Archive for August 2020
The current state of businesses during the COVID 19 pandemic and the Cares Act of Paycheck Protection Program, Economic Industry Disaster Loan, and The Main Street Lending Program
Since the COVID 19 Pandemic began, many industries have become prohibited in lending such as bars, restaurants, gyms, or any other business where many people gather. The way the United States has operated has completely changed. Many people are staying inside, and it is mandatory to wear a mask everywhere you go. This has narrowed…Read More
The Benefits of a Merchant Cash Advance
Over the years merchant cash advances have built a reputation of desperate business owners looking for money with high-interest rates. But this is far from the truth, as it all depends on your profit margins and your plans for utilizing the deployment of the working capital. The common misconception is the high-interest rate over 6-12…Read More
How to grow your business with working Capital
To increase total capital of your business’s net worth, increase the working capital. This is the amount of money available between assets and liabilities. When there is a proven track record of successful revenue creating processes, many business owners find it useful to borrow money to fund expansion of their operations. Going to open…Read More
How Joshua Triplett Principal Managing Partner of VIP Capital Funding Helped Business Owners Obtain Over $100MM and Helped His Group Of Talented Consultants Thrive
Joshua Triplett has been in the financial industry for almost 7 years and has a plethora of knowledge in guiding small business owners toward the right solution. He first analyzes the business owners short term problems and creates a long term solution. The competitive advantage that he holds in the industry is by having a…Read More
You wouldn’t go to court with a cheap attorney or a public defender, then you shouldn’t go and try a get a business loan without a good broker/consultant.
A good broker or financial consultant knows his or her industry to a T. The broker will do all the heavy lifting for you while you’re out helping to strengthen your business. A good broker you can trust will always present you with the best solution long term. The broker will know just off a…Read More
How Merchant Cash Business Loans Are More Beneficial for Small Businesses than Bank Loans.
First, breaking down interest rates and repayment Merchant Cash Advance On average you will see factor rates on MCA’s between 1.25-1.499. For simplicity matter that is 25%-49.99% Interest rate. That may sound like a lot, and it is a lot for the personal consumer who is paid hourly or salary. But for a business…Read More
The value in having a good broker or consultant working for you in obtaining a business loan.
Analogous to having a good broker or consultant work for you is like having a good lawyer represent you in court and not a public defender your chances are slim without a good lawyer. Another example is an athlete without a sport’s agent who can negotiate and find the best contract for the athlete otherwise…Read More
Banks vs MCA | Merchant Cash Advance
When you have a merchant who is trying to compare a bank loan to a cash advance us these sales tools to help the merchant understand they are comparing apples to oranges: -A bank loan will allow interest to write off, whereas an advance allows a loss write off, why? We are advancing the merchant based on their future…Read More