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Approaching ACH Leads? Explain How a Merchant Cash Advance Is Better than Traditional Financing

At times of stagnant economic growth, the traditional banks have stopped funding small businesses, due to their poor credit ratings. However, for a business to operate successfully, a smooth flow of cash is needed. So there are times when business owners start looking for alternative financing solutions such as merchant cash advances.

A merchant cash advance is an easy and flexible alternative to traditional loans. It is an advance on the future credit card sales of a business. Moreover, this financing solution doesn’t need any kind of collateral and it stays off your credit report. A merchant cash advance offers many benefits however; it has been observed that an MCA provider faces difficulty in finding the right prospects in order to sell business loans. Thankfully, high-targeted lists such as ACH leads exist to help you plan a strategic marketing campaign.

Continue reading Approaching ACH Leads? Explain How a Merchant Cash Advance Is Better than Traditional Financing

Planning ACH Marketing? Getting Our Up-to-Date ACH Mailing List Can Help

The ongoing repercussions caused by the lingering effects of the great recession are still affecting businesses throughout the world. Getting a loan from traditional banks is still a challenge for some business owners, especially smaller companies. Owing to their bad credit ratings or no credit, the banks cease to fund these businesses which induces the owners to look for alternative financing such as merchant cash advances. More importantly, this alternative financing option features an easy application process, higher approval rate and simpler repayments, which makes it a popular choice among business owners.

Continue reading Planning ACH Marketing? Getting Our Up-to-Date ACH Mailing List Can Help

Up-to-Date ACH Leads List Can Help Grow Your MCA Business.

Gone are the days when traditional banks were the only funding option available for cash-strapped businesses. Moreover, we all are aware that getting a loan from bank and other traditional providers is not at all easy. There is a long list of formalities, set eligibility criteria which businesses, especially startups, find difficult to meet and fixed monthly payments that can be quite stressing.

Continue reading Up-to-Date ACH Leads List Can Help Grow Your MCA Business.

Why Businesses Prefer Merchant Cash Advance and How You Can Fund Them

Gone are the days when traditional banks were the only funding option available for the struggling businesses. Nowadays, several alternative financing options have emerged that help startups and small businesses meet their capital needs in an easy way. Moreover, at times of stagnant economic growth, banks also refuse loans to businesses having poor credit ratings, so they look for alternative financing. In such a situation, merchant cash advances come out to be the best solution for the businesses struggling to get loans from banks. This is where you come in, but MCA providers continue to face difficulties finding the right prospects. Having a merchant cash advance leads list will help you target the right ones.

Two Major Benefits of a Merchant Cash Advance

Convenience- A merchant cash advance is a convenient and easy alternative financing option for all types of businesses. Unlike traditional loans, it does not require months of back and forth before the lean is even considered. There is no need to provide a specific business plan or back tax returns either. Normally, candidates for the loan will only need recent copies of recent bank statements and proof of your sales to receive an MCA loan.

Repayments are Even Simple- Unlike traditional banks where the borrowers pay a fixed monthly instalment as repayment, merchant cash advance repayments are a percentage amount of total credit sales, which can fluctuate based on sales volume. This feature is quite beneficial for the businesses as they do not have to worry about hefty monthly payments.

Though merchant cash advances are the most flexible business loans available, still it can be difficult for MCA providers to sell their services to businesses in need of this type of funding. The biggest reason is that most business owners aren’t aware about this alternative type of funding and how beneficial it can be. However, with merchant cash advance advertising, MCA providers can directly connect with the businesses that are actively looking for capital to grow. However, calling random people to hunt for prospective leads is a tiring and time-consuming process.

So, if you want your merchant cash advance marketing to garner effective results, the best way is to buy a merchant cash advance mailing list. These highly-targeted mailing lists contain detailed information about businesses who are seeking loans including contact details, city, phone numbers, etc. Having a reliable merchant cash advance leads list will help you launch an effective merchant cash advance advertising campaign to sell loans efficiently.

Know Why a Merchant Cash Advance Has an Improved Chance of Converting UCC Leads than Credit Cash Advance

When running a business, whether a manufacturing unit or service company, the most crucial part of operating it successfully is having a smooth flow of cash or working capital. But, from where does this capital come? One of the biggest decisions a business owner faces is how and where to obtain additional capital during lean times. Moreover, all the businesses listed under UCC leads need a lot of capital to launch their ventures.

Continue reading Know Why a Merchant Cash Advance Has an Improved Chance of Converting UCC Leads than Credit Cash Advance

Getting a Quality ACH Leads List Can Boost Your MCA Business. Here’s How.

