Merchant Lenders http://merchantlenders.ca Quick & Easy Financing Tue, 21 Mar 2017 17:40:49 +0000 en-US hourly 1 https://wordpress.org/?v=4.7.3 Small Business Lending in Canada (Infographic) http://merchantlenders.ca/small-business-lending-in-canada-stats/ http://merchantlenders.ca/small-business-lending-in-canada-stats/#respond Thu, 16 Feb 2017 09:44:25 +0000 http://www.merchantlenders.ca/?p=1195 Merchant Cash Advance Infographic The merchant cash advance lending scene in Canada is a blossoming industry. As large Canadian companies like Shopify begin to launch their own lending arms and as small businesses continue to look for funding to grow, it is more important than ever to shop around to find the best deals. Traditional funding […]

The post Small Business Lending in Canada (Infographic) appeared first on Merchant Lenders.

]]>
Interesting stats on small business financing in CanadaMerchant Cash Advance Infographic

The merchant cash advance lending scene in Canada is a blossoming industry. As large Canadian companies like Shopify begin to launch their own lending arms and as small businesses continue to look for funding to grow, it is more important than ever to shop around to find the best deals. Traditional funding models can often fall short: banks in Canada typically require 32 articles of information and still decline loan requests around 78% of the time. Our merchant cash advance system requires only 5 articles and approves 90%. With figures like these, it shows the advantages of avoiding the typical lenders: lenders that since the financial crash are ever unwilling to lend. With small businesses contributing around 30% of Canada’s total GDP, the need for simple, fast finance to grow is out there.

So what other reasons make a merchant cash advance from our company appealing to you? Well one important factor is the amount of money you can borrow. The kinds of businesses that are typically applying for merchant cash advances are young, tech-savvy and find themselves blocked out of traditional funding channels. These businesses tend to need funding to keep up with growth – whether to buy new stock, new equipment or move to a more suitable premises. They may also require further funding as their business grows or slows. Large banks will usually offer around $40,000 with collateral in a five year period. These long repayments and lack of real injection can cause businesses to stagnate. Alternatively, we can offer $400,000 during the same time frame and without the need for collateral. The results speak for themselves.

Another huge draw is the personal method of banking. Dealing with small, technology-driven firms results in better relationships, both on a financial and customer service level. A recent survey found that 73% of Canadians are interested in having strong, personal relationships with service providers, and 82% are more likely to recommend a friendly brand to others. Besides not offering the flexibility and freedom of merchant cash advances, by using a smaller independent company you are dealing with a friendlier, more bespoke funding arm. Utilising technology in this way also ensures that the funding you apply for is the right amount to not only build your business but to repay your loan as fast and efficiently as possible.

The industry continues to grow and grow. The Canadian small business lending index rose to 135.2 from a downwardly revised 132.5 in October 2016, and throughout the year there was a 4% rise in lending. More and more businesses are seeking out contemporary ways of increasing their capital. Merchant advance loans are a great way for these businesses to bypass the banks and find the right level of capital that they need. Taking into account areas like lines of credit, we can beat the typical monthly Canadian rate of 5%. This is particularly good value when compared with some lenders who can adjust rates and charge as much as 10%.

The post Small Business Lending in Canada (Infographic) appeared first on Merchant Lenders.

]]>
http://merchantlenders.ca/small-business-lending-in-canada-stats/feed/ 0
How to Get A Quick Restaurant Loan http://merchantlenders.ca/get-quick-restaurant-loan/ http://merchantlenders.ca/get-quick-restaurant-loan/#respond Mon, 21 Nov 2016 10:00:47 +0000 http://www.merchantlenders.ca/?p=1029 The restaurant industry is known to be highly competitive and excessively overcrowded making restaurant loans a basic necessity! Success stories are backed up with unprecedented determination, quality control and cost management. Restaurant managers are in a continuous struggle to balance cost reduction and at the same time, offer a consistent level of quality. The slim […]

The post How to Get A Quick Restaurant Loan appeared first on Merchant Lenders.

