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

Online business and its importance in the digital age
Published by SharonThomas on June 14th 2012 | Business
Online business is gaining more attention. Internet is used to find locations, shopping, look up for...
 
Web promotion through online business directories
Published by Bizy Globe on December 1st 2011 | Business
BizyGlobe, is a business directories which can give you information about any type of business or bu...
 
Reseller hosting provider: an opportunity to the new line in online business
Published by Genevieve Ackles on February 15th 2012 | Business
If you are working in IT industry and are looking for new business opportunities, there is a good op...
 
How can your business be benefitted with pick and pack services
Published by Diego Hall on March 13th 2012 | Business
This article focuses on the different functions performed by a pick and pack company. Before hiring ...
 
Starting a mobile car wash Tampa business
Published by James Blee on April 25th 2012 | Business
The current recession is one of the worst, with people losing jobs in huge numbers. Individuals are ...
 
Sell a struggling business
Published by Alice Mathew on July 31st 2012 | Business
This article will help you in selling a business which is failing or struggling....
 
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...
 
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...
 
Ensure advantages in business with distribution and fulfillment services
Published by Diego Hall on February 29th 2012 | Business
The distribution and fulfillment services ensure complete fulfillment of consumer orders as per desi...
 
Order fulfilment houses are the helping hand for your business
Published by Diego Hall on January 9th 2012 | Business
Handling a huge business alone is an impossible task and hence some works can be outsourced to other...
 
Why business has to be environment friendly?
Published by Greenbusiness on July 11th 2012 | Business
For a business world, Strategic sustainability consulting is of a paramount importance these days as...
 
There is a ton of kitchen equipment that you can take advantage of if you would like to create a catering business
Published by Adair Sawyer on May 17th 2012 | Business
So you are already starting to realize that you want to pursue the catering business. You think that...
 
IT support London can save your business
Published by Julia Bennet on April 7th 2012 | Business
When you run a business of any kind you need to make sure that all the important files, documents an...
 
Outsource your business to get more profit
Published by Diego Hall on April 3rd 2012 | Business
Improve your business performance by outsourcing your work load to order fulfillment UK. UK fulfillm...
 
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 ...
 
Motivational keynote speakers for today’s business
Published by Chris Adam on January 6th 2012 | Business
Business today has become highly competitive and a proper strategy is to be adopted at every level t...
 
Hiring external payroll services for you business
Published by Payroll1 on July 23rd 2012 | Business
The payroll is one of the principle sections of a business. It is the chief segment of an organizati...
 
Why should businessmen read Indian business news
Published by Nidhigupta on July 2nd 2012 | Business
Since the post-independence period, India's business and trade economy has grown and has flourished ...
 
An overview of Linked-in social marketing services and its implication in promoting online business operations
Published by Puneet Gupta on May 21st 2012 | Advertising
Online business is considered to be as one of the most flourishing venture now days. Due to the adve...
 
Need for business electricity
Published by Ashish Pandey on January 21st 2012 | Business
Business electricity needs should be properly fulfilled within a restricted business electricity pri...