculated a little differently. These loans are useful for a lot of merchants, but also have some characteristics which might make them […]

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Jan 8, 2018 Filed under: Merchant Cash Advance 0
merchant cash advance industry

What Is A Merchant Cash Advance?

If your business needs money, but doesn’t qualify for a traditional loan due to poor credit scores or a short business history, you aren’t out of options quite yet: a merchant cash advance (MCA) provider might be willing to advance you money—and fast. Unfortunately, many financial professionals warn against using this type of financing; the […]

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Jan 3, 2018 Filed under: Merchant Cash Advance 4

Are Alternative Funders Abandoning Merchant Cash Advances?

By now, if you’ve looked for financing online, you’ve probably come across advertisements and sites offering merchant cash advances (MCAs). In fact, there’s even a good chance you’ve encountered some cautionary tales about them. You may have even heard rumors that alternative funders are abandoning MCAs entirely. What is clear is that the industry is […]

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Oct 11, 2017 Filed under: Business Loans, Merchant Cash Advance 0
alternative small business financing

10 Types of Alternative Financing for Small Businesses

Small business financing is notoriously difficult to procure. Most bank loans require that the applicant have stellar credit and 2+ years in business – and even then, there’s no guarantee you’ll get a loan. According to Biz2Credit, big banks approved less than 25% of all small business loan requests in March 2016, while smaller banks […]

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Sep 26, 2017 Filed under: Business Loans, Equipment Financing, Invoice Factoring, Merchant Cash Advance, Peer-to-Peer Loans 0

Hard vs. Soft Credit Inquiries

Having good credit is a very important factor to getting a business loan. The higher your credit, the more loans you’ll have access to, and the better rates you’ll be offered. Frustrating as it may be, applying for a business loan (or other sources of funding) can have a negative effect on your credit. Knowing […]

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Sep 22, 2017 Filed under: Business Loans, Merchant Cash Advance 0

The Best Small Business Loan Resources

When it comes to loans, we like to talk a lot about comparison shopping here at Merchant Maverick. And while we provide a lot of handy information here, it’s best to consider our website as just one of many tools in your box. So what are some the best small business loan resource you can […]

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Sep 19, 2017 Filed under: Business Credit Cards, Business Grants, Business Loans, Crowdfunding, Equipment Financing, Invoice Factoring, Merchant Cash Advance 0

Factor Rates: Everything You Need To Know

When searching for a business loan, you might come across loans that do not have interest. Don’t get your hopes up—you still have to pay fees. The difference is, the fee is calculated using a factor rate, not an interest rate. Factor rates are often used on short-term financial products, such as short-term loans and […]

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Sep 19, 2017 Filed under: Business Loans, Merchant Cash Advance 0
bad credit startup loan

Don’t Let Bad Credit Stop You From Getting A Startup Loan

Few things in life feel as good as a fresh start. This is especially true when you’re launching a new business and are full of enthusiasm to start making your dream a reality. But if you’ve been through some financial hardships that have left your credit score battered and bruised, a fresh start can be hard to come […]

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Jul 24, 2017 Filed under: Business Loans, Invoice Factoring, Merchant Cash Advance, Peer-to-Peer Loans 1