Even though alternative modes of funding have flooded the market, businesses are still opting for credit cash advances. Since, funds are always needed by business owners, it’s time that you mention the differences between a credit card cash advance and a MCA when you market your loan to UCC leads.
During lean times, one of the biggest decisions business owners need to make is where to get additional capital from and how to obtain it.
Continue reading Buying UCC Leads to Market Your Loan? Explain How a MCA Is Better than a Credit Cash Advance
Marketing a business loan, such as merchant cash advance, is a bit challenging. With so many providers having emerged in the recent years, the competition is soaring high. But, in order to choose the right course of action for your business, you need to ask two questions: Should you buy leads for your business?
If yes, you need to take care of two important things:
1. Are you going to take the job of follow-ups and nurturing them?
2. Can you afford to finance it?
Continue reading Does It Make Sense to Buy Leads for Business Loan Marketing? Yes It Does!
All merchant cash advance providers understand that MCA leads won’t be interested in taking a loan from them unless they are convinced about the benefits. And, the way providers educate them makes all the difference in the sale.
Cash is the most essential requirement of every small or mid-sized business enterprise. It is used for making payments to employees, suppliers, inventory maintenance, and a number of other functions for business growth. As a result of recession, the credit market has tightened its rules, and in other words, most banks are incapable of providing businesses with cash advances. So, what should businesses do to fulfil this requirement? Go for a Merchant Cash Advance!
Continue reading Five Advantages of Merchant Cash Advance MCA Leads That You Need to Know About
A merchant cash advance is a very convenient option for all cash-strapped business owners. Typically, these loans are more expensive than the traditional business loans taken from a bank, but one should beware of “too good to be true” financial solutions. Before you decide to target UCC leads for this, you should get yourself acquainted with every aspect of an MCA so that you do not end up in a financial disaster.
Continue reading The Wise UCC Leads Borrower and Merchant Cash Advance
Each year we witness new and prospecting merchant cash advance businesses, run mainly by small business owners and entrepreneurs. All these people who are new in the MCA industry get to see the real world: a world beyond virtual life and social media. What fascinates these newcomers is the fact that they can connect with prospecting clients by means of mailing them a small write up about themselves. But no technique “guarantees” success. Some small easy-to-make mistakes can ruin it all. Now the question is, even if you have a merchant cash advance mailing list, how should the direct mailing campaign be designed so that it reduces or avoids the probability of making these mistakes? Here are some of the mistakes easily made that are quite avoidable:
Continue reading Common Mistakes by Marketers While Using Merchant Cash Advance Mailing Lists
As merchant cash advance loans have become a popular choice, more and more businesses are opting for this mode of funding. Because of this, the competition is high when it comes to selling a MCA loan. MCA providers try their best at advertising their loans and they may even invest huge amounts of money in their marketing campaigns. In spite of that, businesses don’t get the desired return on their investment.
Continue reading Tips for Effective Direct Mails to Target Merchant Cash Advance Leads
You know that when you have to embark on a MCA marketing campaign, you need to have your strategies, road map, resources, and time and money all planned out. You have probably tried it before and have had different experiences every time in the past. Now, let’s assume you already have a highly targeted list of MCA leads, but do you know how you can make the most out of the opportunity? Well, all you have to do is educate your prospects on the benefits of merchant cash advance loans when you approach them via email or phone. Make sure your sales personnel is well informed about the industry and that they can answer all possible questions posed by your MCA leads.
Continue reading Planning a MCA Marketing Campaign? Sell the Benefits When You Sell the Loan
We all know that ACH (Automated Clearing House) is the electronic funds transfer network that processes debit and credit transactions in batches. It is widely used by businesses and is a very convenient option for business owners to receive payments from customers and also to send funding to their customers, such as for Merchant Cash Advances. The businesses that send funding to their customers are the ones who would benefit from ACH Leads. Building clients in the merchant cash industry is not an easy task. If you have a merchant cash advance business, then this means you need to reach the right people at the right time. For this purpose, ACH records have proven to be very helpful.
Continue reading Need a Boost in Your MCA Business? Get an ACH Leads List
When it comes to building clients, it is no easy task in the Merchant Cash Advance industry. Luckily, UCC leads can prove quite helpful. These lists contain the name and contact information of those businesses that have received a merchant cash advance previously and are expected to seek one again. The contact information of all these businesses is listed in the UCC list, including their contact number, email ID, city, address, etc.
Such businesses are listed in the UCC leads for 2 main reasons:
Continue reading Get UCC Records to Sell Your Merchant Cash Advances Effectively
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:
Continue reading Why Businesses Are Turning towards Merchant Cash Advance Loans and How You Can Fund Them