What Can You Use a Merchant Cash Advance For?


Debt doesn’t have to be a scary word, especially in the business world. Although you need to be mindful not to carry too much debt, borrowing money can also help your business succeed. Here are a few ways you can use an MCA to meet your current business needs or expand your operations.

Inventory Needs

As a business, you need products to make sales. Buying inventory in bulk can save you money through discounts, but it can use up most of your capital. Instead of depleting your cash reserve, you can use an MCA to stock up, update your product lines, and meet customer demand.

Unexpected Costs

When emergencies and unanticipated expenses arise, they can wreak havoc on a business’s cash flow. An MCA offers a way for your company to access cash quickly. It’s an excellent option for short-term relief so you can take care of your needs promptly.

Pandemic Assistance

Short-term relief has been essential for business owners during COVID19. Some business owners have had to buy expensive PPE to keep staff safe, while others have experienced a change in revenue. If you’re experiencing hiccups in your business cycle due to coronavirus, you may be eligible for a pandemic loan.

Making Payroll

Finding the right talent is half the battle of running a successful company. Having to let staff go prematurely can hurt a business’s bottom line. Financing helps owners avoid unnecessary layoffs and furloughs.

Purchasing and Renting Equipment

Getting equipment can be expensive. To avoid eating up cash reserves, owners have the option of financing their purchase rather than buying machinery out-right. Using a merchant loan can help you avoid tapping out your cash buffer. That way, you still have a financial safeguard for the ups and downs that come with running a business.

Commercial Rent

Maintaining a physical store location often comes with a whole slew of additional fees and expenses. When revenue temporarily dips, additional funds can help you make rent on time.

Operational Costs

Working capital refers to everyday business operating expenses, such as rent, wages, and utilities. An MCA can help you catch up on temporary cash flow gaps so you can pay your rent and bills on time to avoid late fees or have enough money to pay your employees.

Growth and Expansion

You can also use borrowed funds to grow and expand your business. Whether you need to purchase equipment or hire new staff members, you can use an MCA to make it happen. Invest in your business and stay ahead of the competition.

Taxes

Sometimes, owners run into the issue of owing more than expected come tax season. When in a bind, MCAs are a good option for bridging short-term cash flow gaps. Instead of using your nest egg to pay the IRS, you can repay owed funds with a portion of your future sales.

Onboarding Employees

Bringing new staff members on is no cheap feat. Business cash advances can be used for training hires and securing top talent. Investing in the right employees can help small businesses achieve larger initiatives.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

How do I get the big bucks for my business?

Funding should never stand in the way of your business concepts and goals. After the insane past few years, it might seem to be more difficult to get the funding you need to grow your business, but after speaking to our financial professionals, you will have options for getting up to $5 Million Dollars in funding. Sounds like a dream, huh?

If you are trying to jump into some of those businesses that require a little more funding to get started – restaurants, transportation companies, auto repair shops ,you could benefit from a Merchant Cash Advance that could provide up to $5 Million Dollars in funding for your business. 

What Is a Merchant Cash Advance?

A merchant cash advance (MCA) provides a business cash upfront in exchange for a percentage of its future sales. It’s an alternative financing option for business owners to get funding without collateral or personal credit requirements. An MCA is also called a credit card processing loan because it’s commonly utilized by companies that accept payments through a business merchant account.

As the name suggests, MCA isn’t a loan but an advance based on a company’s creditworthiness, future sales, and past debit card and credit card sales. When you apply for an MCA, you and the lender agree on an advance amount, a payback amount, and a holdback percentage. The agreed-upon holdback percentage is withheld from your daily sales as payment and the holdback percentage will apply until your balance is paid in full.

The payback amount will depend on a factor rate set by the lender based on their risk assessment of your company’s creditworthiness. The factor rate is inclusive of fees and interest rates; you multiply the cash advance by the factor rate to get your total repayment amount. The higher the rate, the higher you pay.

Repaying an MCA back depends on your daily revenue. Thus, with more sales, you can pay back the advance faster. You’re not obligated to pay more if you’re experiencing low sales but it does prolong the repayment period.

What Types of Businesses Use Merchant Financing?

