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.
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.
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.
In the current scenario, while traditional banks are no longer catering to the funding demands of small businesses, alternative ways for funding have emerged in the market. After the recession, companies lost their credit ratings, and they were not eligible to be approved for loans. However, they still needed funding to sustain their business or for business expansions. At that point, it was the right time for Merchant Cash Advance lenders to step in. Now, it is easy for small businesses to apply for loans, even with low credit ratings and only one year in business. The alternative lending business has quickly become a popular mode of funding for business owners.
In the current economic scenario, traditional banks have ceased to fund small businesses, owing to their poor credit ratings. As a result, there is a huge demand for alternate ways of funding to help businesses survive or expand in the market. However, this economic downfall has also provided a great opportunity for alternate lenders to establish themselves as merchant cash advance businesses. Still, the major challenge that these businesses face is finding the right borrowers to target. MCA providers often begin with cold calling with no such MCA marketing strategy in practice.
The recession caused a worldwide economic meltdown. It affected all kinds of businesses, but the most affected were medium and small enterprises. However, there were two main reasons for their “suffering”. First, of course, was the steep decline in the demand of their products and services. Second—even more debilitating and demoralizing—their weaker credit ratings made it difficult to borrow from the banks. It can be difficult to obtain funding if your credit rating is in the red zone, especially if you are a medium or small sized enterprise.
Working with UCC lists or data to get hold of quality merchant cash advance leads is a very effective technique for closing new loans. That’s because the UCC lists prove to have a high conversion rate when it comes to MCA leads in the funding industry. A UCC list contains the details of individuals who have availed a merchant cash advance in the past and are likely to look for similar opportunities in future. The leads are warm, unlike other business lists available outside of this league, because the business owner already understands how alternative financing works. They understand the nitty-gritty of how the method functions as they have obtained funding in the past.
In order to scale your merchant funding business, you will always require fresh and qualified leads. However, finding the right leads supplier to partner with is seldom easy. Using our experience and know-how to find you the best MCA leads, we pitch in to take that load off your shoulders. Merchant Financing Leads works with five of the top ten funders in the merchant funding industry, and therefore, understands very well the needs of clients and delivers accordingly. Here is how we do it.
Generating Merchant Cash Advance Leads
While generating leads for businesses, we do not charge simply on the basis of making each direct mail call. Using our Pay per Call program, we ensure that our clients receive the number of leads they require, even if accomplishing that requires multiple mailings from us. We stick to our criteria of selecting businesses to ensure that they meet our client’s needs.
We usually deliver data lists the same day; however, they take no longer than 24 hours in all cases. Direct mail leads can start flowing in almost a week of placing an order. Also, the calls from each of our Pay per Call campaigns are tracked closely. To make the process easy for our clients, a unique 1-800 phone number is generated to direct all inbound calls. Online access to that number is given to our clients who use it to review reports on all calls received and email notifications with caller ID information and recordings of each call.
Applying for Leads Generation
With one of the most competent lead generation firms looking after your business needs, you do not have to worry. Even for the application to get started, we have a simple process that involves the following three steps:
- Share your expectations and business requirements with us.
- We will generate an invoice based on our mutual understanding of the job to be done.
- Pay for your invoice, and begin receiving your leads soon after.
Simple as that. For businesses, time is an equivalent of money. Therefore, the three steps above are intended to simplify the process of placing an order for our customers.
Using industry’s best practices that we have gathered over the course of our 12 years of experience in the funding industry, we deliver nothing but the best to our clients. We provide a consistent flow of fresh and unique merchant cash advance leads for our clients. If you want further information on how we can work with you to grow your merchant cash advance business www.merchantfinancingleads.com will be your best source of information and contact.
No matter how entangled you find yourself in your business, as a merchant financing professional, you recognize the importance of quality leads to keep your business running successfully. A critical investment for any business is having an up-to-date list of guaranteed prospects for lead generation. There are times when businesses are not doing well, and you rush through quick and easy sources to find a way to acquire fresh leads. However, while you allocate the task of generating fresh leads to your lead providers, you see a significant gap between your investments and returns.. What can be done in such a situation?
As a merchant cash advance business, you can only thrive on the partnerships you forge with other business owners in need of quick capital. Many such business owners are looking for merchant cash advances, but all of them may not meet your selection criteria; you need to track down the right ones to partner with.