Posts Tagged ‘Small Business Working Capital’
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 owner…
Read MoreBanks vs MCA | Merchant Cash Advance
“Now that you signed all your assets to the bank, ” I am happy to lend you your bus fare home.” 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…
Read MoreThe 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…
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