Automated Clearing House, or ACH, is the electronic funds transfer network that processes debit and credit transactions in batches. Businesses find it a convenient way to receive payments from their customers and also recollect funds, especially merchant cash advances. Since the traditional banks have introduced strict policies and ceased to fund small business with poor credit ratings, merchant cash advances are the best solution.

However, unlike other businesses such as fashion stores, restaurants, etc. where finding prospective clients is easy, the MCA industry needs a more tricky approach. Finding prospective clients in the merchant cash advance industry is not child’s play. While as a MCA loan provider, you want to find prospective clients, it is really a time-consuming process and sometimes you end up contacting the wrong leads. So, getting a list of quality leads from a reputed lead generation service is the best approach. In this regard, ACH leads lists can prove quite helpful.

ACH leads contain the names and contact information for all those businesses who are looking for merchant cash advances as a source of alternative financing. Mostly, these businesses are the ones who have previously obtained a merchant cash advance and are expecting to seek this type of loan once again in the near future. Generally, the businesses opting for MCA loans are startups or companies with a bad credit history. To establish themselves in the marketplace, MCA is the best funding option for them. So, getting a quality ACH leads list will help you pitch your MCA loans to the right target audience. Besides this, all the businesses listed are familiar with alternate financing routes; therefore, they prove to be a sorted prospective set of clients for you.

ACH records will be an asset for your company’s marketing plans. Here, your target audience is only a phone call or a direct mail piece away. It will save you a lot of time, as you will not have to pick up a telephone directory and start calling random numbers. This will help you boost your sales and profits. For an MCA loan provider, looking for leads, these are very effective, since they bridge the gap between a lender and a borrower.

At Merchant Financing Leads, we provide high-quality ACH leads that help you reach your prospects successfully. We are a team of highly-qualified and dedicated marketing professionals who have been in the industry for a decade now and have assisted hundreds of thousands of businesses find prospective clients and sell MCA loans, thus helping them accomplish their goals. Having our fresh, up-to-date quality leads list in hand, you can reach your target customers fast and work on marketing campaigns with a more definite and clear approach, thus generating quick and concrete results.

Finding it Challenging to Sell Business Loans to Your Leads? Do You Know How a Compelling Business Marketing Strategy Can Benefit Your Business?

Selling merchant cash advance loans to your business leads is a daunting task. Getting a large volume of Merchant cash advance leads is okay, but to turn these leads into a success requires a great strategy. It’s mostly about a good pitch! At times, poor strategies also take away your potential prospects. A brilliant marketing strategy is the reason businesses grow! A clear strategy defines your vision, goals, and what you want to achieve from your business loan leads and helps you market them accordingly.

Continue reading Finding it Challenging to Sell Business Loans to Your Leads? Do You Know How a Compelling Business Marketing Strategy Can Benefit Your Business?

SBA or MCA – Which is the Better Funding Option for Small Businesses?

While gigantic companies and multinational corporations seek credit for special operations, small businesses, the ones who have just entered the corporate world, are short of finances and need capital to fund their day-to-day operations. In the starting phase of a business, there are so many things that are needed, such as inventory, hiring staff, technology, etc. Entrepreneurs know how difficult it is to manage the expenses and operate a business with low funds. Also, they need cash to make payroll, pay taxes, or avoid defaulting on existing debt obligations.

Every company, whether it is in construction or is a clothing merchant, in its starting phase needs financial support to grow and maintain their business. Usually, the companies seek funds from loan providers to meet their business operations. The flexibility granted by a loan or cash advance can mean the difference between thriving in a tough economy and joining the half of small businesses that fail during the first five years.

merchant account cash advance

For this reason, business owners really need to know what would be the best funding option for them. The two major funding options for small businesses are SBA loans and Merchant Cash Advances or MCAs. SBA loans are loans to small businesses who are unable to get a business loan through normal lending channels, with reasonable terms. The program operates through private-sector lenders that provide business loans which are guaranteed by the SBA or the Small Business Administration. A merchant cash advance is a quick and easy business funding option without the need for collateral. The MCA loans require no formalities, no credit checks, and are provided by private lenders. There is no involvement from any bank or other traditional loan providers.

SBA vs. MCA – Picking the Better Option

Still, many people are confused on which is the better option. Let’s make a comparison between the two and see which will work best for you.