]]>
The restaurant industry is known to be highly competitive and excessively overcrowded making restaurant loans a basic necessity! Success stories are backed up with unprecedented determination, quality control and cost management. Restaurant managers are in a continuous struggle to balance cost reduction and at the same time, offer a consistent level of quality. The slim profit margins generate tight cash flows that can keep you up late at night and give you many headaches. The nature of the business makes it tough for restaurants to develop savings for growth and expansion purposes. Fortunately, we at Merchant Lenders have a solution for you.

Food related business loans are unpopular amongst the traditional banks. Restaurant loans are known to have high default rates, due to the heavy investment in inventory and equipment.

Our team at Merchant lenders understands the issues you are facing and we are determined to help your business stay afloat and grow. We offer merchant cash advances and business loans. We are capable of providing up to $2 million in bank loans, at an astonishing 95% approval rate. The process for business loan applications at Merchant Lenders are at a fast pace most of our loans have same day approval. Our loans are ideal capital injection options for your growth purposes. Our business loans are perfect for your restaurant and are on average 40% cheaper than anything else on the market with a guarantee of no hidden costs or origination fees. Also, the lack of upfront collateral makes our loan less risky in the long!

Our team believes in providing you with a quick restaurant loan you need to pursue growth and success! Call us today and find out how we can help you bring your business to the next level.

The post How to Get A Quick Restaurant Loan appeared first on Merchant Lenders.

]]>
http://merchantlenders.ca/get-quick-restaurant-loan/feed/ 0
Help Your Business Thrive This Holiday Season With Merchant Cash Advances http://merchantlenders.ca/help-business-thrive-holiday-season-merchant-cash-advances/ http://merchantlenders.ca/help-business-thrive-holiday-season-merchant-cash-advances/#respond Fri, 18 Nov 2016 11:00:45 +0000 http://www.merchantlenders.ca/?p=1033 The Holidays are a busy time for everyone, but it can be especially difficult for businesses trying to manage increasing consumer demands while staying afloat and profitable. In 2014, the National Retail Federation reported that there had been a 4 per cent increase in 2014 Holiday sales, citing that shoppers had spent an impressive $616.1 […]

The post Help Your Business Thrive This Holiday Season With Merchant Cash Advances appeared first on Merchant Lenders.

]]>
The Holidays are a busy time for everyone, but it can be especially difficult for businesses trying to manage increasing consumer demands while staying afloat and profitable. In 2014, the National Retail Federation reported that there had been a 4 per cent increase in 2014 Holiday sales, citing that shoppers had spent an impressive $616.1 billion dollars in November and December alone. They furthermore predicted that this trend is only expected to increase, expecting business revenue for the next several Holiday seasons to rise steadily.

Whether your business is faced with declining sales, unexpected renovations or expenses, or are just starting out, the Holidays can put immense financial strain on your business. If you don’t manage your business’ finances right, you could be starting the New Year off in debt rather than celebrating your holiday profits. Eric Samson for Entrepreneur writes, “Businesses that fail to maximize the holiday shopping season miss a huge revenue opportunity. Brands that invest only a small portion of their budget on timely, seasonal ads flounder while competitors with bigger budgets win the wallets of consumers.” Yet, it’s crucial to do everything possible to maximize your potential revenues, but that can often come with a hefty price tag.

Merchant cash advances are there to help businesses remain successful during financially strenuous times, like the Holidays. Whether your company’s credit card is maxed out or your bank is reluctant to give you a loan, merchant cash advances can give you the cash you need on the same day you apply. With a 95 per cent rate of approval, there’s no reason to not take advantage of this opportunity.

A merchant cash advance can do a lot more than help you cover unexpected expenses or falling sales. They can also help you maximize your sales revenue potential during the Holiday season. There are various ways you can use your cash advance loan to increase your business’ success.

