Running a business is often an all-consuming endeavor. But while hopes are often high among entrepreneurs, the fact is that many businesses struggle. According to the Small Business Administration, 50% of small businesses fail in the first five years. Even if you’re still around, you may have needed to turn to high-interest debt like merchant […]
As a small business owner, sometimes taking on debt is necessary to grow your business. However, you don’t want to accumulate too much debt, or take on certain types of high-interest debt that could actually harm your business. Otherwise, your cash flow and revenue—and ultimately the business itself—can suffer. If you’re interested in reducing your […]
As a small business owner, you may be willing to take risks that the average person might not. And it can feel like your personal and business life often overlap. But the last thing you want is for your business to negatively impact you personally. It’s important to know how to protect your personal assets […]
When your business struggles, you may be tempted to find the quickest and easiest way to get working capital. But beware of financing options that sound too good to be true. Merchant cash advances (MCAs) are one example of an option that business owners may turn to when they’re to get out of financial trouble. […]
Merchant cash advances can provide quick and easy cash for small businesses that have ongoing sales but need cash right now. But like any other form of financing for your small business, there are both benefits and drawbacks to using a merchant cash advance (MCA). Understanding merchant cash advance pros and cons can give you […]
If you owe money on a past-due debt for credit cards, auto loans, or something else, you may be the target of debt collector scams. These scams typically include harassment and threats of all kinds. However, the supposed debt collectors balk when you try to get the information you’re entitled to by law. If you’re […]
With the cost of running a business rising, many entrepreneurs are turning to merchant cash advances for additional capital. But can you write off a merchant cash advance on your taxes? Whether you’re considering taking out an MCA or already have one, it’s important to understand how they affect your business and, ultimately, your taxes. […]
“Should I pay the debt collector or original creditor?” That’s a question many people ask when they owe money but aren’t sure how to resolve the debt. If you have unpaid debt and collectors are calling you day and night, you might be wondering if it’s better to pay them or the original creditor. Read […]
Dealing with a large amount of debt can be stressful and confusing. That’s especially true if one or more debts have been sent to collections. Delinquent debts will harm your credit score and cause collectors to call you day and night. But before you can resolve the problem, you might need to know how to […]
Financing your business can be a daunting experience. Not only is it difficult for small business owners to obtain financing, especially for new businesses, but it can also be stressful if things don’t go as planned and you struggle to repay what you owe. Small business loan default can occur if you go too long […]
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