Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Alternative to Bank Loans for Businesses

By Merchantpmf Subscribe to RSS | April 17th 2012 | Views:
loading
 
  



There are numerous ways to fund a business in the grand scheme of things. There are banks, credit unions, industry specific grant programs and competitions, investors, merchant cash advances, small business loans and many, many more creative ways to find capital for a small business in need. However, despite the plethora of methods for finding this funding, many business owners have not been able to secure financing for their businesses. There are many different reasons for this. The current state of the economy and the credit crunch means that where funding sources used to be numerous and more accessible, many have dried up or cut back significantly on their programs leaving business owners with a big problem when they find themselves in need of small business financing.

Many business owners, even those is steady industries that are not as tied to the ups and downs of the market, are finding themselves affected by the current state of affairs. For others, who are still doing well, the prospect of expansion or improvement is far off because even they cannot find the type of financing they need to make these projects a reality.

Luckily, the merchant cash advance industry has been growing in leaps and bounds in order to fill the hole left by other funding sources that have cut back on their involvement in small business financing. Over the past decade the industry has gone from a single provider nationwide to over 50 providers. Whereas businesses like restaurants and hotels, which were always considered high risk investments for banks and almost never qualified for small business loans, used to be the only ones using merchant cash advances, now any business that uses credit cards as a payment method can qualify and are applying.

So why the sudden jump in involvement with merchant cash advance? For many it has been a matter of necessity. After the small business loan industry began to shrink with the dip in the economy, many business owners turned to the merchant cash advance to get them through a rough patch or a slow season or simply to get themselves up and running again. For others it has been the convenience of the process, which is very quick and effective. Because bank loans can take weeks if not months to be approved for, the quick turn around and minimal paper work involved has made merchant cash advances a very attractive option for those in need of fast capital. This is especially important in these economic times when making through an extra month or so can mean the difference between a business closing or taking off.

The idea of a merchant cash advance is becoming less exotic in the small business world. Whereas once it was simply an alternate funding source for certain outliers, now it is a possibility for everyone from dentists to plumbers, restaurants to manufacturers. The growth in the merchant cash advance industry is enough to show how popular this method of small business funding has become.

Irish Taylor is a small business funding consultant with Paramount Merchant Funding and has been providing business owners with financing since 1992. For years she has helped people qualify for unsecured business loans and merchant cash advances.

Merchantpmf - About Author:
Irish Taylor is a small business funding consultant with Paramount Merchant Funding and has been providing business owners with financing since 1992. For years she has helped people qualify for a unsecured business loans.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/advertising-articles/alternative-to-bank-loans-for-businesses.htm

Related Advertising Articles Subscribe to RSS

Yuba City self storage: Founding resource in self storage business
Published by Bestchoice on November 30th 2011 | Business
Yuba City self storage amenities offer services to business enterprise and to domestic customers as ...
 
Pay monthly loans- Repayment of a Loan within a Month
Published by Buildmann on July 16th 2012 | Business
Pay monthly loans is a type of loan where a borrower takes up money and have to repay it within a mo...
 
Postcards are a must for any business
Published by Ireenekyoko on January 22nd 2012 | Advertising
Even if you have a very limited business budget at hand, you can always launch effectual business pr...
 
Easy steps to remove bad online reviews of your business
Published by Thereviewbuster Fdg on January 3rd 2012 | Advertising
We all know the importance of having a positive image. We want to see good things said about us byou...
 
Tamin Theodore Kim makes business success with his software development company
Published by Colbert Raynard on March 20th 2012 | Business
Athena Software Services, Inc., owned by Tamin Theodore Kim, is just one of the prestigious third-pa...
 
AAlabels is the one-stop shop for your business labeling needs
Published by Andy on December 1st 2011 | Advertising
If you ever had an opportunity to pop into a movie shop, a supermarket, a food restaurant, a station...
 
Effective communication creates good business
Published by Hipolit Jan on December 14th 2011 | Business
Advertising firms has to continually propel public relations to be live in the market and of course ...
 
Business News in Hindi- Making business easier
Published by Poojarajput on June 1st 2012 | Business
Every individual today, is keen on knowing what is happening around them and across the globe. It ha...
 
For the finest dissertation binding of any business in the UK then you need only come to Walter Newbury Partners Limited
Published by James Blee on August 3rd 2012 | Advertising
The Walter Newbury Partnership we have been binding books for over a century. Our reputation for qua...
 
For the fines bridging loans then contact Tiuta Plc
Published by James Blee on July 16th 2012 | Advertising
Are you looking for a business that can offer you a selection of the most flexible bridging loans? H...
 
Managed printer service for your business
Published by Glyn Jones on December 15th 2011 | Business
If you own a small business, then you would have of course realized the advantages offered by the ma...
 
Advantages of business coaching in Los Angeles: Three for Three
Published by Aldrich Wise on April 21st 2012 | Business
Business coaching in Los Angelescan elevate and accelerate your successby working through mental blo...
 
How LinkedIn can help your online business grow
Published by Puneet Gupta on May 2nd 2012 | Advertising
LinkedIn is the world’s largest professional network with more than 120 million members and still ...
 
The importance of business attorneys
Published by Blossom Dana on November 25th 2011 | Business
No matter how talented someone is in his field, many times a business fails due to legal issues. A C...
 
How Outsourcing Singapore business startup can Benefit Your Business?
Published by Andrews Thomas on December 29th 2011 | Business
Outsourcing Singapore business startup services to a reputed service provider can benefit the busine...
 
Advantages of hiring SEO Next professionals for your online business
Published by James Blee on March 3rd 2012 | Business
SEO Next professionals are in fact the most sought after among business establishments that are look...
 
Is business attorney is vital for running your business smoothly?
Published by Adli Law on April 3rd 2012 | Business
Let the technicalities of law must be handled by the professionals who adept in it and indulged in i...
 
Real aspects of moving freight business
Published by Pittervertigo on June 26th 2012 | Business
Moving of goods, people, etc from one place to another is the job of the transport companies. There ...
 
Are you looking for new Lifting equipment for your business premises?
Published by Julia Roger on March 28th 2012 | Business
Here at Liftsafe Soltuions we specialise in lifting equipment and our range of lifting equipment is ...
 
How important is business bookkeeping services in your small business?
Published by Matthew Thomas on February 22nd 2012 | Business
Bookkeeping services have helped companies in many ways which in turn helps a company grow. it has t...