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Alternatives to Merchant Cash Advance

Merchant cash advance substitutes

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Alternatives to merchant cash advance include other unsecured and secured substitute programs.  Many businesses can qualify for these  options.  Apply above or call us for excellent rate alternatives to a high daily and weekly repayment.

Concerns are heard from customers and include:

– mca’s too expensive need alternative 
– Lower rate mca’s 
– Predatory mca’s 
– Don’t like mca’s   
– Mca’s are too short term 
– Need longer term Loan

Many customers just say that they don’t want a cash advance.   They need funding but already have an existing mca position and want a longer term up to 36 months.

Alternatives include longer term mca consolidation programs are being offered by some alternative funders to improve or rescue businesses from cash flow emergencies.

What can you substitute? 

Substitute an asset based loan program or a real estate cash advance for an mca.  It offers longer terms and higher dollar amounts.

Getting this help is sometimes the difference between the life and death of a company.
Consolidation programs are being offered by some alternative funders to rescue businesses from cash flow emergencies.

Other options to a merchant cash advance

What are alternatives to the merchant cash advance loan and ach daily repayment loans?

Businesses may qualify for several options that are not daily or weekly repayment loans.   They include Factoring,  real estate backed capital, Lines of credit,  and asset based.

Most frequent requests and calls include the following:
“We want another option” Other calls include:
“I need another loan instead of the merchant cash advance”
“I don’t want a daily repayment loan” as well as “I don’t want a merchant cash advance”.   Many callers
will just say they “want a monthly payment loan”
Cheaper mca merchant cash advances

Need lower rate options?    Rates as low as the low teens.

Longer term mca merchant cash advances

Most terms are for between 3 and 9 Months.    Much longer term options are available.   Get a 12, 13, 14, 15, 16, 17, 18 and up to 24 Month mca merchant cash advance.

Other options than the merchant cash advance

Business have other needs including money to pay for inventory.  Consider information on how to get money for product orders. Monthly repayment loans.
Accounts Receivables financing
There are significant benefits to the accounts receivables financing, also known as factoring.   The  biggest benefit may be that it is not debt.   Another big advantage is that they are not really an advance of future receivables.  Your company is not getting money now in advance of money it will earn in the future.

In fact, it is the opposite.
Factoring provides money that is already earned and owed, for a relatively small fee, between 1.5% and 5%.   There is no daily or weekly payment, since your company is getting money that is due to it.

asset based loans,  or a loan against equipment are excellent options. These are almost all monthly repayment and normally begin with terms starting at 12 months to 60 months.   Some have even longer terms, especially if they include real estate.
real estate backed loans

Get a different business loan than the merchant cash advance mca or ach loan

Businesses that have been denied by a lender may have to get capital another way.   Consider one of the options above.   You can call
one of the representatives to discuss the options.   Call us at Tel: 919-771-4177 and a representative will be glad to discuss which options may be best for your business.

 

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Asset Based Loan

Alternative Loans For Small Businesses

Alternative Loans for businesses

This article will assist small businesses in learning where to find and secure alternative loans.  A full range of topics will be discussed.   Traditional financing, including SBA loans are extremely difficult to get.   Viable options must be made available to entrepreneurs.

The formation of businesses, business credit, loan types and amounts.  Hispanic business loan and other hurdles to minority business loans are considered.   LGBT and gay friendly loan resources are provided.  Also included is how they all affect a business’s ability in obtaining credit.    A number of topics will be detailed and address subjects known by very few business owners nor discussed by credit specialists.    Many of these are critical for businesses to understand in order to secure credit.   Other options include getting loans in smaller segments or increments in order to get funding at all.

Topics include how to apply for a small business loan.   Things not do when applying for a small business loan will be discussed.   Businesses do not need to try to apply for the highest loan possible or use just one loan type to get financing.
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Many business owners request the highest amount possible when applying for a business loan.   This is not the best approach.   If a business requests too much they may be declined simply for asking for too much.   A business may qualify for $100,000.   However, if they apply for $150,000, they may be declined because they do not qualify for $150,000.   If the business only wants $100,000, they should only apply for $100,000.

A business does not need to get all the capital they need from one program and one loan.   A business may be able to get $50,000 on an asset based loan and another $50,000 through a business line of credit.  This tactic will allow the business to obtain all of what they need rather than only getting $50,000 if they had applied for one type of loan.

When forming the business, the business owner should pick the business type they think they will stay with for a few years.   If the begin as a sole proprietor then switch to a Corporation after only 1 year, they should probably start as a Corporation.

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