Archive for 2010

Financing Business Startups: What ISOs Should Know

December 22, 2010
Article by:

This is the exact title of an article published in December’s issue of The Green Sheet. It informs the merchant processing industry that businesses have several financing options available to them and wait for it…. wait for it….. it talks all about bank loans. Thank you Green Sheet for neglecting to state the most feasible, […]

Most Small Business Owners Have Never Heard of a Merchant Cash Advance

November 5, 2010
Article by:

Sales representatives within the industry report on a whole that the Merchant Cash Advance program has to be explained from the ground up quite often with potential clients. Ranging from ‘not understanding how it works’ to ‘having never heard of it before’, all signs seem to indicate that there is a vast market still unaware […]

Merchant Cash Advance and Startup Businesses

October 20, 2010
Article by:

Kudos to the entrepreneurs taking a chance in the worst economic period of modern times. Starting a business is already a truly challenging task in itself but before we shower you with praise for being the ultimate warrior of capitalism, let’s put everything into perspective. Risk takers are a minority in today’s startup community. A […]

Merchant Cash Advance Industry Funded $254 Million in First Half of 2010

October 16, 2010
Article by:

The Merchant Cash Advance Resource estimates that approximately $254 Million dollars in Merchant Cash Advances were funded in the first 6 months of 2010. Using anonymous inside connections, we were able to determine precise monthly funding volume from some of the top 20 major funding firms. Using existing UCC filing research, private data, and mathematical […]

October Kicks Off Merchant Cash Advance Rush for Holiday Inventory Stock

October 15, 2010
Article by:

top shopper

Every October, retailers eagerly plan their strategy to capitalize on the impending holiday consumerism. 2010 is much like last year or worse. The long lasting recession has caused wholesalers and distributors to eliminate much needed payment terms for inventory purchases. It has become extremely challenging for retailers to purchase the amount of inventory required for […]

Direct Merchant Cash Advance Funders / Lenders

October 10, 2010
Article by:

Many ISOs are dabbling with funding their own merchants these days. The industry is maturing into a whole new generation of Broker/Funding hybrids. A great $10,000 deal might be worth your own private investment. 😀 The Merchant Cash Advance Resource has been compiling a directory of actual funding sources and invite you to be listed […]

New York Funding Race 2010

October 8, 2010
Article by:

New York State ranks in the top 5 for Merchant Cash Advance volume. We checked with the Secretary of state to find out just how many deals had been done in NY this year so far. Here is what we found: 1/1/2010 through 9/30/2010 AdvanceMe                                          163 deals Merchant Cash and Capital                 144 deals First Funds                                           […]

Georgia Funding Race 2010

October 6, 2010
Article by:

Of the 20 major Direct Funding firms, who are the real players? Where do small businesses in Georgia have the best odds of obtaining capital? We checked with the Georgia Secretary of State to find out just how many deals each of these funders have done this year so far. Here is what we found: […]

Merchant Cash Advance Blacklist

August 5, 2010
Article by:

If you default on a Merchant Cash Advance naturally or by breach of contract, there is virtually no chance you will be able to obtain a Merchant Cash Advance in the future. 2008 was a particularly brutal year for Merchant Cash Advance firms. Not only had the recession weakened the most aggressive players but merchant […]

How Did Merchant Cash Advance Companies Get My Information?

August 4, 2010
Article by:

I used a Merchant Cash Advance program and now I am being solicited because of it. How did these companies get my information? The Merchant Cash Advance industry is a competitive business. Most firms file a UCC-1 (public notice with your secretary of state) on your business to let potential creditors, lawyers, and other Merchant […]

Am I Talking to a Broker? Does it Matter?

August 1, 2010
Article by:

Many merchant cash advance applicants have found the relationship structure of the companies involved confusing. Others who thought they understood it, later found out they were wrong. There are likely to be at least 3 parties involved in the process. Below is a breakdown of each and their role: Cash Advance Provider: This is the […]

1 Application Turned into Multiple Credit Pulls

July 30, 2010
Article by:

credit pulls

Many merchant cash advance applicants have filled out a single form only to later find out their credit was pulled multiple times. This is common amongst brokers. Many brokers will take the application and then submit it to multiple Cash Advance Providers for review. They do this to increase the applicant’s chance of approval and […]