Purchase More Inventory

With the influx of customers looking to fulfill their Holiday wish lists, you probably find products are flying off the shelves at an increasing rate. Both your customers and employees become frustrated when items are continually out of stock and issuing rain checks for items can be time consuming and less profitable for your business. By using a merchant cash advance to order inventory as soon as you want, you can ensure you have the products in stock to satisfy your customers and free up employees.

Purchase Advertising Space

Advertising is crucial during the Holiday season when customers are on the hunt for the best deals at the best location. If you want to be competitive with other businesses for customers, then advertising is crucial to spread the word about your services.

However, advertising is notorious for its high cost. It’s especially problematic for businesses that may just be starting out or are swamped with debt because they will be unable to afford advertising space. By putting your merchant cash advance towards advertising to buy print space, Internet advertising, or even commercial airtime, you can maximize your visibility and increase your sales.

Hiring Seasonal Employees

Business are often overcrowded and understaffed during the Holidays with the influx of customers ready to do some serious spending. But, if your business lacks enough staff to meet increased consumer needs, you may be sacrificing customer service and profits. Merchant cash advances will allow you to hire seasonal employees during this busy time of the year, so you can take care of each customer who visits your business, which is critical for your success.

Extended Hours

Finally, merchant cash advances make it possible to keep your business open for extended hours. This way you can increase your sales revenue by staying open later and increase customer satisfaction. Paying your workers for more hours and covering increased utility costs that arise from extended hours can be a financial hardship and counterbalance your profits. But, with merchant cash advances, you can rest assured that you’re only working to maximize your business’ revenues.

With these benefits, it’s clear that merchant cash advances are a reliable way to ensure your business stays afloat during the strenuous Holiday season. Not only will it ensure your business survives financially difficult times, but it can work to maximize your profits and help increase customer experience, two things crucial to maintaining a successful business.

If you think a merchant cash advance may be right for your business, you can call Merchant Lenders Canada at 1-877-682-0459. Applications are easy and quick to fill out in comparison to alternative types of financing, which can take too long to process and may not get to your business in due time.  With same day approvals, a 95 per cent acceptance rate, and the future of your business at stake, you have nothing to lose and absolutely everything to gain.

 

The post Help Your Business Thrive This Holiday Season With Merchant Cash Advances appeared first on Merchant Lenders.

]]>
http://merchantlenders.ca/help-business-thrive-holiday-season-merchant-cash-advances/feed/ 0
How to Find the Best Business Loans in Canada http://merchantlenders.ca/find-best-business-loans-canada/ http://merchantlenders.ca/find-best-business-loans-canada/#respond Wed, 16 Nov 2016 10:33:05 +0000 http://www.merchantlenders.ca/?p=1023 Evaluating what’s best for your business begins with educating you on your choices. Being a small business owner is never simple. Fortunately, in Canada there is a plethora of tools available to help any business owner evaluate his or her business decisions, including decisions related to financing.   Below is a short list of 4 […]

The post How to Find the Best Business Loans in Canada appeared first on Merchant Lenders.

]]>
Evaluating what’s best for your business begins with educating you on your choices. Being a small business owner is never simple. Fortunately, in Canada there is a plethora of tools available to help any business owner evaluate his or her business decisions, including decisions related to financing.

 

Below is a short list of 4 tools that can help make difficult financial decisions, such as funding your next renovation or expanding your product line, easier:

 

  1. Government grants, loans and financing calculator

The Canadian government provides some really great opportunities for small and medium sized businesses, but navigating bureaucracy is no easy task. For businesses that have some time and patience to get past the paperwork, check out some of the business programs currently available for your industry:

http://www.canadabusiness.ca/eng/program/search/

 

  1. Canada Small Business Financing Program

In the case that your business doesn’t qualify for a government grant or loan, the Canadian government also offers various financing programs. If you’re business is a start-ups or existing for-profit small businesses with gross revenues of $10 million or less, you’re eligible to apply for loans under this program. Although there are limitations as to what you can spend that money on. If you’re looking to purchase or improve land or buildings for commercial use, buy or get maintenance on new or used equipment, then the CSBF Program is definitely something you need to look into: http://www.ic.gc.ca/eic/site/csbfp-pfpec.nsf/eng/Home

