Unlike a traditional small business loan, a merchant cash advance is NOT a loan. The basis for a merchant cash advance is the future receivables from a business owner who accepts credit cards or has other payment receivables that flow into the merchant’s account or accounts. Typically a small business can apply for and have…
In this day and age of cash flow issues due to the closure and suspension of many businesses, a merchant cash advance through Penn Commercial Capital may be the answer to payroll issues, needed business improvements, and other capital expense issues that you, as a business owner, may be experiencing. The purpose of this blog…
There are many reasons for a business to take out a small business loan, and many businesses do as part of their short- and long-term goals based upon their business plan. In fact, 43% of small businesses reach out to lenders for financing of some sort. As a small business owner, your circumstances are unique…
Many people are familiar with the U.S. Small Business Administration’s loan programs (SBA), as well as how helpful it can be for those with smaller businesses that might not qualify for traditional financing options. You might have even heard of the 7(a) or 504 loan programs, which fall under the SBA. This fact would come…
If you are in San Diego, small business loans are a practical and essential part of doing business, as they provide financing for expansion, hiring new staff, or just building capacity. There is a veritable laundry list of available loans for small businesses and help from the city of San Diego that your business could…
In 2019, the United States Small Business Association (SBA) guaranteed over $28 billion in loans to U.S. entrepreneurs. That is a lot of funding meant to help new businesses to open or small businesses to grow. If you require an infusion of cash for your business, there are several sources from which you can obtain…
The United States Small Business Administration (SBA) is working on overdrive to provide a variety of funding options for small businesses, particularly during the trying times of the COVID-19 pandemic. To counter these negative impacts, the SBA stepped up its loan programs significantly, providing businesses throughout the country with a much-needed financial lifeline. The agency…
Are you wondering how to get a small business loan? Are you paralyzed, wondering where to start and what you might even qualify for? If so, then you are in the right place. Keep reading to learn the first steps you need to take to get a small business loan. We outline the first four…
The right terms for your small business loan might vary from those of another business. Fortunately, you can find different small business loans to meet those needs, regardless of what those needs are or the amount you need to finance. However, that can make it hard to decide on the best business loan terms for…
If your business lived through 2020, you are acutely aware that small business financing is filled with unique challenges that can make it tougher growing to that next level. We previously covered some of these challenges here, but others are directly connected to your industry of choice. In the following article, we will be looking…