Merchant financing is best for businesses looking to fund a profitable opportunity to generate revenue, like the bulk purchase of quick-turnaround inventory. An MCA is also a great financing option for companies that are borrowing to expand their operating capacity through the acquisition of machinery or to bring in extra help during peak season. Businesses that utilize merchant financing include:

  • Retailers, distributors, and suppliers
  • Transportation companies
  • Service-based businesses, like hair and nail salons
  • Bars and restaurants
  • Specialty trades
  • Auto repair shops

An MCA is a great option for businesses that process a high volume of credit card transactions. Before taking on any business financing, make sure you understand the costs associated with your loan. In addition, ensure you have enough cash flow to make payments, especially since an MCA needs to be paid back daily.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

How to Fund a $5 Million Dollar Business Concept

Got a big business concept brewing but worried about the funds it takes to get it moving? With all the business owners pivoting into new and more profitable industries, and people looking to make a career change and take the leap into owning a business, funding should never stand in the way.

Got a big business concept brewing but worried about the funds it takes to get it moving? With all the business owners pivoting into new and more profitable industries, and people looking to make a career change and take the leap into owning a business, funding should never stand in the way. 

After a pandemic that has caused a financial disruption across the board, many business owners are trying to find new ways to get the funding that they need to put their business plans into action. Especially if you are trying to jump into some of those businesses that require a little more funding to get started – restaurants, transportation companies, auto repair shops. For these bigger business plans, you could benefit from a Merchant Cash Advance that could provide up to $5 Million Dollars in funding for your business.

What Is a Merchant Cash Advance?

A merchant cash advance (MCA) provides a business cash upfront in exchange for a percentage of its future sales. It’s an alternative financing option for business owners to get funding without collateral or personal credit requirements. An MCA is also called a credit card processing loan because it’s commonly utilized by companies that accept payments through a business merchant account.

As the name suggests, MCA isn’t a loan but an advance based on a company’s creditworthiness, future sales, and past debit card and credit card sales. When you apply for an MCA, you and the lender agree on an advance amount, a payback amount, and a holdback percentage. The agreed-upon holdback percentage is withheld from your daily sales as payment and the holdback percentage will apply until your balance is paid in full.

The payback amount will depend on a factor rate set by the lender based on their risk assessment of your company’s creditworthiness. The factor rate is inclusive of fees and interest rates; you multiply the cash advance by the factor rate to get your total repayment amount. The higher the rate, the higher you pay.

Repaying an MCA back depends on your daily revenue. Thus, with more sales, you can pay back the advance faster. You’re not obligated to pay more if you’re experiencing low sales but it does prolong the repayment period.

What Types of Businesses Use Merchant Financing?

Merchant financing is best for businesses looking to fund a profitable opportunity to generate revenue, like the bulk purchase of quick-turnaround inventory. An MCA is also a great financing option for companies that are borrowing to expand their operating capacity through the acquisition of machinery or to bring in extra help during peak season. Businesses that utilize merchant financing include:

  • Retailers, distributors, and suppliers
  • Transportation companies
  • Service-based businesses, like hair and nail salons
  • Bars and restaurants
  • Specialty trades
  • Auto repair shops

An MCA is a great option for businesses that process a high volume of credit card transactions. Before taking on any business financing, make sure you understand the costs associated with your loan. In addition, ensure you have enough cash flow to make payments, especially since an MCA needs to be paid back daily.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

Getting the funds you need with MCA Loans

What is an MCA Buyout loan?

Let’s begin with the formal explanation of a merchant cash advance (MCA) and a brief history. A merchant cash advance is simply a lump sum advance of funds from one party to another with a set payback amount. For example, a restaurant that receives $10,000 and agrees to pay back $13,000 from future revenue is a typical MCA. If this sounds a lot like a loan, you’re right. That’s why a brief history and an explanation of the nuances is important.

Originally, merchant cash advances were paid back based upon a percentage of future revenue. By definition, the payback terms varied depending upon future earnings. This method was popular in the restaurant industry, among others, that had trouble securing funds from traditional banks and relied heavily on credit card sales. Take our example above, where a business owner received a $10,000 advance and agreed to pay back $13,000. If the terms of the advance called for 10% of monthly credit card receipts to be paid to the funder, then:

Example 1: 10% of $5,000 in monthly sales = $500. The payback would be 26 months.

