Merchant Cash Advance Tips

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 stipulated. Ask your merchant cash advance provider these questions, but always confirm by reading the contracts. This is good... [Read More...]

TARP Money for Small Business Loans

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 credit for small businesses with up to 25 employees offering health insurance to staff. [Read More...]  Read More →

Small Business Owner Declined Bank Loan

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 has had growing sales over the past year. // < ![CDATA[ google_ad_client = "pub-1997056077302870"; /* 300x250, created 5/3/10 */ google_ad_slot... [Read More...]

Government Bails Out Corporations – Small Businesses on Back Burner

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 such as Citigroup Inc. and General Motors received a whopping $50 billion. [Read More...]  Read More →

Banks Continue to Tighten Lending

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 limits 3)      Increase in interest rates 4)      Increase in... [Read More...]

High End Retail Stores Slash Stock to Artificially Create Demand

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 slash prices of merchandise in order to sell them.  This year, however, high end companies such as Saks and Neiman Markus have a... [Read More...]

Best Ways to Invest this Upcoming Holiday Season

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:  Merchant’s who have fallen behind in inventory won’t have the amount of supply to meet the demand. ... [Read More...]

Homeowner in Philidelphia Suburb Faces Eviction

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, as the contractor went bankrupt.  Mr. Hall has not been able to make a mortgage payment for over a year, and now his lender, Bank of America is... [Read More...]

KIA launches Plant in West Point Georgia

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 is currently in the process of hiring the second round of 1,200.  All in all, the plant is expected to hire... [Read More...]

Debt Consolidation

There are many solutions for small business owners and merchants to consolidate debt. Merchants often have to work with seasonality, and in those down times they can get behind on bills and vendors. One way merchants can consolidate their debt is by using a merchant cash advance to pay off those high interest credit cards. Instead of making multiple payments, its much easier to be able to pay off all those bills, and just make one automatic payment. There... [Read More...]