Fastpoint :: Growing Your Business
Merchant Cash Advance firms offer a unique path to financial salvation for businesses in need of working capital.
In today's economy financial lending institutions are tightening their restrictions and the amounts they lend. Due to new lending practices merchants are finding it harder and harder to acquire necessary funding to help their businesses thrive. A Merchant Cash Advance can provide greater access to these needed funds and in less time. The best part, it's not a loan.
Only Half Survive
Our economy is in bad shape. We live and work in a recession that economists still debate about when it will end. In past recessions small businesses led the way for the economy to bounce back and grow strong again. Small businesses employ more American workers than large firms, making up over 99% of the country's employers. But small businesses are getting hit hard in this recession as the changing economy makes it hard to adapt.
Dangerous Funding
Small businesses aren't hiring. This is a significant problem, not just for the unemployed seeking work, but for the nation as a whole. The past two recessions this country went through ended because of small business hiring practices. Small businesses aren't hiring because they aren't thriving. Credit lending firms have imposed such tight restrictions that many business owners have had to pledge personal assets in order to procure capital to fund the basic operations of their businesses.
Not Enough Cash
In a recent survey of small businesses by the NFIB Research Center, only 8% of small business owners felt that they had adequate cash flow. That means that 92% of small business owners don't have enough funding to adequately run their business. And, with our nation's banks' increased restrictions on small business loans, it's no wonder merchants can't get the capital they need to survive in this economy.
Tough to Do Business
Businesses are dropping like flies these days. If the trend we've seen in bankruptcies continues on, there will be an average of 300 businesses filing for commercial bankruptcy every day. One of the common factors of this dilemma is that most businesses are having difficulties finding the funds they need do conduct business. It doesn't have to be this way though. A Merchant Cash Advance can be the answer for many businesses.
