Business Funding In Tough Times | The Mercatur http://mercatur.org/index.php/2008/06/09/business-funding-in-tough-times/ Helping you make the best mercantile choices.. Fri, 30 Dec 2011 01:10:40 +0000 hourly 1 http://wordpress.org/?v=3.0.4 Business Funding In Tough Times | The Mercatur http://mercatur.org/index.php/2008/06/09/business-funding-in-tough-times/#comment-665 phone credit card processing Tue, 11 May 2010 06:23:05 +0000 http://mercatur.org/?p=251#comment-665 Business cash advances are very popular right now. If your business processes credit cards and you have been in business for over a year, you can take out an advance with a cash advance company and you pay it back with every transaction you make. Ask your merchant account provider if they have a cash advance program available for you. Business cash advances are very popular right now. If your business processes credit cards and you have been in business for over a year, you can take out an advance with a cash advance company and you pay it back with every transaction you make. Ask your merchant account provider if they have a cash advance program available for you.

]]> Business Funding In Tough Times | The Mercatur http://mercatur.org/index.php/2008/06/09/business-funding-in-tough-times/#comment-626 how to autotrade Sat, 13 Feb 2010 17:39:26 +0000 http://mercatur.org/?p=251#comment-626 I agree with you Nate rivers , It's really same to me. I agree with you Nate rivers , It’s really same to me.

]]> Business Funding In Tough Times | The Mercatur http://mercatur.org/index.php/2008/06/09/business-funding-in-tough-times/#comment-620 Nick Bentley Sat, 30 Jan 2010 21:32:46 +0000 http://mercatur.org/?p=251#comment-620 I agree, banks have really gone on red alert with lending now. Someone I spoke with was trying to buy a $420,000 house with good credit and $200,000 down and he couldn't get a mortgage loan...wow. One financial product I've seen more businesses turn to is cash advances on their merchant accounts. It's basically a loan which is repaid by future income from your merchant account. The interest rates aren't too bad compared to a bank loan, and the amount is based on your monthly volume. Of course, it's not for startups with no history, but established business can get $8k-$200k depending on their volume and credit. I think it'll be 2-4 years before we see any kind of normalcy returning to the banking industry. It was just a perfect storm of the housing bubble driving prices up, that causing mortgages to be written to anyone who could sign their name, and wall street making mortgage backed securities out of all that bad debt. I agree, banks have really gone on red alert with lending now. Someone I spoke with was trying to buy a $420,000 house with good credit and $200,000 down and he couldn’t get a mortgage loan…wow. One financial product I’ve seen more businesses turn to is cash advances on their merchant accounts.
It’s basically a loan which is repaid by future income from your merchant account. The interest rates aren’t too bad compared to a bank loan, and the amount is based on your monthly volume. Of course, it’s not for startups with no history, but established business can get $8k-$200k depending on their volume and credit.
I think it’ll be 2-4 years before we see any kind of normalcy returning to the banking industry. It was just a perfect storm of the housing bubble driving prices up, that causing mortgages to be written to anyone who could sign their name, and wall street making mortgage backed securities out of all that bad debt.

]]> Business Funding In Tough Times | The Mercatur http://mercatur.org/index.php/2008/06/09/business-funding-in-tough-times/#comment-590 Wedding Function Venues News Thu, 17 Dec 2009 05:56:34 +0000 http://mercatur.org/?p=251#comment-590 But the suggestion of using a how or, a why in a bullet point is indeed valuable.This is a way will create inquisitiveness and people will identify it with some of their problems thus inducing them to read on or, explore further. But the suggestion of using a how or, a why in a bullet point is indeed valuable.This is a way will create inquisitiveness and people will identify it with some of their problems thus inducing them to read on or, explore further.

]]> Business Funding In Tough Times | The Mercatur http://mercatur.org/index.php/2008/06/09/business-funding-in-tough-times/#comment-568 Nate rivers Wed, 21 Oct 2009 00:12:50 +0000 http://mercatur.org/?p=251#comment-568 It's rough right now- I haven't been able to get an sba loan for my business even though I have 3 years of solid financials to show them. It’s rough right now- I haven’t been able to get an sba loan for my business even though I have 3 years of solid financials to show them.

]]> Business Funding In Tough Times | The Mercatur http://mercatur.org/index.php/2008/06/09/business-funding-in-tough-times/#comment-565 Group Medical Insurance Thu, 08 Oct 2009 18:29:01 +0000 http://mercatur.org/?p=251#comment-565 Started a small business myself last May, and trying to get a small business loan was a complete joke, and it was for a VERY minimal amount. Ended up taking out personal loans and turned profitable in under 12 months. It's not an easy road to get financing these days, that much is for certain. Started a small business myself last May, and trying to get a small business loan was a complete joke, and it was for a VERY minimal amount. Ended up taking out personal loans and turned profitable in under 12 months. It’s not an easy road to get financing these days, that much is for certain.

]]> Business Funding In Tough Times | The Mercatur http://mercatur.org/index.php/2008/06/09/business-funding-in-tough-times/#comment-564 Atv Financing Wed, 23 Sep 2009 06:54:53 +0000 http://mercatur.org/?p=251#comment-564 I would add if you are looking to get business financing today, make sure you have a solid business plan and a good sales pitch. It is much harder today then two years ago. But as the economy comes back it should improve. I would add if you are looking to get business financing today, make sure you have a solid business plan and a good sales pitch. It is much harder today then two years ago. But as the economy comes back it should improve.

]]> Business Funding In Tough Times | The Mercatur http://mercatur.org/index.php/2008/06/09/business-funding-in-tough-times/#comment-559 Jen Wed, 16 Sep 2009 11:34:37 +0000 http://mercatur.org/?p=251#comment-559 My advice is always do your math before going into another debt just to keep your company stable during these tough times. Sometimes, pulling out is the best option rather than being crippled by debt. My advice is always do your math before going into another debt just to keep your company stable during these tough times. Sometimes, pulling out is the best option rather than being crippled by debt.

]]> Business Funding In Tough Times | The Mercatur http://mercatur.org/index.php/2008/06/09/business-funding-in-tough-times/#comment-560 Jen Wed, 16 Sep 2009 11:34:37 +0000 http://mercatur.org/?p=251#comment-560 My advice is always do your math before going into another debt just to keep your company stable during these tough times. Sometimes, pulling out is the best option rather than being crippled by debt. My advice is always do your math before going into another debt just to keep your company stable during these tough times. Sometimes, pulling out is the best option rather than being crippled by debt.

]]> Business Funding In Tough Times | The Mercatur http://mercatur.org/index.php/2008/06/09/business-funding-in-tough-times/#comment-556 Ashlee Mon, 07 Sep 2009 23:19:51 +0000 http://mercatur.org/?p=251#comment-556 Great article with lots of great information. Great article with lots of great information.

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