 

  1. Comparing bank loans

If you’ve gone through the above options and those don’t quite fit your business, a bank loan may be the answer. Bank loans one of the most commonly used sources of funding for small and medium sized businesses. However, picking a bank to get a loan from can get confusing considering all banks offer different advantages. Unfortunately, there isn’t an online tool available to compare each Canadian bank and its loan policies, so it’s a good idea to shop around with a structured chart (Excel is perfect) of interest rates, time frames, eligibility requirements and repayment structures to help find the bank that meets your specific business needs.

 

  1. Finding a provider for a merchant cash advance

Not all businesses have time for bank loans or government bureaucracy, and not all businesses qualify. This is where cash advances are an effective alternative. Not only are they fast, have less paperwork and high approval rates, but repayment is made on a percentage of your sales. This means you’re business only repays the loan when money is being made, and at the rate that it’s being made. There are many merchant cash advance providers in Canada, and just like with banks, you should shop around.

It’s important to keep two factors in mind when looking. First, industry experience, meaning looking for providers that have worked with businesses in your industry and size. Secondly, customer service, because your relationship doesn’t end after your application is approved.

 

So before making a financial decision, weigh your options and educate yourself. And for some more sound advice about what not to do, check out the 7 Sins of Borrowing Money by the Business Development Bank of Canada.

The post How to Find the Best Business Loans in Canada appeared first on Merchant Lenders.

]]>
http://merchantlenders.ca/find-best-business-loans-canada/feed/ 0
The 5 Advantages of a Merchant Cash Advance http://merchantlenders.ca/5-advantages-merchant-cash-advance/ http://merchantlenders.ca/5-advantages-merchant-cash-advance/#respond Fri, 11 Nov 2016 19:19:55 +0000 http://www.merchantlenders.ca/?p=1020 Money is vital to your business’s success, especially when owning a small or medium-sized business. In some cases, you can find yourself in situations where a credit card is not a viable source for payments or business improvements, and the excruciatingly long process of a business loan isn’t what banks think your business needs. This […]

The post The 5 Advantages of a Merchant Cash Advance appeared first on Merchant Lenders.

]]>
Money is vital to your business’s success, especially when owning a small or medium-sized business. In some cases, you can find yourself in situations where a credit card is not a viable source for payments or business improvements, and the excruciatingly long process of a business loan isn’t what banks think your business needs. This is where a merchant cash advance is an effective solution.

 

Here’s a list of 5 noteworthy advantages that merchant cash advances have to offer:

 

  1. Applying is fast and easy. Merchant cash advances are faster to obtain than bank loans simply because there’s less paperwork, making the process far less bureaucratic than a bank loan. Typically, cash advances are provided in less than a week, some providers like Merchant Lender, even offer same day approval.
  2. Bad credit isn’t an issue. Unlike bank loans, merchant cash advances have higher approval rates. Many businesses that can’t qualify for a business loan, do qualify for a merchant cash advance. For example, Merchant Lenders has a 95% approval rate, making it very efficient for you to get the funds you need in order to reach your business objectives.
  3. No collateral is necessary. Unlike other credit loans, there is no need to risk your home or other assets for a cash advance.
  4. Repay only on the money you make. A cash advance is repaid through a portion of your business’ daily credit/debit receipts. This means the exact amount of money paid back is based on a fixed percentage of your sales until the advance is paid back in full. There is no fixed due date or fixed payments for paying back the advance.
  5. No restrictions. You can use the money from a cash advance any way you choose, whether it’s for inventory, renovations or repairs, you have the freedom to manage your business’s cash flow as you need.

advantages-of-a-merchant-cash-advance

The post The 5 Advantages of a Merchant Cash Advance appeared first on Merchant Lenders.

