We understand that nobody wants to default on their payments and if they do it is because they are having serious financial troubles. You are not alone, believe me. In the past 2 years merchant loan defaults have gone up more than 300 percent. If they had gone through a bank, chances are that they would have had to put up some form of collateral to get their loan. If that’s the case, then you [...]

There have been many positive reports recently about consumer confidence and consumer spending. Yet for some reason, the banks are still refusing to loan money. I can understand why they would be apprehensive about loaning to people with poor credit; but even business owners with excellent credit are being turned away. What is happening right now is that many merchants are finding it difficult to capitalize on the increased consumer spending.  Without working capital, merchants [...]

In October 2008, the Troubled Asset Relief Program was created.  Through this program $700 billion dollars was allocated to “bailout banks.”  However, according to President Obama, the TARP program has been less expensive than expected and there are funds leftover.  The Obama administration recently announced plans to use these funds to help small businesses add staff and grow, among other things. In the meantime, small business owners still have access to merchant cash advances, an [...]

More good news comes out offering promise of an economic recovery.

This credit crunch has been one of the most damaging aspects of the economic crises.Without access to working capital, our economy is going to continue to suffer.