Category: merchant cash advance
Banks aren’t lending. Duh! However, the Green Sheet reports that non-bank financing is strongly centered around the payments industry. The Merchant Processing Resource is proud to be one of the cited references: Read: Financing Options Proliferate in Payments Sphere
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Did you know that QuickBooks offers a complete Point of Sale (POS) solution? Right now, it’s available as a free download (FREE 30-trial). QuickBooks is designed to speed up everyday tasks and give you the tools you need to grow your business. With QuickBooks POS you can: Process credit cards,…
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Ask anyone in the Merchant Cash Advance (MCA) industry to explain how this financial product works and there is a 99% chance they will use a restaurant in their example. “Let’s say a restaurant is processing $10,000 a month in credit card sales…” and so the pitch goes. For years, restaurants have been the face [...]
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We were recently asked the following questions: What do you think has caused this explosion of bank-only and loan products in the MCA space? Will they last? It’s said that 50% of all marriages end in divorce. So after years of a happy marriage and several offspring (starter advance, premium advance, and lockbox), the Merchant [...]
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How sure is this recovery? A few months ago, all signs pointed to a roaring recovery. As the data comes in each month, it’s looking less and less like a definitive thing. Sure the unemployment rate is going down, but mainly because hundreds of thousands of people are giving up on searching for jobs. The [...]
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What’s new in the Merchant Cash Advance arena? Cool Stuff FundersCloud is making waves in the industry with their Peer2Peer/Crowdfunding platform. We’ve finally gotten a chance to speak to their team, do a walkthrough, and aim to release an independent review of their cloud next week. However, for the moment we would like to take [...]
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Ooo La La! We’re talking about the orange circle in the back that says ‘Pricing as low as 14.9%’. Swift Capital was in attendance at the ETA expo this year and they have been aggressively marketing on the basis of transparency. Also on the scene was Ilya Fridman, the CEO of Entrust Cash Advance. According [...]
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The ETA Expo has been quite an experience. ISOs came in droves, with one privately sharing with us that the past two days have generated a tremendous amount of business. Others have used the time less productively and at least one business development manager who sat this year out said he purposely did not go [...]
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Just when we thought that Merchant Cash Advances couldn’t be any more accommodating to the small business world, one company is applying the starter advance concept to practically the entire spectrum of merchants. A starter advance, a higher risk transaction than those traditionally conducted in the industry, is a concept that was made popular by [...]
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“Come to our booth!” “Here’s my business card…” “We’re going to Rain later.” The ETA has begun and almost all the big Merchant Cash Advance (MCA) players are in town. If you’re not sure where to find anyone, you can browse the official floor plan below. Click the Image for the full floor plan [...]
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Are we really still saying “banks aren’t lending”? We are, and apparently everybody else is too, because it’s still true. Time Magazine just published a piece that promotes the idea that bank lending is so dead that people wouldn’t even lend money to themselves. Could this be more evidence that banks are no longer necessary [...]
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