Example 2 : 10% of $10,000 in monthly sales = $1,000. The payback would be 13 months.

The APR of Example 1 is obviously much more advantageous than Example 2.

Over time the MCA industry began to shift to set daily payback amounts— known as a “holdback”—sometimes through credit card receipts and increasingly through automatic debits known as an Automatic Clearing House (ACH) payment. This created more clarity for both the borrower and the lender, making it easier to determine the APR on a particular advance. But even though an APR is usually important to the business owner, it’s rarely presented in these terms by the MCA lender. They have two very good reasons for doing it this way.

  1. Acknowledging that a Merchant Cash Advance carries an interest rate means it looks and acts more like a loan. MCA companies explicitly state in their agreements that advances are not loans because they would be taxed differently and they would open themselves up to regulatory scrutiny.
  2. The APR’s on advances are extremely high and have the potential to spook borrowers. Even though the industry has become extremely competitive, APR’s on an MCA can range from 10% to 150%. In some cases, even higher.

For obvious reasons, even companies that historically offered loan products refer to them in the agreements as advances.

Why You Should Consider a Merchant Cash Advance

If you’re considering this type of funding, it’s probably because you’ve been turned down by a traditional financing company or you are in need of quick cash. If that’s the case, you can’t think about it in terms of percentage. You have to think about the opportunity cost of not getting the financing, the savings in time, and the value of the money to you personally based upon your situation. If friends and family aren’t an option, and you’re not in a strong enough financial position to secure a loan or a line of credit from a bank, then an MCA might be your fastest and best option.

Benefits of Taking a Merchant Cash Advance

  • Unsecured. Most merchant cash advances are unsecured loans, meaning no tangible asset is pledged against the money. The funder is assuming the risk of the advance, which is why the fees associated with an advance are higher than normal lines of credit or bank loans. It’s important to know that the MCA is taking on 100% of the risk in this situation. Having said that, you will be asked to sign a personal guarantee, which means your credit score is at risk should you default. Moreover, the MCA can take steps to collect their money from you personally in the event of a default, which can be more than a headache.
  • Fast Funding. Merchant cash advances are typically turned around in less than a week if you’re deemed eligible by the funder’s underwriting standards and you have the proper documentation in place. These include:

    • 3 to 6 months of business bank statements
    • Prior year’s tax return
    • Certificate of Incorporation
    • Copy of a driver’s license
    • Completed application with personal information
    • Proof of tenancy. This includes a mortgage deed if you own your property or a valid lease. If you lease your business space, be sure you’re current because funders typically contact your landlord.

Most business owners are able to provide the documentation above with relative ease. Being prepared with these items will greatly speed up the underwriting process.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

Which CDL Class Do I Need?

Defining a CDL – Commercial Driver’s License

A commercial driver’s license (CDL) is a driver’s license required to operate large, heavy, or placarded hazardous material vehicles in the United States in commerce. There are several different types of commercial motor vehicles (CMVs) that require a driver to hold a valid commercial driver’s license. Employers actively look for CDL drivers with one of these license classes, so it is recommended that you get the one you need before applying for your dream job. 

To drive certain specialized types of vehicles such as buses or tank trucks or carry hazardous materials, you must also apply for the proper endorsements on your CDL. Endorsements include:

  • Passenger (P), allowing you to carry passengers
  • Tank (T), allowing you to drive trucks containing liquid cargo; and 
  • H (Hazardous Materials), allowing you to drive trucks containing such hazardous materials as flammable liquids, explosives, or radioactive substances. 

To obtain an endorsement, you will need to pass a specialized knowledge exam and possibly a specialized driving skills test. To obtain an H, P, or School Bus (S) endorsement, you must successfully complete training from FMCSA-approved training providers. To obtain an S endorsement, you must also undergo a thorough background check. (Source: https://driving-tests.org/cdl-classification-licenses/)

What is a Class A CDL? 

