What Do You Need to Know About Merchant Cash Advances?

Business owners, especially small ones find a great deal of difficulty with their funding. They need a good flow of working capital from time to time in order to expand their business operations or for stocking up their inventory. However, small businesses can’t get loan quickly, when they apply through the traditional financing option. This is the reason behind the emergence of other forms of financing like MCA.

Basically, a merchant cash advance company can provide small businesses with feasible financing options. Merchant Cash Advance, which is also touted as Business Cash Advance is a form of financing that is designed for small business owners. In short, the life of small business owners won’t be tough if their traditional bank loan gets rejected.

 

 

How Is The MCA Helping?

Financing options like MCA can help small businesses to get money instantly. They don’t need to worry about their loan application getting rejected. Unlike the banks, a provider of MCA doesn’t bother whether the loan applicant has been running their business for more than two years or not. Even if their business isn’t a running successful, they still can get the loan or the advance as it is called.

merchant cash advance company

A merchant cash advance company isn’t simply interested in any collateral from the applicant. They would simply provide the advance to the MCA loan applicant provided they have a good credit card sale history. Once the company is assured of the fact that the business house can repay the entire amount, they are provided with the loan.

 

 

Why Going to Banks Is Not A Good Idea?

Applying for a business loan from a bank can be ideal when the business is having a good credit card history. Also, the business should be able to submit collateral for a loan. Lastly, the tenure of the business is a factor.

In a situation, where one needs the money or working capital quickly, a traditional business loan is not a solution. This is where a merchant cash advance company helps you out.

Understanding Merchant Cash Advance

An MCA is a type of an advance given against the future credit card sales and receipts receivables. MCA offers a great deal of flexibility as it can help a business to remain running and functional. A quick turnaround time, they are easily approved by the providers.

merchant cash advance company

Before taking the help of any merchant cash advance company for getting an MCA loan, you need to understand its repayment option. Even one can repay the amount slowly, MCA requires the borrower to pay certain amount of their future sales. Depending on the amount borrowed the percentage of interest may vary. The percentage needs to be paid till the entire amount is repaid.

Things to Know

Before opting for an MCA loan, make sure:

  • You understand the terms of the loan.

  • To check all the fees upfront.

  • Ask for a projected annual percentage rate for the loan.

     

If your merchant cash advance company follows all these points, you can take the loan from them easily. After all, MCA can be a great alternative to traditional loans when you need quick money.

Before taking the help of any merchant cash advance company for getting an MCA loan, you need to understand its repayment option. Even one can repay the amount slowly, MCA requires the borrower to pay certain amount of their future sales. Depending on the amount borrowed the percentage of interest may vary. The percentage needs to be paid till the entire amount is repaid.

Things to Know

Before opting for an MCA loan, make sure:

  • You understand the terms of the loan.

  • To check all the fees upfront.

  • Ask for a projected annual percentage rate for the loan.

     

If your merchant cash advance company follows all these points, you can take the loan from them easily. After all, MCA can be a great alternative to traditional loans when you need quick money. Read more news about financial loans and merchant cash here!

10 Reasons to Buy Physical Gold

Gold is the best form of saving since time immemorial. Due to its exceptional features, the value of gold cannot be negated. When you hold physical gold, there is not default risk or counter party risk. You can store gold as wealth anonymously. It has the ability to purchasing power overtime. Here are some of the reasons to buy purchase gold bars that are gold in physical form.

purchase gold bars

Full of Inherent Value

Physical gold is known to be real and tangible. The best part about it is that it is indestructible. Moreover, you will not be able to create purchase gold bars physically and counterfeit it. Mining the physical gold mines is considered to be a costly affair. This can also prove to be pretty hectic. Hence, physical gold has inherent value. However, paper money on the other hand doesn’t have any inherent value.

Scarcity

Gold deposits are known to be scarce all around the world. As a matter of fact, it is difficult to mine and extract gold for making purchase gold bars. Thus, the new supply of gold is limited. This is the gold has become such a precious metal. The scarcity of gold reinforces its value.

Can’t be Debased

When you purchase gold bars, you will notice that it has physical characteristics which cannot be debased. The supply of gold is known to be immune to the political changes. If you compare it to flat supply of money that are constantly being destroyed and debased due to deficit government spending, you will realize that it is much more valuable and you cannot be debase it. On the scale of survivorship, gold is known to have outlived all other fait currencies by almost thousands of years.

Safe Haven

Physical gold will perform the role of safe haven asset during the times of conflict. When there is a financial market stress and increased uncertainties, the counterparty risk of the majority of the financial assets spikes. However, physical gold doesn’t have counterparty risk. Hence, you can use gold for preserving your wealth.

Portable Wealth

Physical gold such as gold coins and gold bars is a combination of high portability and high value. It is ideal for transporting wealth. Hence, saving across the border becomes pretty easier.

Universal Acceptancegold mining

Gold has a universal acceptance. This means that it will be accepted as money around the world. With a liquid gold market, there are several opportunities to sale gold bars and gold coins.

Emergency Money

Military personnel are often given gold coins which they carry with in the conflict areas. This is form of emergency money as it is universally accepted.

No Default Risk

Quite unlike government bond, you will not have to experience any default risk with gold bars since it is not issued by any authority who will default it. Gold coins and gold bars are no one’s liability.

Independent of Internet

When you purchase gold bars, you will know that it doesn’t have any access to the internet or electronic wallets. Moreover, people cannot steal money by hacking the electronic address.

Feels like Real Wealth

Physical gold such as gold bars might give you the feeling of real wealth. When you hold have some real gold coins in your hand, you will know that you are feeling real wealth. Gold is pure and might be costly to produce.