Myth #1: Merchant Cash Advances Should Be an Eleventh Hour Move While these types of advances can certainly help a struggling business that may not be able to secure a strict, traditional loan; that is not it’s most popular use.  Successful businesses who want to get ahead often use merchant cash advances to buy new inventory, expand their business or implement some fresh marketing techniques.  In most cases, it is the businesses that are looking [...]

Yesterday the Huffington Post published AP reporter, Joyce Rosenberg’s, 5 Concerns for Small Businesses in 2013 and lending was one of them. To quote the article, “…those who are ready to borrow are expected to find it’s still hard to get a loan. Bankers are unlikely to be more liberal in their lending policies. ‘Depressed lending levels may be with us well beyond 2013,’ says James Schrager, a professor of entrepreneurship at the University of [...]

The financial panorama has been bleak lately, with a rising national debt, rising costs, and tighter loan policies. Perhaps in an effort to prove its usefulness, the Small Business Administration (SBA) has published a list of successful companies that started off with an SBA loan. These companies encompass vastly different industries, from courier services to IT to biotechnology, and there are more than a few names that you might recognize. In the computer software field, [...]

Today is the beginning of  “Small Business Week.” Many companies, banks, and agencies are offering special deals for small businesses such as discounts and prizes. The Small Business Administration (SBA) says, “every year since 1963, the President of the United States has proclaimed National Small Business Week to recognize the contributions of small businesses to the economic well-being of America.” Did you know that over half of Americans work in a small business? Indeed, as [...]

The old saying “location, location, location” was never truer than in the case of small business. There are different factors that can influence the location of a business, including: Rent & utilities Size & distribution of building Type of business Number of employees Choose a bustling location in a metropolis and pay hefty rental fees for a small space; or rent a space in a suburban or rural area, and score a larger space but [...]