A Class A commercial driver’s license is required to operate any combination of vehicles with a gross combination weight rating (GVWR) of 26,001 or more pounds, provided the towed vehicle is heavier than 10,000 pounds. With a Class A CDL and the proper endorsements, you may drive the following types of vehicles: Tractor-trailers Truck and trailer combinations Tank vehicles Livestock carriers Flatbeds Tractor semi truck with flatbed trailer image credit With the proper endorsements, your CDL Class A may also allow you to drive some Class B and Class C vehicles. 

What is a Class B CDL?

A Class B commercial driver’s license is required to operate a single vehicle with a gross combination weight rating of 26,001 or more pounds, or tow a vehicle not heavier than 10,000 pounds. With a Class B CDL and the appropriate endorsements, you may drive the following types of vehicles: Straight trucks Large passenger buses Segmented buses Box trucks Dump trucks with small trailers Tractor-trailers Young man entering a HART’s passenger bus (image credit) With the proper endorsements, your Class B CDL may also allow you to operate some Class C vehicles. 

What is a Class C CDL?

A Class C commercial driver’s license is required to operate a vehicle that is designed to transport 16 or more occupants (including you, the driver) or transport hazardous materials (HazMat), materials that are classified as hazardous under federal law. With a Class C CDL and the proper endorsements, you may drive the following types of vehicles: Small HazMat vehicles Passenger vans Combination vehicles not covered by Classes A or B (Source: https://driving-tests.org/cdl-classification-licenses/)

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

How to get a CDL in Florida


If you are thinking about getting your CDL to drive commercially, there are qualifications you must meet. The following are the guidelines and requirements according to the State of Florida.

Qualifications to Apply

All applicants for a Commercial Driver License are required to have an Operators License and pass the vision requirements. Applicants must be at least 18 years of age. If they are under 21, they will be restricted to intrastate operation only.

Conditional Learner’s Permit

Before proceeding to the CDL part of the process all persons seeking a new commercial driver license must obtain a Conditional Learner’s Permit. The CLP allows you to practice driving on public roads with a qualified CDL holder riding with you. To acquire one you need to:

  • Possess a Florida driver’s license.
  • Pass the appropriate knowledge exams.
  • Pass a vision test.
  • Provide proof of identity and residency. This will likely be your current driver’s license, but check with a Division of Driver Licenses office to be certain of what they require.
  • Pass the Division of Driver Licenses medical exam.
  • Submit to a driving record review. Your driving record for the past 10 years will be up for examination.
  • Pay the appropriate fee.

Following satisfactory completion of all the requirements for the CLP and a 14-day waiting period you can obtain your CDL by taking the vehicle driving skills test; which comprises:

  • Vehicle inspections tests.
  • Basic controls testing.
  • A commercial driving road test.

***Go to the State of Florida CDL Skill Sites page for a list of test sites.

Classifications and Exam Requirements

Class A Exam Requirements – To operate trucks or truck combinations weighing 26,001 lbs or more, and towing a vehicle/unit over 10,000 lbs, then a Class A license is needed. The following tests are required:

  • General Knowledge test
  • Combinations vehicle test
  • Air Brakes
  • Pre-Trip
  • Basic Skills
  • CDL Road Test
  • Applicable exams for desired endorsements

Class B Exam Requirements – To operate straight trucks and buses 26,001 lbs or more, then a Class B license is needed. The following tests are required:

  • General Knowledge test
  • Air Brakes (if applicable)
  • Pre-Trip
  • Basic Skills
  • CDL Road Test
  • Applicable exams for desired endorsements

Class C Exam Requirements – To operate vehicles transporting placarded amounts of hazardous materials, or vehicles designed to transport more than 15 persons including the driver with a Gross Vehicle Weight Rating of less than 26,001 lbs, then a Class C license is needed. The following tests are required:

  • General Knowledge test
  • Air Brakes (if applicable)
  • Pre-Trip
  • Basic Skills
  • CDL Road Test
  • Applicable exams for desired endorsements
  • Endorsements are required for driving doubles/triples, tanks, passenger and hazardous materials.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

Which Industries Benefit from MCA Loans


A merchant cash advance can benefit just about any small to medium-sized business. No matter who you are or what industry you’re in, you’re free to employ these advancements in any way you see fit, as there are no fixed rules to bind you. As a result, there are numerous examples of business owners successfully distributing their capital in various methods. Our clients have used their merchant cash advance in multiple ways to expand their businesses, and we’ll describe some of the more popular ones here.

