Category: Reviews

If you're considering a Merchant Cash Advance (MCA) or OnDeck loan, you should consider a credit card cash advance first — it'll usually be the cheapest of the three options. Credit cards are normally used to buy on credit, but most credit cards also have a cash advance option. Instead of making a direct purchase, you can use the cash advance to withdraw money, like you would with an ATM/debit card. Unlike an ATM card, you aren't withdrawing your own… Read More

If your small business is interested in expanding, you'll want to look into the SBA 504 Loan Program, which is designed to help create jobs through long-term, fixed-rate financing used to acquire fixed assets for expansion or modernization.  504 loans are made available through Certified Development Companies (CDCs), which are community-based partners. The typical 504 CDC loan is structured as follows: SBA provides 40% of total project costs Third party lender covers up to 50% Borrower contributes 10-20% Loans may… Read More