Choice Blog - Business interest topics

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Merchant Cash Advances and Bad Credit

Last post: Oct 10, 2019

When your credit score isn’t too healthy, it can be a challenge to raise the business capital that you need to grow. But does that mean that you should be denied the opportunity? There are funding routes out there that a business with bad credit can take to ensure that they can move forward.

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Benefits of a Merchant Cash Advance

Last post: Oct 10, 2019

A merchant cash advance - otherwise known as an MCA - is a popular form of alternative business finance. It works well for small firms and sole traders that make the majority of their income through credit card transactions as opposed to invoices and bank transfers, such as shops, restaurants, salons and cafes.

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Should I Use Credit Cards To Help Finance My Business?

Last post: Sep 2, 2019

Much legend has long surrounded the notion of using a credit card to launch or fund a business; the search engine that you might have used to find this article, Google, may not have existed if it wasn’t for Sergey Brin and Larry Page’s use of cards to pay for computers and open-source software in the business’s earliest days. Similarly, the founders of Airbnb, Brian Chesky and Joe Gebbia, apparently had credit card debt of as much as $25,000 at one point. So, is credit card financing a potentially very risky route for a business? It depends on precisely how you intend to use it when supporting your company.

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What Are The Best Types Of Business Loans For Businesses?

Last post: Sep 2, 2019

Whether your business is in need of a loan to get off the ground or to progress to its next phase of growth, it is vital to be aware of the terms, conditions and implications of each available form of finance. So, what options do you have for a business loan for your own small to medium-sized enterprise (SME), and what factors will help to determine the most suitable solution?

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Will A PDQ Cash Loan Work Well For My Business

Last post: Sep 2, 2019

While poring over your options for business finance, you may have heard of ‘PDQ cash loans’ or a similar term, and wondered what these are, and whether they could help your company. The acronym PDQ stands for ‘Process Cash Quickly’, with ‘PDQ machine’ simply being another name for a card machine, as are widely used by businesses for the quick and convenient processing of card payments. However, you may not have realised that your own firm’s PDQ machines could help to unlock a form of business finance lacking many of the disadvantages associated with traditional bank loans.

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Will Crowdfunding Work For My Business?

Last post: Sep 2, 2019

Crowdfunding – a means of raising money from a large number of people each making small donations, as opposed to sourcing the entire required sum of money from a single bank or financial institution – has gained ever-greater traction in the world of business funding in recent times. However, if you are to understand the potential relevance of crowdfunding for your own firm, it is important to become well-versed in the different forms that this innovative way of obtaining finance can take, and the associated advantages and drawbacks.

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