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Why Every Small Business needs an Alternative Funding Action Plan?

Why Every Small Business needs an Alternative Funding Action Plan?

Why do you need an alternative funding action plan for your small business?  Credit is tight on main street.   Those too big to fail banks and corporations are swimming in cash.  Most of the money is held with a stronger grip than scrooge or is stashed away offshore to avoid the punitive 39% corporate tax, the highest in the world.   What is a small business to do when it needs working capital?   

Blindbid always advises to start with your bank.   Even if you don’t need money right now, pretend that you do.  The economic  situation will not change much ...


Crowdfunding Legal by 2020?

Crowdfunding Legal by 2020?

The US government passed the Jobs Act in the Spring of 2012.   Equity Based Crowdfunding was supposed to be legal by the Spring of 2013.  By rule, the SEC was required to issue the equity based crowd funding regulations by the beginning of 2013.     The SEC has been dragging its feet.  It is not really clear when crowdfunding for shares will be legalized.

A recent Forbes article outlined a ten point scenario that the earliest would be by January 2014.   That is if the SEC were actively working on getting crowdfunding regulations and policies done.  The SEC has other priorities ...


Top Three Ways to Get Funding

This is Dana Barrett with Blindbid.com, where we help small merchants get a better deal.  Today, I’m going discuss the top 3 ways to get funding for your business. 

The first is the most traditional, a bank loan.  Bank loans are the least expensive option, but also the hardest to get.  Most loans require some sort of collateral, unless you opt for a line of credit.  But many small businesses have seen their lines of credit slashed or pulled.   And if you have a bad credit score, most banks are refusing to lend money.  

Credit cards have been ...


Merchant Cash Advance: Part 4

Part 4 – Merchant Cash Advance How to Find Reputable Companies and Avoid Pitfalls

In parts one and two and three, I talked about what a merchant cash advance is, what the qualifications are, and  how it works.     In this segment, I will cover how to find a reputable cash advance company, and what pitfalls to avoid.

If you want to find a reputable merchant cash advance company there are several ways to do it.   I highly suggest that you get multiple quotes.  There are several reasons for this. The two most important reasons are you want to find a provider ...


Merchant Cash Advance: Part 3

Part 3 – Merchant Cash Advance How It Works

In parts one and two, I talked about what a merchant cash advance is and the qualifications.   In this segment, I will cover the cash advance payback, the payback period, the factor, the factor fee, and the daily retrieval rate.

So, your business has been approved for a cash advance.  In most cases, you will receive up to 100% of your monthly credit card processing volume or your monthly sales volume.  The total amount will vary from provider to provider.  The standard is 100% of your monthly credit card processing volume. So ...


Merchant Cash Advance: Part 2

Part 2 – Merchant Cash Advance Qualifications 

In part one, I talked about what a merchant cash advance is.  In this segment, I will cover the merchant cash advance qualifications.

A cash advance provider will look at your monthly sales volume and your monthly credit card processing volume to determine maximum advance amount.  Typically, the advance amount is equal to your monthly credit card volume and sometimes your monthly sales volume.  The providers use your credit card volume as proof of sales.  You can submit bank statements if you want to go the ACH route or if you want a bigger ...


Merchant Cash Advance: Part 1

Part 1:  What is a merchant cash advance?

This is Dana Barrett  with Blindbid.com, where we help small merchants get a better deal.  Today, I’m going to discuss Merchant Cash Advance:  Is it right for your business?    This is the first part of a four part series. 

More and more businesses are turning to alternative forms of credit, because banks are not lending.   A recent study by Pepperdine University revealed that 60% of small business bank loans were denied in 2011.   To pick up the slack, private capital providers have stepped into the market.   

Cash advances are not ...


Should your business accept a merchant cash advance? Part 4

Part four - Merchant Funds Advance The way to find Respectable Firms and keep away from pitfalls

In parts one particular and two and a couple of, I talked about what a merchant dollars progress is, what the qualifications are, and how it operates. During this segment, I will address tips on how to uncover a reliable income advance company, and what pitfalls to avoid.

In order for you to get a reliable merchant money progress enterprise there are many tips on how to do it. I really recommend you get several quotes. There are many causes for this. The 2 ...


Should your business accept a merchant cash advance? Part 3

Part  3 - Merchant Cash Advance: How it Works

In sections two and three, I talked about what a merchant money advance is and also the qualifications. Within this section, I'll cover the hard cash progress payback, the payback period of time, the aspect, the issue price, as well as the daily retrieval fee.

So, your online business is authorized for the money advance. Usually, you are going to receive approximately 100% within your regular monthly credit score card processing volume or your regular monthly profits volume. The whole amount will range from supplier to provider. The regular is 100 ...


Should your business accept a merchant cash advance? Part 2

Part two - Merchant Funds Advance Qualifications

In part one particular, I talked about what a merchant money progress is. With this segment, I'll cover the merchant dollars advance qualifications.

A hard cash advance provider will take a look at your per month profits quantity along with your month-to-month credit rating card processing volume to determine highest possible progress amount. Commonly, the advance number is equal in your regular monthly credit score card quantity and sometimes your per month income quantity. The companies use your credit card quantity as evidence of sales and profits. You may submit lender statements if ...


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