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If you’ve read many of the pieces on the blog lately, you’ll notice a theme here: a lot of them have to do with alternative sources of funding. But trust us, there’s a method to our madness! Many founders struggle with securing that initial funding to start their business, and that’s a barrier we’re working to reduce. So if you’re looking for funding and banks have told you “no”, find out what a merchant cash advance (MCA is and whether it could be right for you.

What is a merchant cash advance?

An MCA is an alternative to bank financing in which cash is offered in exchange for a portion of the business’ future income. It’s a system that allows small business founders to receive an advance on credit card payments—so if your business doesn’t take plastic, unfortunately you’re out of luck. An MCA is not a loan, but rather a cash advance that is repaid against future revenues of the business (plus an agreed upon interest rate that’s usually fixed).

If you are starting your own business, there are times when the capital you have is not sufficient to develop your business, so you need additional funds as business capital. One alternative that can be taken in obtaining business capital is to apply for a loan with collateral or without collateral.

In reality, with the many conveniences in obtaining loans from debtors, sometimes it is not followed by how to manage business finances correctly. On this occasion, the BFI Finance team provides tips on how to use and manage loan funds carefully so that your business can be successful, while also avoiding losses due to not being careful in managing loan funds. Check out the following tips for managing loan funds.

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It happens to the best of us: we’ve located the ideal property, only to be outbid. Customers typically have to go above and above in seller’s marketplaces when demand is high and inventory is limited to stand out from the competitors.

Where to get a Small-Business loan with bad credit?

Bad credit to most business loan lenders is a borrower with a FICO score of 625 or less. Borrowers with low credit scores are considered high-risk borrowers, which explains why traditional lenders reject so many business loan applications. Luckily small business loans offered through companies like GetMoney.com are not credit score sensitive.

Bad credit business loans available in 2019

• Small business loans
• Working capital loans
• Merchant cash advances
• Short term business loans
• Invoice financing
• Purchase Order financing

Best business loans for bad credit, 525+ FICO score

If you are looking for a loan between $5,000 and $500,000 to expand your business, consolidate business debt, refinance existing debt, and other general purposes, GetMoney.com can help.
Small business loans for bad credit are based on the health of your business. Thus, your credit score isn’t the primary factor in getting approved for a small business loan.
Traditional lenders that work with small business owners are very conservative with strict guidelines. Alternative small business loan lenders have flexible guidelines that allow them to focus on the revenue generated and expected future cash flow.
Alternative business loans get approved with only 3 months of bank statements, making these loans a go-to source for access to immediate cash.

Seven states have tax policies on the books that could require them to treat student loans canceled by the federal government as taxable income.

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Borrowing Using Your Home Equity in times of COVID-19

As a homeowner starts to pay down their mortgage throughout the years, they begin building home equity. The more they pay toward their mortgage, the more home equity they gain for future use. Your equity will also rise if and when your property increases in value with the fluctuating housing market.

What First Time Buyers Need to Know About Home Loans

mortgage loan. This might be your first interaction with loans of this kind and scale. Don’t worry. There is a plethora of information out there that can help you make the best decision to suit your needs, your financial circumstances, and your geographical region.

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