By Tricia Tetreault | Financing, Working Capital | Small business owners typically seek alternatives to merchant cash advances (MCA), such as small business loans or lines of credit, due to the extreme costs associated with MCAs. An MCA, which is a lump sum payment in exchange for a fixed percentage of your daily credit card receipts, can have APRs in […]
Handle Cash Flow Gaps
Minimum qualification requirements To qualify with Kabbage, you should be in business for at least one year and have a minimum of $50,000 in annual revenue or $4,200 per month over the last three months. Applying is Free› No Obligation to Take Funds Years in Business: 1 year + Business Revenue $50,000 Annually– or –$4,200 / […]
Getting Ahead
You’ve done it. You’ve started your own business, and now it’s time to set your own hours, be your own boss and make some money! But even after you get past the start up phase, you still need money to make money. Most businesses are grossly unprepared by year three (no pun intended)—that is, if […]
5 Factors That Affect Your Business Credit
Do you know What makes up your business credit score? What gives you the best chances of getting a loan? Here are a few items that play a role in your business credit picture, and what you can do to make the most of them: 1. Payment History – Your payment history is such an […]