In A Pinch For Cash? A Merchant Cash Advance Worked For This Business

With $700,000 invested from his partners and a healthy investment of $500,000 of his own, Brian Benson figured he had the financing  of his restaurant knocked.  But as construction dragged on, and costs for site plan revisions mounted, his 3,000 sqft restaurant, The Yucaton Taco Shack, ran $80,000 over the original budget. Budget overruns sucked away from the operating cash Brian had set aside.  From the September 2011 open, business...

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Should The SBA Get Out Of The Way For Alternative Lenders?

Should The SBA Get Out Of The Way For Alternative Lenders?   By far the #1 complaint you hear from small business owners is the difficulty in obtaining working capital to operate or grow their business.   Main stream community bankers are continually moving farther upstream searching for more lucrative business deals in an effort to compete with their bigger rivals.  But this has lead to a shortage of...

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A Merchant Cash Advance May Be A Good Alternative For Small Business Financing

Often new businesses or a rapidly growing business can have trouble accessing operating capital to sustain their growth.  In such cases traditional bank loans are often not available do to credit ratings or collateral.   But a merchant cash advance is not a traditional loan.  In fact, it is not considered a loan at all.  It is a purchase of future sales paid in advance for a fee. Since the beginning of the...

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