Restaurants

Restaurants can have significant ups and downs when it comes to cash flow. This industry is a good fit because most restaurants accept credit card payments. In addition, it corresponds to the pace of a restaurant’s sales, ensuring that they do not remit an amount they cannot afford. As a result, many restaurant operators seek merchant cash advances. Another reason is to expand into other locations. Other expansion options with restaurant funding include starting a catering business, providing delivery services, and opening a second restaurant site.

Retail

Business trends in retail establishments can be volatile. If you own a retail establishment that occasionally endures a sales dip, having additional funds on hand could help you keep your store open. A merchant cash advance can be a suitable choice because many customers pay with their credit cards. Having a cash advance or retail funding allows you to refill inventory safely and, as a result, earn more sales.

Salon

Customers who come to your salon for manicures, massages, and other sorts of pampering are almost certainly paying with a credit card. In addition, you can use merchant money to upgrade your salon’s equipment, hire more technicians, or purchase new marketing materials because loyal customers are crucial to your salon’s business to increase customer happiness. Consequently, salon operators can use their merchant cash advance or salon funding to cover fixed costs like rent, inventory, and payroll.

Auto Repair

Small business operators in the auto repair industry face difficulties repaying loans. If you don’t pay your loan, the bank may seize your business’s machinery, equipment, and other high-value components. Use a merchant cash advance to avoid this since your customers will likely pay for repairs using their credit cards. In addition, you’ll be able to remit a portion of these sales until you’ve met your obligation, removing the risk of not being able to complete a strict payment schedule. After receiving merchant funding or auto repair funding, you can buy new equipment, pay for marketing, or expand your business. Don’t get left behind by your competitors! Auto repair firms with extra working capital can provide better service.

Hotels & lodging

The hotel business is no exception to the seasonal ups and downs. A debit or credit card is commonly used to pay for most hotel bookings booked in advance, whether online or by phone. The offseason is an ideal opportunity to enhance their lodgings, but working cash may not be adequate to fund such renovations. Applying for an MCA is very beneficial for this industry in these situations when hotel business funding is needed.

Agriculture

Agribusinesses have their share of drawbacks, just like any other business. Several things could go wrong, such as bad weather, unexpected livestock deaths, and insect infestations. A natural disaster or climate change could hurt an agribusiness. Starting an agricultural business will necessitate a significant initial investment. As a result, one can purchase all farm equipment and supplies one needs to get started. Due to the considerable expenditures of starting and running an agribusiness, cash flow issues are almost unavoidable. One’s ability to pay their workers and suppliers on schedule may be hindered by cash flow issues. One will require financing or agriculture funding if one does not have the funds to cover all costs immediately.

Real Estate 

There are a lot of companies that specialize in giving real estate businesses an MCA. It’s an unsecured loan to help them build infrastructure, repair and renovate, advertise, and grow their businesses, among other things. To prevent losing earnings, one may also obtain a speedy advance to start a transaction and pay back soon once the deal closes. Another scenario in which MCA and real estate funding can be beneficial is when you are faced with a shortage of capital at the last minute while trying to secure funding to complete a purchase.

Having access to a merchant cash advance can assist you in growing and improving your business. You may be eligible for this type of financing if your company is in one of the listed industries. Merchant cash advances can also benefit other industries, such as those that accept credit cards.

Merchant cash advances may be used in any way a firm deems suitable.  To make sure it can pay back its lender, the company must develop a strategy for utilizing its MCA as quickly and efficiently as possible.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

How a Merchant Cash Advance Loan can help your business


A merchant cash advance, also called an MCA, provides alternative financing to a traditional small-business loan. With an MCA, a company gives you an upfront sum of cash that you repay using a percentage of your debit and credit card sales, plus a fee.

Merchant cash advances are best for small businesses that need capital immediately to cover cash-flow shortages or short-term expenses. But this type of financing can carry annual percentage rates in the triple digits and create a difficult cycle of debt. Generally, you should consider all other small-business loan options before an MCA.