Based on financing amounts, SBA loans offer numerous benefits. For organizations that need a few million dollars quickly, an SBA can be their best option. The approval time is around one week, and disbursement takes up to six weeks. The organization’s lending standards favor manufacturers with equipment and property as collateral. Now, merchant cash advances can start from $10,000 and can go up to $51 million. With merchant cash advances, business owners can access funds within a week and even within 72 hours in certain cases.

The next important comparison criterion is what the minimum qualification to apply for a loan is. When applying for an SBA loan, the applicant must meet a lengthy list of terms and conditions and even additional ones that have been set by the originating bank. For instance, an applicant,

Must base for-profit operations in the US

Cannot request government help before using up personal assets

Cannot be involved in certain financial, political, or religious activities

Cannot be delinquent on taxes or any other debts to the federal government

However, merchant cash advances do not require collateral or a personal guarantee. In most cases, even if the entrepreneur has a bad credit report or past bankruptcies, then they may still qualify for merchant funding. There are no major requirements for qualifying for merchant cash advances.

Few months operating history, which is sometimes optional

Monthly gross credit card sales, the amount generally depends on your loan provider

Documented gross monthly sales

No formalities and no credit checks

Merchant cash advances offer easy applications, fast processing, and repayments are even easier. The merchant funding companies recoup their funds by collecting a certain percentage of total credit card sales. So, we can say that merchant cash advance loans can be a little expensive as compared to traditional bank funding, but they are more flexible and forgiving with easy processing and even simpler repayments.

Count the Benefits that Your MCA Leads Can Get from a Merchant Cash Advance Loan.

Taking a business loan from a traditional bank involves tons of complexities. It’s just not easy! Poor credit history or no credit history makes it very difficult to get approved. But, that’s how traditional banks operate. So, why go the complex route when there is a much simpler way to get your business financed?

Merchant Cash Advance Loans are the quicker and easier way to get the funding you need!

So, whatever business goals you have—adding more stock to your inventory or hiring new staff, paying salary to your staff or buying a new piece of equipment—a Merchant Cash Advance is the right fund provider for your business. And on the top of that, the entire process of getting the loan is very easy! You don’t need to struggle with any drawn out application process or have to face any unnecessary delays. There are multiple benefits that your MCA leads can avail from a merchant cash advance loan.

Understand Merchant cash advance loans first

In simple terms, merchant cash advance loans are lump sum cash provided to your MCA leads against the future sales of their business. This is the only principle on which merchant cash advance loans operate. You need to commit a percentage of your future sales to the MCA lender. You can borrow this advance based on your current sales deposits, and then you’re absolutely free to invest the money the way you want for your business. And your MCA leads can avail this type of advance instantly and more conveniently than any other funding option.

So, sit back and count the benefits. There’s a lot that merchant cash advances promise.

Easy documentation

There is no arduous paperwork involved with a merchant cash advance loan. MCA providers operate on very simple criteria. Monthly credit card returns and the length of time in business. Say, the minimum credit required is $5000 and the time in business is nine months. Your MCA leads just need to process two months of bank statements, a copy of a mortgage or lease statement, and identification proof to streamline the whole application process.

Speedy approval

The approval process depends on how your business is performing in the market presently. There is nothing to evaluate from credit reports. The basic need is the stability of your business and the monthly income of the past few months. That’s why the approval rate of a merchant cash advance loan is really high as compared to other commercial loans.

Instant access to cash

The fast approval of your business loan application gives you instant access to the cash for your business needs. Normally, it just takes a week’s time to get the cash in hand. So, the entire process consumes less time and lets your MCA leads plan their business ahead.

Easy and relaxed repayments

When it comes to repayment, the amount varies because it depends on the monthly sales volume your MCA leads generate. In simple terms, higher sales mean higher deposits and lower sales mean lower deposits, which is quite different from a fixed monthly installment when it comes to commercial loans.

Thinking of an ACH Marketing Campaign? Know Why ACH Holds the Future of Payments

According to a 2015 Perceptions Study: Research and analysis of supplier activity in the areas of invoicing, payment and remittance, and credit collections, it was found that 83% of the respondents receive payments from their customers by paper checks, while 73% receive them through ACH (Automated Clearing House), and 52% receive them through credit cards. When the respondents further questioned them as to which method they would prefer for making payments the most, 63% of them chose ACH, 25% preferred paper checks, and 9% decided to go with credit card payments. The study certainly makes us feel that there’s huge potential for ACH to be the dominant payment gateway in the near future.

Continue reading Thinking of an ACH Marketing Campaign? Know Why ACH Holds the Future of Payments

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