]]>
http://merchantlenders.ca/5-advantages-merchant-cash-advance/feed/ 0
How To Get A Business Loan with Bad Credit http://merchantlenders.ca/get-business-loan-bad-credit/ http://merchantlenders.ca/get-business-loan-bad-credit/#comments Wed, 02 Nov 2016 19:02:48 +0000 http://www.merchantlenders.ca/?p=1013   Companies go through rough patches. Bad credit history can cause minor bumps in the road that will slow down business growth, but nothing that will stop you from moving forward. In the world we live in today, the credit score system governs and labels organizations. Bad credit deems companies weak and unattractive to financial […]

The post How To Get A Business Loan with Bad Credit appeared first on Merchant Lenders.

]]>
 

Companies go through rough patches. Bad credit history can cause minor bumps in the road that will slow down business growth, but nothing that will stop you from moving forward. In the world we live in today, the credit score system governs and labels organizations. Bad credit deems companies weak and unattractive to financial institutions such as banks, to the extent where attaining a conventional bank loan becomes a scenario in a distant reality. However, at Merchant Lenders we can help you get the financing you need with our 92% approval rate!

 

If your credit history is causing you difficulties and holding you back from sourcing capital, you should consider alternative options that bypass and disregard the defining credit evaluation.

 

Merchant Lenders is in a position to offer your company the alternative it needs by offering cash advances in the form of a business loan. We are capable of providing up to $2 million in bank loans, at an astonishing 92% approval rate. We process business loan applications at a fast pace and grant access to the loan on the same day it is approved.

 

Our loans are ideal for emergencies such as a situation that requires a quick injection of capital to revive the cash flow.  Our business loans are on average 40% cheaper than anything else on the market with a guarantee of no hidden costs or origination fees. Also, the lack of upfront collateral makes our loan less risky in the long run.

 

Having bad credit doesn’t mean that you can’t get a business loan, you just need to know who to ask. We believe in giving you what is needed for your business to grow without being affected by financial constraints. Call us today and find out how we can help you bring your business to the next level.

 

The post How To Get A Business Loan with Bad Credit appeared first on Merchant Lenders.

]]>
http://merchantlenders.ca/get-business-loan-bad-credit/feed/ 1
Five Things to Consider When Expanding or Opening a New Location http://merchantlenders.ca/five-things-to-consider-when-expanding/ http://merchantlenders.ca/five-things-to-consider-when-expanding/#respond Fri, 23 Sep 2016 19:25:54 +0000 http://www.merchantlenders.ca/?p=1004 When it comes to expanding or opening a new location are many do’s and dont’s to pay attention to that could result in the success or failure of your current or new location. Here are five significant things that are important to consider: Capital: First things first, do you have enough money to branch out? […]

The post Five Things to Consider When Expanding or Opening a New Location appeared first on Merchant Lenders.

]]>
When it comes to expanding or opening a new location are many do’s and dont’s to pay attention to that could result in the success or failure of your current or new location.

Here are five significant things that are important to consider:

Capital:

First things first, do you have enough money to branch out? If the answer is yes, then that’s great! If not, you still have a few options. You can consider getting a loan from the bank, but at times these loans can be hard to get. Your second option is to get a loan from a money lender, some of whom offer same day approval loans and up to 200% of your monthly income! Money lenders can also provide advice on how and where to use the money you borrow.

Employees:

It might seem like employees are interchangeable, but good employees are an essential component to any successful business. First impressions matter and the first point of contact most new customers will have won’t be with you, but with your employees. It is important to hire not only individuals that have good credentials and experience, but people whose goals and vision line up with yours, who can help further your business, possibly further than you might have imagined.

Emergency funds:

Capital is a good place to start, but that only goes so far as to get your new location up and running. When branching out, anything can go wrong. The smart business owner prepares for the worst. It is always a good idea to have a rainy day fund just incase something does go wrong. This should go untouched, as you will be grateful for it in the case that there is an emergency.