Here’s what to know about merchant cash advances, how they work and what to keep in mind before choosing one for your business.

How merchant cash advances work

A merchant cash advance company provides your business with a lump sum of capital. But an MCA isn’t a loan. Instead, that provider is purchasing your future sales, and you’ll use those sales to repay the funds — plus fees.

Merchant cash advance repayments can be structured in two ways:

Percentage of debit/credit card sales

This is the traditional way an MCA is structured, in which a merchant cash advance provider automatically deducts a daily (or weekly) percentage of your debit and credit card sales until the advance is repaid in full.

Unlike other types of business loans, merchant cash advances don’t have typical repayment terms. Repayment periods are based on your sales and can range anywhere from three to 18 months; the higher your credit card sales, the faster you’ll repay the advance.

Fixed withdrawals from a bank account

Merchant cash advance companies can also withdraw funds directly from your business bank account. In this case, fixed repayments are made daily or weekly from your account regardless of how much you earn in sales, and the fixed repayment amount is determined based on an estimate of your monthly revenue.

This type of MCA repayment structure allows you to calculate exactly how long it will take to pay the advance back based on the amount borrowed and can be better suited for businesses that don’t rely heavily on debit and credit cards sales.

Merchant cash advance rates and fees

Instead of a traditional interest rate, merchant cash advance companies charge their fees as a factor rate. Factor rates typically range from 1.1 to 1.5, varying based on the provider’s assessment of your business.

The factor rate you’ll receive will likely depend on your:

  • Industry.
  • Years in operation.
  • Business financials.
  • Debit and credit card transactions.
  • Personal credit score.

Businesses whose ability to repay looks riskier will likely receive higher factor rates — and pay higher fees as a result.

The factor rate also does not include any additional fees the merchant cash advance company may charge you for working with it, such as administrative fees or underwriting fees, which will increase the total cost of your financing.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

How to Find the Best Wholesale Drop-Shipping Suppliers


Unfortunately, not all dropshipping suppliers are created equal. There are many retailers out there who disguise themselves as wholesale dropshipping suppliers. These retailers don’t offer value for money, but they are good at making it look like they do. For this reason, it’s important to do thorough research before choosing a supplier. 

While you can always change supplier if issues arise, it’s better to find trustworthy partners from the outset as they can impact nearly every aspect of your business, including:

  • Customer happiness, loyalty and reviews
  • Delivery times and cost
  • Product quality, pricing and consistency
  • Your business’ reputation and brand name
  • Your working hours and stress levels

Finding Dropshipping Suppliers

From directories to phone calls, there are a range of ways to find great suppliers for your dropshipping business. Here are our best tips to get you started.

Contact manufacturers

Reach out to the manufacturers of the products you want to sell for a list of the suppliers they work with. This simple step ensures you’re looking at legitimate suppliers. If the same name appears, again and again, this may be your ideal supplier.

Try out Niche Scraper

Niche Scraper is a product research tool, which helps dropshippers spot trending items. It also provides users with a daily list of recommended products, suppliers and ad targeting approaches curated by their experts.

Go to a trade show

Find out if any trade shows in your niche take place near you. Tickets can be costly, but trade shows are a great way to meet suppliers and view products in person.

Research extensively

As we mentioned, many wholesale dropshipping suppliers haven’t mastered marketing yet. With this in mind, you should Google various search terms and look past the first page of Google results. Don’t disregard a supplier just because of a clunky website.

Order from competitors

Order some products from competitors or dropshippers you want to be like. Searching the return address will tell you who their dropshipping supplier is. This is a great opportunity to check out the competition and find potential suppliers at the same time.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.

Apply on our website to find out if you qualify, or call today for a free consultation: 1-888-294-2584

Should you consider becoming a trucker driver?


Below are seven reasons why driving a truck — either as an owner-operator or for a small freight carrier—might be the perfect career choice.

1. You don’t want to spend years training for a career.

If you’re ready to get working and get paid, a trucking career might be the perfect career choice for you.

Commercial Driver’s License (CDL) training programs take seven weeks to complete. There are different requirements depending on where you work post-training, but you won’t spend years preparing for a career. Instead, you will learn on the road and start earning money quickly.

