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 […]
Merchant cash advances are a short-term form of business financing. In this merchant cash advance FAQ, you’ll learn about how they work, the repayment terms you’ll want to watch out for and how to protect yourself and your business from predatory practices. How Do Merchant Cash Advances Work? A merchant cash advance, MCA for short, […]
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 […]
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 […]
If you’ve been contacted by a debt collector about a debt they claim you owe, you may start fearing the worst. You may wonder, can debt collectors take you to court, even if the debt doesn’t belong to you or you’re not obligated to pay? And how often do debt collectors take you to court […]
A merchant cash advance is an alternative financing option for small business owners, particularly those that don’t have a good enough credit history or haven’t been in business long enough to qualify for traditional business financing. But while a merchant cash advance may have an easy approval process, the cost might not be worth it. […]
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