Potential growth:

As a business owner, you should always be thinking of where you want your business to go. A new branch can lead to more opportunities and you need to think where you want your business to be in the next five years. It is imperative that you continuously ask this question, as the answer should influence the decisions you make as a business owner.

Customer connection:

As you know, customers are important. This is especially true for small businesses, who rely on customers to spread the word and encourage other potential customers. Due to this, maintaining good relationships with your current customers can be essential for potential success in your new location. In today’s technologically driven world, it has never been easier to open up channels of dialogue. Social Media has made it easier than ever to reach out and connect with customers and get valuable feedback.

The post Five Things to Consider When Expanding or Opening a New Location appeared first on Merchant Lenders.

]]>
http://merchantlenders.ca/five-things-to-consider-when-expanding/feed/ 0
The Difference Between Cash Advances and Business Loans http://merchantlenders.ca/difference-cash-advances-business-loans/ http://merchantlenders.ca/difference-cash-advances-business-loans/#respond Fri, 16 Sep 2016 20:34:54 +0000 http://www.merchantlenders.ca/?p=1000 When in need of capital for your small business, cash advances and business loans are the primary options. In this article, we’ll explore the differences between the two. A business loan works like a car or mortgage loan. You are granted access to a specific amount of money and pay back a little each month. […]

The post The Difference Between Cash Advances and Business Loans appeared first on Merchant Lenders.

]]>
When in need of capital for your small business, cash advances and business loans are the primary options. In this article, we’ll explore the differences between the two.

A business loan works like a car or mortgage loan. You are granted access to a specific amount of money and pay back a little each month. All payment instalments are fixed and there is a fixed maturity date by which the loan is expected to be paid in full.

A merchant cash advance is not a loan. Instead of loaning money, cash advance providers purchase your credit/debit card receivables at a discount. They provide you money that you pay back with interest through a portion of your business’ daily credit/debit receipts. The exact amount of money paid back varies each month based on a fixed percentage of your sales. Deductions are made from your sales receipts until the advance is paid back in full. There is no fixed due date for paying back the advance, although most cash advances are paid back in 4 to 12 months.

Unlike bank loans, merchant cash advances have higher approval rates. Many businesses can’t qualify for a business loan but do qualify for a merchant cash advance. Another advantage is no collateral is necessary. Therefore, there is no need to put your assets, such as your home, on the line. Merchant cash advances are faster to obtain than bank loans because there is less paperwork, making the process much faster and far less bureaucratic than a bank loan. Typically, cash advances are provided in less than a week.

Although merchant cash advances are said to be more expensive than bank loans, this depends on the business’s immediate needs. For example, you receive a 5-year, $50,000 business loan from a bank with an annual interest rate of 10%, making fixed monthly instalments of $1,062.35 for 5 years until the loan is fully paid back, assuming there are no extra fees or monthly servicing fees.

In the case of a cash advance for the same amount ($50,000), the merchant cash advance provider tells you that $65,000 will have to be paid back, deducting 10% of your daily credit card sales until the advance is paid back in full. If you make $50,000 per month in credit card sales, approximately $5,000 per month will be paid to the MCA provider, meaning the cash advance will be paid off in approximately 13 months.

Lastly, there are no use restrictions on a cash advance. You can use the money any way you choose, whether it’s for inventory, renovations or repairs, you have the freedom to manage your business’s cash advance as you need.

cash advance vs business loan

 

The post The Difference Between Cash Advances and Business Loans appeared first on Merchant Lenders.

]]>
http://merchantlenders.ca/difference-cash-advances-business-loans/feed/ 0
Using Funds to Grow Your Business http://merchantlenders.ca/using-funds-grow-business/ http://merchantlenders.ca/using-funds-grow-business/#respond Thu, 16 Jun 2016 18:54:27 +0000 http://www.merchantlenders.ca/?p=732 All business owners think about finances for the company’s growth and operational developments. It comes down to knowing the available options, and whether you need to borrow in the form of a loan, or take an advance to cover internal expenditures like payroll, procurement of supplies and inventories. When it becomes necessary, we fit all businesses with […]

The post Using Funds to Grow Your Business appeared first on Merchant Lenders.

