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what is merchant cash advance consolidation

Is a Merchant Cash Advance Consolidation the Answer to Your Business Cash Flow Issues? It starts with a small merchant cash advance, which leads to another and then another until before you realize it, all of your business credit card sales are going towards paying off these debts. This practice of stacking merchant cash advance loans – or ACH – can quickly put your business into a downward spiral. One solution to help you get out of this cycle of business debt is a merchant cash advance consolidation. What is a Merchant Cash Advance? A business in need of quick ... Read More

top-5-business-challenges-2016

Fear is dominant in today’s economy from the volatility of the stock market to unknown/unwanted rules and regulations pouring down from the federal government to oil prices unexpectedly plunging, to the possibility of yet another recession around the corner. Fear can be debilitating and makes running your business that much more challenging. The best thing to combat fear is education and positioning yourself to be smart and ahead of the curve with your business in 2016 and beyond. 1. Government Risk & Regulations Running a profitable small business is hard enough, now add the ever-increasing government regulations that are constantly ... Read More

bad credit loan option

Your personal and business credit history is less than stellar. In fact, it’s just plain bad, at the same time your business needs financing for working capital. Your customers tend to pay their invoices slowly and you’re desperate for a bank loan. Business owners find themselves in this challenge for a broad range of reasons. You already know bank loans are not a possibility because lenders look to your profitability, cash flow, and credit history when applying for a loan. The good news is there is affordable working capital available to businesses with bad credit. Even With Bad Credit, You Can Obtain ... Read More

FAQ Accounts Receivable Factoring

It is not easy to make the perfect funding choice for your business. Getting financial assistance is one of the most important choices you make as a small business owner. It is essential to consider all the pros and cons and how it applies to your unique industry and financial situation. Here are the top 5 questions we get regarding Accounts Receivable Factoring: #5. How does AR Factoring Rates compare to MCA/ACH? A Merchant Cash Advance (MCA) or ACH loan much like Factoring is considered a short-term alternative financing option. While getting an MCA or ACH loan is often considered easier ... Read More

Cash Against Docs

If your company imports finished products, raw materials, or components into the U.S., you need to know about the Cash Against Documents (CAD) payment method. CAD is a process in which an importing firm must pay for goods it purchases in full before it takes ownership of those goods. The transaction typically involves a third party that retains possession of the shipping papers until it receives payment from the buyer. In recent years, Cash Against Documents transactions has been particularly important in importing goods from China, a major trading partner of U.S. companies. CAD financing can be used by businesses ... Read More

Large factoring company

If you’re a small business owner, your need for cash to meet working capital requirements is typically top-of-mind. When you use factoring to meet those requirements, you should consider the benefits of working with large, full-service factoring companies as opposed to a smaller, more limited factor. The evidence is clear that larger factoring firms, with greater financial resources and higher credit standing, typically provide both a broader array of services for clients as well as outstanding customer service. What Large Factoring Companies Provide A large, full-service factoring firm will do a full-scale credit history on your prospective customer companies and ... Read More

business-woman-debt

Merchant cash advance (MCA) and small business ACH loan companies are currently funding $3-5 billion a year and have a potential for $300 billion per year predict Tom Green of LendingClub. Private and publicly traded MCA companies such as OnDeck and IOU Central have become a dumping ground for Private Equity and Hedge Funds enticed by their high theoretical yields. Businesses are snatching up advances like candy and MCA/ACH companies are more than happy to oblige with astronomical fees. Steve Nicastro of NerdWallet wrote, “Total annual borrowing cost with all fees and interest included, typically ranges from 70% to 350%.” If you ... Read More

IRS debt lien loan

Myth 1: If no federal tax lien has been filed, my collateral is safe. Your collateral can be seized without notice. Many lenders don’t realize that the IRS doesn’t have to file a lien to issue a levy against your collateral. In fact, less than 40% of IRS liabilities currently have liens filed in the public record. Using public records search to assess your risk is understandable, but not nearly enough to protect you from your true IRS risk. The bottom line is, you are not protected unless you know for sure that your client doesn’t have outstanding federal tax ... Read More

import financing

As China devalues its currency, cheaper Chinese imports are creating strong opportunities for United States importers. At the same time, with a growing middle class, China is now the third largest US export destination just behind Canada and Mexico. US exports to China have increased 198 percent over the past 10 years, higher than any other country, stated the US-China Business Council in its 2015 annual report. As China shifts towards a consumer-driven growth model, the world’s factory of today will become the world’s largest importer and the world’s market in the next decade. Trade and financing go hand-in-hand with approximately ... Read More

footwear import financing

The global footwear market totaled about $200 billion in 2014, and will grow to about $220 billion by 2020, according to a recent report from Transparency Market Research. That will translate into about 11 billion pairs of shoes, boots, casual and athletic footwear by 2020. Athletic and performance footwear has been dominating the growth in this industry, with online sales growth compensating for declines in in-store sales for some categories of footwear. These trends are expected to continue in the years immediately ahead. If you are a footwear importer or distributor, you, of course, want to take advantage of the ... Read More

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