A merchant cash advance (MCA) is a type of financing in which a business sells a percentage of their future credit/debit sales for an upfront amount. The MCA lender gets paid by directly debiting the card receipts from the merchant’s account daily, before the business itself can access any money from sales.
Access to Capital
As Black History Month comes to a close, it’s important to take some time to focus on the contributions and potential of African-American entrepreneurs. Businesses owned by people of color are crucial to growing the American economy, adding more than $300 billion in sales in 2012 alone.
Selling to the federal or state government can offer significant potential for your business. Many regulations require governments to promote small businesses when awarding contracts, especially women-, veteran- or minority-owned businesses. Find out if you qualify and how to compete for federal or state dollars.
Running a business is one of the biggest challenges you’ll ever undertake. Entrepreneurs with access to a mentor are more likely to start a business, and have higher revenues and higher rates of employment. These resources can help you find an advisor to guide you through the ups and downs of running your business.
Navigating the complicated field of business legal help can feel like solving a complicated puzzle. But you need licensing and permits to ensure that your business is operating legally. These tools can help you understand how to identify what you need to navigate the tricky process.
You have a dream for how your business can reach new heights. But growth often means more customers, more sales and a bigger audience. How do you reach these people? These resources will help you find quick tips or develop a marketing plan that makes sense for your business and your goals.
You’ve got the business plan down, but you need some help managing your finances and cash flow. Accounting, taxes, payroll—you deal with enough numbers every month to make your head spin. But you don’t have to tackle the numbers alone. These resources can help you keep your business in good financial health.
Before you can seek an outside loan, you need a strategy. A business plan shows potential lenders where your business is going and how additional funds will help you get there. Learn how to craft a road-map for your business with these business planning tools.
Variable costs in your business are directly related to the sale of goods and services. Unlike fixed costs (like overhead), variable costs change over time. Examples of variable costs include shipping, raw materials, and labor. As sales increase, variable costs increase.