Choice Blog - Business interest topics

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The difference between a merchant cash advance and a loan

Last post: Oct 1, 2018

Merchant cash advances (MCAs) have attracted ever-greater attention in recent times as an alternative form of business finance, and are compared especially often to traditional bank loans, to such an extent that they may sometimes be casually referred to as ‘cash advance loans’. In truth, though, an MCA is different to a loan – in terms of not only the form that it takes, but also what is required to apply for one and the business circumstances to which it is best suited.

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How does a merchant cash advance work?

Last post: Sep 12, 2018

A merchant cash advance - or MCA - is a form of alternative business finance for small firms and sole traders. Whereas traditional bank loans require borrowers to pay back a set amount of funds on set dates over time, a merchant cash advance – also known as a business cash advance – works on a rather different basis, with the amount repaid at any one time proportional to turnover. That’s because it’s a form of finance based on a company’s credit or debit card transactions.

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Is a merchant cash advance a safe option?

Last post: Sep 12, 2018

A merchant cash advance is a great, safe option for small to medium-sized businesses that operate on fine profit margins - in other words, precisely the kind of business that can be especially susceptible to unexpected cash-flow problems - and need access to finance. Many businesses attempt to obtain such funding from the bank, only to have been flatly rejected. It’s a situation that many an owner of a small to medium-sized enterprise (SME) has experienced, and it may have led to considering the wide world of alternative business finance.

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How to Save On Amazon as a Business Owner

Last post: Aug 15, 2018

If you're a business who often buys from Amazon, whether it be on bulk orders of cutlery for your restaurant or large commercial machinery, it's worth getting a better deal with Amazon Business.

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How to Recover an Unpaid Invoice

Last post: Apr 24, 2018

A guide to facing the dilemma of unpaid invoices as an SME.

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The Dubai Overpayment scam

Last post: Oct 3, 2017

The Dubai overpayment scam by a company called Al Kazeem Trading: goods orders, funds paid via cheque to bank but over paid and a refund requested in the hope it is sent before the cheque bounces.

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