Government Shutdown Means Access to SBA Loans Limited

Steve O'ConnorCapital Advance, Funding Options, Merchant Cash Advance, Small Business FinancingLeave a Comment

When the Federal government shut down on October 1, 2013, “non-essential federal employees” were furloughed—meaning they could not go in to work. And while many Americans don’t necessarily feel that effect on a day-to-day basis, small business owners who were considering SBA loans will definitely see the impact.

Merchant Cash Advance – Understanding Repayment.

Steve O'ConnorCapital Advance, Card Processing, Cashflow, Merchant Cash AdvanceLeave a Comment

There’s a lot of press out there about merchant cash advances – both good and bad. One of the biggest factors that may determine if a merchant cash advance is good for your business is being educated about the product. There are many types or merchant cash advances with slightly different features. As a business owner, you need to understand … Read More

Why Your Business Should Accept Credit Cards.

Steve O'ConnorBusiness Operations, Card Processing, Small Business TrendsLeave a Comment

As a business owner, you may sometimes wonder if accepting credit card payments are worth the cost. After all, it does add to your expense column. You have to buy or lease the card processing equipment, you may need to change your accounting system, you need to train employees on how to handle payment, validate identification and prevent fraud, and … Read More

Good Business Investments For A Merchant Cash Advance.

Steve O'ConnorBusiness Operations, Capital Advance, Cashflow, Funding Options, Merchant Cash AdvanceLeave a Comment

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

Steve O'ConnorBusiness Operations, Capital Advance, Cashflow, Funding Options, Merchant Cash AdvanceLeave a Comment

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