Tag: alternative lenders
survive recession

How to Get an SBA Economic Injury Disaster Loan

Due to the disruption of small, medium, and large sized businesses in the wake of the COVID-19 response, the Small Business Administration is offering Economic Injury Disaster Loans. These loans are working capital injections that aim to help business owners pay debts, meet payroll, accounts payable,…

Predatory Lending During a Global Crisis

If your inbox is anything like ours, you are probably receiving updates from any business partner you have ever worked with. These updates are saying things like “we are still open during this crisis” or “we hope you stay healthy” or “please reach out if there…

Business Funding: Is the Cure Worse Than the Disease?

COVID-19 has thrown all small business owners into a panic. 75% of small business owners have 28 days or less of cash reserve. An indefinite shutdown of business is terrifying when that’s the case. I am a small business owner. I know the fear of losing…

importance of working capital management

How to Improve Your Business Cash Flow

There are so many reasons why you need to improve your business cash flow. It takes money to make money, so you need to have cash on hand to afford supplier costs, labor costs, overhead, and marketing. When it comes to growing your business, you need…

working capital management

What is Working Capital?

Working capital is the lifeblood of small businesses. You may be making sales and growing revenue, but how does that translate into profit? This is where your working capital and ability to grow without cash flow problems can translate to profit. Having more liabilities than assets…

What are some things to look out for with small business funding?

Business financing comes with a lot of options and lots of benefits and costs to your small business growth. When comparing financing options there are a few critical areas to examine. Overlooking this step in researching your future financing partner may lead to unfavorable financing that damages…

Loan Image

Pros and Cons of Working Capital Loans for Small Businesses

Working capital loans in Kennesaw, GA, allow your company to have the cash flow it needs for staff, inventory, growth, and other business expenses. This short-term loan is usually very beneficial, but as with any loan, it’s important to know the benefits as well as some…

Growing Your Business in 2020 | #TheMoneyFactor

Assess how the business performed in 2019 Prepare an updated business plan for 2020 Involve your staff in setting goals for the year Prepare a simple financial forecast, to include estimated revenue Make sure you have enough money to do what you need to do Review…

miss mca repayment

What Happens if You Miss an MCA Repayment?

Missing a repayment on an MCA may seem like the end of the world. Many cash advance companies structure their repayments to be daily or weekly. This will drain a small business’ cash flow and make it harder to make the repayments over time. What does…

paying on credit terms

What Is Invoice Finance?

What is invoice finance? Why choose invoice finance? Who offers invoice finance? How do you set up invoice financing? What is Invoice Finance? Invoice financing, or invoice factoring, is a way to fund your business besides a bank loan. In essence, invoice financing gives immediate payment…