Here are a few tips to consider when entering a merchant cash advance agreement: 1. Read the contract – Always, and I repeat, always fully read the entire contract including the fine print. As business owners, you are very busy, but do not sign anything until you have read the contracts and fully understand everything… [Continue Reading]

U.S. Senator Benjamin L. Cardin proposed a bill that would provide direct loans to small businesses.  The bill proposes to use $20 billion in TARP money on small businesses.  TARP program was initiated by the Obama administration and is largely accredited with saving large US banks from bankruptcy.  The bill would also create a tax… [Continue Reading]

Yet another example of a small business owner who was declined by her local bank this December, Hope Gillerman was denied a $100,000 bank loan from Park Avenue Bank. Ms. Gillerman owns a small business which sells aroma therapies in Union Square New York City. Her company has yet to show a profit, but she… [Continue Reading]

Despite the fact that small businesses comprised 65% of the new jobs in the United States in the last fifteen years, employ half of the United States workforce, and account for over 30% of the nation’s exports, they have received less than $400 million of the Obama administration stimulus loans while a few large corporations… [Continue Reading]

The Federal Reserve issued their findings in a quarterly report on November 3rd, 2009, that banks are continuing to tighten their lending criteria to businesses and to individuals.  Banks have done this primarily in four different ways: 1)      Criteria for receiving loans and credit cards are higher for existing and new customers. 2)      Reduction in credit… [Continue Reading]

Saks Fifth Avenue and Neiman Markus have been cutting inventory this year in order to bounce from last year’s disastrous amounts of excess merchandise that was sold at up to 70% of retail price.  The consumer market was hit so hard, that stores were still overstocked by the end of seasons and were forced to… [Continue Reading]

Whether you are a restaurant, a retail store, a floral shop or a contractor, you are definitely looking to take advantage of the upcoming holiday season.  Here we give some general tips of how merchants can use their business cash advance to expand and take advantage of the increase in consumer traffic. 1)      Purchase inventory: … [Continue Reading]

Christopher Hall, a homeowner of many years, faces foreclosure on his home  where his grandfather and mother lived.  It was the home Mr. Hall grew up in and the home in which he raised three children as well.  In August 2008, Mr. Hall was laid off from his roofing job along with forty other employees,… [Continue Reading]

The textile industries packed up and left West Point Georgia years ago, and what was once a bustling factory town quickly became a ghost town.  That is until today, as the first SUV’s rolled off the factory line from Kia’s new plant.  The new Korean automaker’s factory has already hired its first 1,200 employees, and… [Continue Reading]