In the world of small business finance, the term “Business Cash Advance” has been growing in popularity. But...“what is the difference between a business cash advance and a merchant cash advance?”.
Let's explain the similarities and differences of these products so we can get a better picture of these financial products.
Both merchant cash advance and business cash advance, allow a business to receive funding in exchange for its future sales.
If you want to start managing your money more effectively and set yourself up to become an entrepreneur, follow the 5 tips below. With these techniques in your arsenal, you’ll start so see immediate changes, and you’ll set good behaviors in motion that’ll serve you throughout your career as an entrepreneur. 1. Prioritize organization. When you are organized, you can track every facet of your finances. Record all of your financial information in one place so you can refer to i
As a guide to the health of a company, operating cash flow data have a great vogue these days among those who watch the fortunes of corporate America from the outside—especially securities analysts. Moreover, financial executives of businesses increasingly prefer a cash-basis assessment of available funds over the traditional working capital status. Out of 290 companies, 60 of which had been declared bankrupt, and found that operating cash flow data for a five-year span could
Everyone in business experiences fear. Fear keeps people in jobs they hate; and it keeps them from following their dreams and opening their own businesses. Moreover, when you’re the one in charge, there’s a lot at stake, and you can feel that it’s all on your shoulders. It’s enough to make you run the other way. But entrepreneurs can’t afford to be paralyzed by fear! Successful entrepreneurs know how to move past their fear and change their mindset. Here are five fears all en
Before you rush out and simply try to sell your way out of a cash flow crisis, take a moment to review the 4 most common causes of cash flow challenges -- the first three have nothing to do with sales. Cash Flow Challenge Cause #1: Poor collection on your receivables. It's my observation that many businesses ignore this vital function because they are uncomfortable asking people or companies for money. Yet the cost to the business can be massive, and only compound as the comp
Question: What steps should I take before applying for a loan to open a small business? I’d like to maximize my chances of getting a good response. Answer: Getting a small business bank loan is never easy, and it’s been especially difficult since the financial crash of 2008 and the lingering credit crunch. Even though small business lending is rebounding somewhat, it is still virtually impossible to get a loan to fund a business. That’s because lenders want to see a financial