Are you working in the merchant financing industry and looking for ways to increase sales? Did you understand the importance of fresh, quality leads? If you want to scale your MCA business, getting fresh, qualified lead lists are of great help. But, do not start searching for business loan leads yourself; it is a waste of time and money. The best approach to quality leads is to partner with a strategic lead generation company.
During times of stagnant growth, traditional banks avoid lending to small businesses, especially those having low or poor credit ratings. Though it may seem a troublesome situation for business owners, it has opened up opportunities for alternative lenders that offer merchant cash advances. A smooth flow of cash is vital to running a business successfully and merchant cash advances come out to be the best funding alternative.
Owing to the lingering effects of the great recession, the traditional banks have approved a very insignificant percentage of business loans, especially when it comes to small companies. While the economy has been recovering and there is an increasing demand for small business credit, the banks still avoid funding those companies having poor credit ratings. For the small business owners who are looking for alternative financing to fund their operations, merchant cash advances come out to be the best solution.
As a merchant cash advance provider, you are well aware of the importance of getting quality leads to ensure the smooth functioning of your business operations. Since the traditional banks have tightened the loan eligibility criteria and introduced strict policies that small businesses find difficult to meet, merchant cash advances come out to be the best solution. Though people are considering merchant cash advances as their ultimate funding option, MCA providers are still facing challenges in finding the right reliable prospects.
At times of stagnant growth, when traditional banks cease to fund small businesses owing to their bad credit ratings, merchant cash advances come out to be the best solution to financing. While many businesses consider MCA as the best funding option available nowadays, still merchant cash advance providers face challenges in finding prospective clients. Thankfully, UCC lists exist.
The ongoing repercussions caused by the lingering effects of the great recession are still affecting businesses throughout the world. Getting a loan from traditional banks is still a challenge for some business owners, especially smaller companies. Owing to their bad credit ratings or no credit, the banks cease to fund these businesses which induces the owners to look for alternative financing such as merchant cash advances. More importantly, this alternative financing option features an easy application process, higher approval rate and simpler repayments, which makes it a popular choice among business owners.
Gone are the days when traditional banks were the only funding option available for cash-strapped businesses. Moreover, we all are aware that getting a loan from bank and other traditional providers is not at all easy. There is a long list of formalities, set eligibility criteria which businesses, especially startups, find difficult to meet and fixed monthly payments that can be quite stressing.
Although the ability of small businesses to obtain capital has improved in recent years, getting a traditional bank loan is still a challenge, a new study revealed.
According to a research conducted by Pepperdine University’s Graziadio School of Business and Management and Dun & Bradstreet, it has been found that “over the last four years, there has been a 13 percent increase in access to capital for small businesses. But, most of the businesses are getting that money from personal assets and not from banks or online lenders.”
Though the merchant cash advance industry is booming right now, finding and building clients is still a challenge. As a merchant cash advance provider, you understand the importance of finding prospective clients and selling business loans. While MCAs are increasingly gaining popularity as a funding option among businesses, considering a marketing plan is vital to selling the loans efficiently. Continue reading Planning Merchant Cash Advance Marketing? Got MCA Leads? It’s Not About Selling the Loans, but About Selling the Benefits
Gone are the days when traditional banks were the only funding option available for cash-strapped businesses. Moreover, we all are aware getting a loan from bank and other traditional providers is not at all easy. There is a long list of formalities, set eligibility criteria which businesses, especially startups find difficult to meet and fixed monthly payments can be quite stressing.
For the startups and businesses that are looking for easy and quick funding options- merchant cash advances is the ideal solution. The businesses that are in need of immediate capital to fund their business operations, have a billion dollar industry eager to fund them: MCA providers. The industry is just a decade old, but it has shown significant growth in the last few years. The MCA providers offer a lump sum payment to businesses against a share of future sales. The business owners are preferring the easy funding options such as merchant cash advances which provides plenty of room for the growth of merchant cash advance industry.