2. You want to be paid well.

Truck driving careers are known for a great starting salary with excellent growth potential as you gain experience. While the pay varies depending on whether you are an owner-operator or work for a large shipper (like Walmart), the average starting owner-operator salary in the United States currently sits at $48,310. However, it’s not uncommon for those in the trucking industry to earn six figures.

A truck driving job is a great career for those who want to start earning a high annual salary without spending years on training. While there is required training and paperwork that goes into getting your CDL and authority, the pay is often worth it for truck drivers. If you work for a trucking company, there are also no significant upfront costs.

3. You want benefits.

Many truck driver jobs include employee benefits, even entry-level positions. When working for a small, medium, or large carrier, you may be eligible for health insurance, dental and vision coverage, and life insurance if you are a full-time employee.

Some carriers also provide 401(k) or other retirement savings plans, bonus incentives, referral bonuses, and other benefits. Depending on your position and trucking company, these benefits will vary but may include vacation, paid time off (PTO), paid holidays, and overtime.

Owner-operator

4. You want job stability.

Along with great pay, most owner-operators don’t have trouble finding loads. 

Capacity (the number of drivers compared to the number of goods that need to be moved) is especially tight right now, but that depends on the market. As the demand for truckers heightens, you will have many growth opportunities throughout your truck driving career.

Truck driving careers can last a lifetime. There is no shortage of jobs, and according to the US Bureau of Labor Statistics (BLS), there’s no end in sight to the continued need. BLS estimates a 6% job growth through the year 2030.

5. You want to be your own boss.

Have you always dreamed of being your own boss? About one in nine truck drivers in the USA are owner-operators, which means they work for themselves. Owner-operators are responsible for filling their trucks with freight of their choosing (usually found on load boards) and are free to set their own schedules. While they have to maintain their equipment, owner-operators express a love of the freedom that entrepreneurship provides.

You don’t have to work for yourself or own a truck right away. Most commercial drivers start out working for carriers to gain experience. Later in your trucking career, if you choose to own a truck (or several), the business potential is endless.

6. You love to see new places.

Do you have a desire to travel? Did you love road trips when you were younger? If you love to drive and experience new places, long-haul truck driving might be the perfect career choice.

Driving an average of 2,000-3,000 miles per week, professional drivers and owner-operators are some of the most well-traveled professionals in the country.

7. You’re a veteran.

If you’re a veteran and you’re thinking, “Should I become a truck driver,” there are plenty of opportunities. With today’s truck driver shortage and continuing demand for freight shipping, drivers are in high demand.

In 2022, the US government announced the “Trucking Action Plan to Strengthen America’s Workforce,” encouraging veterans to think about truck driving jobs, saying that veterans’ skills and experience are a good fit. The Department of Defense offers opportunities to gain skills and credentials before leaving the service to fast-track veterans to be ready to work.

Other available programs to help transition to a truck driving career include the registered apprentice program, SkillBridge, and Even Exchange from the Department of Transportation. Veterans may also be able to tap into GI Bill benefits to attend truck driving school for becoming a truck driver.

Thinking of Starting a New Business?

Now is the time! With our society ready to get back in action (safely), new business concepts are quickly emerging with creative flows for serving the public without the high risk of spreading the virus. Put your innovative business concepts into play, and connect with us to get the funding you need to start your newest venture!

Financial restraints have been a complaint for many of the dreamers, limiting themselves to their immediate funds. There is an alternative. If you have the dreams and decent credit, Small Business Loans and No Doc Loans are available to you. Our goal is to provide you with the knowledge you need and the resources available to make your dream a reality. Give us a call – we have the education and the perspective to help you obtain the loans you need for your small business. Visit our website or give us a call to find out what financial backing is available to make your business soar!

Unsecured Finances has over 10 years in the consulting business! We specialized in educating and assisting clients on acquiring Unsecured Business Loans and Start-Up Business Specialty Loans including; Unsecured No Documentation (No-Doc Stated Income) Loans, Unsecured Business Loans, and Unsecured Start-Up Business Loans and Lines of Credit from $10,000 to $500,000 without Assets.