For years, the lending market was predominantly run by traditional banks, where every business had to abide by their terms and conditions. But following the recession, traditional banks started to refuse loans to businesses, even though businesses still had a need for capital. The introduction of Merchant Cash Advance loans opened the door for small firms to still be able to take out loans, irrespective of their credit history or time in business. Since then, Merchant Cash Advances, or MCA’s, have dominated the loan industry. Here are some of the reasons why Merchant Cash Advance loans have taken the place of traditional loans:
Month: November 2015
How Do ACH Lead Lists Fit into a Merchant Cash Advance Business?
Today, startups and small businesses that need immediate capital have a billion dollar industry eager to fund them: MCA providers. Although the industry is just a decade old, it has shown significant growth in the last few years. While there were only a handful of funding providers following the recession, there are thousands of them now in the US alone.
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Know Why Your Business Loan Marketing Has a Greater Chance of Succeeding!
Ever since the 2008 financial crisis, banks have approved a very insignificant percentage of business loans, especially when it comes to small businesses. In spite of the economy recovering and an increasing demand for small business credit, banks have been refusing loans to small businesses.
However, the reason is not just low credit scores following the recession; several other factors play a significant role in making banks shun small businesses from their portfolio. Let’s have a look at those factors below:
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Turnkey Direct Mail Programs for Assured Leads
In today’s market, organizations need to employ many different methods in order to grow their businesses. In order for a business to grow, they ultimately need working capital, which can be hard to obtain by today’s standards. Business loans are a great way for a small business to get the capital needed to invest in their business. However, many banks are leery of loaning funds to small businesses. Luckily for small businesses, Merchant Cash Advances are becoming the new normal, when businesses need funding. At Merchant Financing, our turnkey direct mail programs are particularly intended to help organizations associate with business owners who are actively looking for a merchant cash advance.
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Three Things You Must Do for Strategic Lead Generation
With commercial credit markets tightening up, it has become more difficult for businesses to get a loan or working capital. In spite of this, with merchant cash advances available, businesses now have the option of a sustainable alternative to a business loan that is both fast and reliable. However, which leads generation service provider you choose is a decision that should be based on your knowledge and observation rather than instinct. Below are a few successful strategies that we follow, which will help you be an informed decision maker.
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