Month: February 2020

How Targeting Small Business Loan Leads is Beneficial for MCA Providers

It is a known fact that small businesses make the best leads for MCA providers. There are several reasons behind this but the major one is the fact that these businesses are always looking for alternative funding options. Since an MCA is such a convenient funding option, these businesses turn out to be the most qualified small business loan leads.

However, some MCA providers are still oblivious to the fact that they can reap great benefits from these business loan leads. If you’re one of these MCA providers, we have some points for you to consider. Let’s have a look at the benefits of targeting small businesses for your MCA lead generation process:

They Have a Low Credit Score

Small businesses often have low credit scores. How is this beneficial for MCA providers? Let us explain!

Small businesses usually approach traditional banks for their funding requirements at the beginning of their operation. However, a low credit score will cause traditional banks to turn them down, refusing to lend them money.

Because of the credit policy of traditional banks, small businesses have to look for other ways to satisfy their funding needs. This is why they lean to options like an MCA and make the best business loan leads.
For MCA providers, it is best to target these businesses as leads and convert them with the right approach.

They Are in Constant Need of Funds

Unlike big businesses, small businesses don’t have capital reserves. To keep their business activities going, they need funds. MCAs are a hassle-free option for them when it comes to raising funds. This is why they keep looking for reliable MCA providers to get needed funds from.

With your effective business loan marketing efforts, you can target and approach these businesses. Since they’re already looking for funds, you can convince and convert them with ease. If you think you can’t do this by yourself, get in touch with a competent team of lead generation pros.

They Look for Convenient Funding Options

Traditional banks have made a huge deal out of small business funding. The situation has worsened since the great recession, and with the economy declining, banks have started following strict credit policies.

Small businesses and startups are often turned down by these banks for business loans or funding. All the hassle involved in this process pushes small business owners to seek convenient funding options, making them the best business loan leads for MCA providers.

They Are Approachable

With the help of lead generation experts like Merchant Financing Leads, small businesses become approachable. This is because lead generation providers like us gather information about these businesses in the form of extensive data. This information is constantly updated and refreshed to keep only the hottest information available.

When MCA providers use this information, it becomes easy for them to spot and approach qualified small business loan leads.

If you’re looking for the most qualified leads for your MCA business, it is best to target small businesses or startups. You can also seek help from lead generation teams like Merchant Financing Leads to get quality information about business loan leads.

Get in touch with us today to get started!

UCC Leads and Business Loans: Why MCA Providers Need Expert Help

When it comes to acquiring business loan leads, MCA providers try and test several methods! There are so many ways that business loan marketing is done. However, without smart help, MCA providers can’t get the best results through their marketing efforts.

Though there can be so many reasons behind this, the major one in most cases is a lack of research and quality resources. Now, when professionals like lead generation providers step into the game, they come with high-quality resources, like lists, containing information about UCC leads.
What makes the difference for MCA providers in such a case is that these lists contain accurate, reliable, and high-quality information about the hottest leads. So, how do you acquire these leads? There is a lot you may be doing wrong that needs to be corrected. Let’s have a look at how professionals can help you generate high-quality leads.

UCC Leads

What is UCC? The acronym is for Universal Commercial Code, which is a code attached to every business serving in areas where UCCs are applicable. This code is quite important and helpful for businesses like MCA providers. When lead generation providers learn the UCC of a business, they can grab some high-quality information about these businesses. For instance, once lead generation teams get information about UCC leads, they can tell whether these businesses have utilized MCAs in the past or not.
If they have, they make the best leads for UCC merchant cash advances. This is because, while they have utilized an MCA, they are most likely to utilize it again. All an MCA provider has to do is convince them as to why they should pick them.
This way, it gets easier to target and convert MCA leads effectively.

Let’s have a look at why these lists and resources about UCC leads are beneficial for MCA providers:

• Accurate & Reliable Data

The data collected by lead generation providers is quite accurate, as they update it constantly. The teams of lead generation professionals are frequently engaged in in-depth market research to gather information. As their research is ongoing, they keep updating the lists, removing the leads that are no longer interested in MCAs. This makes the data quite accurate and reliable.

• Better Approach

With UCC leads, when you have the information about the businesses, you know they have utilized MCAs in the past. There is no need to play the old track of what an MCA is, why it is beneficial and why the business should utilize it as they are already aware of the same.
It helps MCA providers to have a better approach and start the convincing right away!

• Cost-Effectiveness

When you market your MCA business without context or a targeted audience, you waste a lot of time, money, and energy on it! However, with the information about UCC leads handy, your marketing efforts will find a direction.

This not only saves a lot of your money but also speeds up your lead generation process. Plus, when you buy UCC lists from lead generation providers, you don’t have to break the bank, as they are quite cost-effective.

With the above information, you can see it is quite beneficial to target the right leads for UCC merchant cash advances. These leads are high-quality leads and with the help of lead generation professionals, you can get the right information about them! Get in touch with Merchant Financing Leads for more details.

Acquiring MCA Leads: What is It That You’re Doing Wrong?

When MCA providers are targeting businesses through their marketing efforts, it is important to have a plan and strategy. This is the only way to acquire the best MCA leads and convert them effectively.

If you’re an MCA provider looking for qualified leads, yet failing with your marketing efforts, you need to know what you’re doing wrong. Here, we sum up the most common mistakes made by MCA providers when they’re carrying out their business loan marketing campaigns:

• Non-Targeted Marketing Campaigns

The most common mistake made by MCA providers is not giving enough attention to creating a plan and strategy for their marketing campaigns. They just go at it – without targeting the right MCA leads. This kind of marketing campaign not only leads to the failure of lead generation but also result in a great loss of time and money.

To avoid this, you must first have a well-thought-out plan before launching your MCA marketing campaign. This can be done if you have the right information about leads that you are targeting with your marketing efforts.

This information can be found through in-depth market research or you can seek help from lead generation providers.

• Incomplete or Wrong Information About Leads

Getting information about MCA leads might seem easy – but it’s not! Most businesses carry out superficial research when looking for high-quality leads to target. This research isn’t very helpful as it is either wrong or incomplete information about MCA leads.

If you move forward with this information as the base of your marketing efforts, it won’t bring the returns you’re looking for. With poorly targeted leads, your campaign will end in failure!

Make sure you collect solid information about the leads you target through your marketing efforts. This information includes the name of the business, the name of the right person to contact, the funding needs of a business, their interest in getting MCAs, their history with MCA funding, and more.

Once you get this information, you can filter out the hottest leads from all the information collected through your in-depth research. These leads are the ones you need to target with your business loan marketing efforts. Leads that no longer meet your criteria, should be dropped from the list.

You can also get the most accurate and reliable information about quality MCA leads from lead generation teams like Merchant Financing Leads.

• Lack of Professional Help

Another thing MCA providers overlook is the importance of professionals for their MCA marketing efforts. Seeking professional help for your marketing campaign can really bring the right results.

For instance, if you want to grab live transfer leads, you can get help from call center professionals. You can get to them with the help of lead generation providers like Merchant Financing Leads.

With this, we summed up the major mistakes MCA providers make while carrying out their MCA marketing campaigns. Learn from the tips given above and avoid making the same mistakes in the future.

For a detailed overview of how your MCA marketing campaign should be, get in touch with Merchant Financing Leads. We will help you get to the best MCA leads with efforts made in the right direction.