]]>
All business owners think about finances for the company’s growth and operational developments. It comes down to knowing the available options, and whether you need to borrow in the form of a loan, or take an advance to cover internal expenditures like payroll, procurement of supplies and inventories. When it becomes necessary, we fit all businesses with the best program. In just a few short steps, we’ll have everything we need for you to access funds.

“As a business owner concerned about funding to grow my business, taking the time to see all of the options and what works best made the difference for future success versus ongoing struggle.”

Financing options in the form of short term advances or long term loans can help with company expansion, renovation of new or existing buildings, as well as, adding critical stock to the inventory. Businesses in the market sectors where growth and revenues are strong experience slower payment cycles affecting the company’s cash flow.

“. . .more than 1.1 million nonfarm businesses file tax forms as individual proprietorships, partnerships, or any type of corporation, and with receipts of $1,000 …….”

Statistics show four out of five business owners are going to experience cash flow challenges. One of the easiest solutions is to use a merchant lender to help bridge the financial gaps. Cash flow gaps are difficult to avoid, mainly because it’s an integral part of business especially with the rapid pace of modern technology increasing financial demands.

Merchant lending provides business owners with the cash they need to meet their business goals using cash advances or term loans. Companies experiencing rapid growth reach a business stage sooner and need immediate cash to sustain the new growth and purchase inventory. Your company has the opportunity to thrive, by learning how merchant lending can help you significantly increase the odds of securing the capital that makes sense for the business.

Benefits of Having Internal Funding

There’s never going to be a day when businesses don’t need money to grow. “It takes money to make money, right? Whether it’s for advertising, marketing or expanding into uncharted waters, the benefits of having a merchant lender can help to support the planned growth. Internal funding is a benefit that Merchant Lenders can offer to your business to help speed up the process of a merchant loan. It has helped businesses in need of immediate cash within two days to fund slow billing cycles and sustain new business development. Additional benefits include a wide range of loans or advances to fit your business paying less interest compared to external funding through traditional banking institutions.

Understanding how a company with internal funding processes can help with short-term situations and long-term planning as an effective management tool for business owners is a major advantage. Why? The less red tape your business has to go through to get the capital you need, the easier it will be for your company to succeed. Keep in mind that your company needs access to fast money. Gaining funding in a few days versus a few months could make the difference of your business succeeding or failing quickly. Unlike competitors, Merchant Lenders has an internal funding process that will make gaining capital a quick and easy process for your company.

Merchant Lenders internal funding isn’t linked to credit worthiness in most cases. Approvals are linked to financial performances and real time results. Today’s technology is helping companies to grow faster along with improved economics. Merchant lenders are looking at today’s performance to support tomorrow’s achievements when it comes to closing the cash flow gaps, compared to the traditional approvals based on previous year’s performance.

It’s this mindset of using internal funding that offers the benefit of immediate cash or loans, allowing Merchant Lenders to offer quick and painless loans to business owners. At the same time, internal funding allows Merchant Lenders to offer small businesses with limited resources loans that they otherwise couldn’t receive.

Business growth is a part of development along with cash flow challenges. Today’s economy presents a solution to meet market demands and new business opportunities with alternative funding options. The company’s attention should be focused on retaining and developing new business with a reliable cash stream to meet these opportunities and sustain expenses impacting the company’s future.

The benefits of using internal funding offers solutions to lessen the cash flow gaps, while developing a controlled and manageable return for business owners. These methods of funding offer flexibility on the funds needed, establishing future advances for backing the company’s projected growth and expansion without interruption to day to day operations.

The post Using Funds to Grow Your Business appeared first on Merchant Lenders.

]]>
http://merchantlenders.ca/using-funds-grow-business/feed/ 0