Month: July 2017

The world is becoming increasingly autonomous. All the businesses and its dynamics are shifting towards an open source internet. It has already been predicted that due to advancements in block chain and online direct peer-to-peer sharing will be the end of the banks as we know it. It is the end of the mediator, the end of bureaucracy, and an end to the middle man.

But what about ISOs? Independent Sales Organizations have long since acted as middlemen who take care of the credit card transactions of businessmen with tie-ups with banks. If the banks end, would ISOs too?

Absolutely not, in fact, this period of transition in the world can also be a way for ISOs to transition into something else entirely. Essentially, many merchants that are seeking ISOs to attain Merchant Cash Advance directly from them and use their already established network of credit card transactions and bank tie-ups to fuel their businesses. And doing so, cutting out paying extra to the lenders, as now ISOs are becoming lenders themselves!

And so, in this article, we will try to understand the functioning and the rising trend of this brave new world that awaits all of us. And if you are an ISO worried about the shift towards cryptocurrencies like Bitcoin, then you don’t have to worry anymore because here are all things you need to know to make the shift yourself.

ISOs and MCA

Merchant Cash Advance and ISOs have had a long relationship ever since the foundation of the very concept. To give a general backdrop, a MCA lets business owners receive large sums of money in exchange for a portion of their future credit card sales. Essentially what the lenders are buying is money itself, but it comes in small packages over time with every transaction the business owner’s customer base makes. And for this reason, both the lender and the debtor are merchants that are seeking ISOs.

As ISOs take care of the transactions, making sure that the lender receives their portion while taking some of the commission for themselves as well. But the problem with this method is that the business owners never truly rely on the lenders; as they are third party individuals who do not actually do anything but provide the initial investment to the businesses.

And this system is not essential as profitable for ISOs either as they only get a small portion. And so, the ISOs are starting to become the lenders themselves, while taking care of the transactions. As a result, merchants that are seeking ISOs do so now  instead of choosing independent lenders.

Advantages of ISOs who become MCA lenders

Here are a few advantages that ISOs have on becoming the lenders themselves.

•    Trust: ISOs already work with business owners and take care of all their daily transactions already. And with this wide network, a form of trust is already established between both parties.
•    More profit: If the merchants and the ISO cut out the lender, the ISOs receive much more profit than it would take care of transactions for the lender. And the merchant will also be happy as it would save him/her money too.
•    Block-chain transition: Block-chain is a way of keeping records with absolute truth. It is unbreakable and cannot be convicted of fraud. If ISOs move to block-chain as the merchants do so, the transition will be smooth and will cut out the role of banks as well. Hence, creating a direct clean route for merchants and ISOs to function with much more freedom and make more profit.

And so, that is why many more merchants are seeking ISOs because dealing directly makes much more sense and is much better for both the parties.

If you are a small business owner then you must be aware of how much hard work and commitment it takes to run a business no matter how big or small it might be. The goal of work is always to increase your business and get better over time. But in today’s world, where recession and rising prices have become a bane in everyone’s lives, growing as a business owner is getting harder and harder. And so, the only option that a business owner has to improve his/her business is through a working capital offered by banks.

But banks have always been a hassle, even more so for business owners who usually do not have any other options. Now they do! Itt is called Merchant Cash Advance and here is all you need to know about Merchant Cash Advance, advantages of MCA, and how to get ISOs to sell MCA.

What is Merchant Cash Advance?

Merchant Cash Advance is a method through which business owners, whether big or small, can get the volume of working capital loans without the need for banks, in a fast-paced, transparent, and easy way. The way Merchant Cash Advance works is that the business owner approaches the MCA lender. Which can be streamlined with the help of ISOs to sell MCA, but we will discuss this later. After, the business owner’s proposal has been accepted; the lender and the potential debtor negotiate on their agreed terms.

Soon afterward, the signing of the contract happens, and the money is directly transferred to the debtor. The whole process can take as less as 48 hours and the ease of repayment makes it a complete boon to business owners.

What are the advantages of MCA?

There are many advantages of MCA over banks. While banks are full of hassle, bureaucracies, and frustrating limits, MCA poses no such thing. While in a bank, the mode of repayment is done through monthly installments that the debtor makes painstakingly, everything in MCA is automated. And here are all the advantages that MCA holds over banks:

1.   Split Withholding: This is the most preferred and hassle-free way of repayment in MCA. After the signing of the contract, the repayment takes place through a small percentage of every credit card purchase the business owner’s customers make goes directly to the lender. This process happens automatically and finishes when the loan is repaid with interest.
2. A business deal like proceedings: The whole process of MCA is made for the business owners. And so, negotiations are appreciated and the contract is only signed when both parties are satisfied.
3.  No credit, no problem: Proceedings of MCA does not depend upon your credit, as it directly correlates to your monthly earnings.

What are ISOs to sell MCA

One of the best ways to be sure of the fact the MCA lender you are dealing with is genuine and will not dupe you is to hire ISOs to sell MCA. ISOs help you identify the best MCA dealers, and through their years of experience get you the best deals and even faster, safer, and better working capital loan process.

You can find the most revered ISOs to sell MCA online, and check their reviews to understand their credibility. We hope this article has helped you understand what the best way of getting MCA is and how to use it to further your business. All the best!

Being one of the best MCA sellers in the industry for providing loans to small businesses can be mutually advantageous to both sellers and customers. With a high commission base and strong relationship with MCA lenders, an ISO can operate seamlessly and provide faster approval and quicker funding. With a well-planned approach, a MCA ISO can receive good commissions and boost its earning potential immensely.

Aiding unimpeded growth of small businesses

By becoming MCA sellers, ISOs can represent the MCA lenders directly. Most often the lenders provide ISOs with the necessary tools to succeed such as the relevant marketing materials, interactive software program, web presence, assistance in closing, daily training and much more. ISOs, in short, will be functioning as partners of the MCA funders enabling a streamlined and successful funding solution for small businesses.

Assistance for ISOs

MCA sellers are provided with the required resistance, so they can successfully accomplish their objective and become profitable in the venture. Most often the MCA funding organization will have a representative to help with the various queries related to the MCA funding solution.  This will enable the ISOs to be more professional to their customers.  With the right support, ISOs can become the best providers of loans for small businesses. Further ISOs will be able to provide fast capital, yield high commissions and succeed.

Advantages of selling merchant cash advance

Merchant cash advance allows small businesses to get easy access to customized solutions for their working capital issues. The various advantages that MCA provides include:

Quick cash disbursal

With competency in data management, it is possible for deciding on the loan application and processing the loan in under 48 hours. This will allow small businesses to see to their emergency business expenses and capitalize on a potential business opportunity.

High loan amount

The amount of cash advanced via MCA would be nearly 200% of the credit card sales a business does. Thus for businesses that earn mostly via card payments can receive a high loan offer.

Hassle free process

The entire online application takes less than 10 minutes to complete along with submission of the necessary documents.

Bad credit

With MCA small businesses need not worry about bad credit, as it is not a criterion for approval. The statements of card settlement, documents related to current account for the previous 12 months are the main documents required.

No collateral

Unlike the conventional loans, MCA does not require any collateral for loan approval.

No hidden charges

The cash advance is processed in a transparent manner with the merchant having to pay only around 1-2% of processing fee without any other pre-closure or hidden penalties.

As you can see, ISOs as MCA sellers can help small businesses to receive the best ever working capital funding. The customized funding capital can ensure unmitigated growth and save the business from a very difficult situation too. With the promise of good commissions and profits, ISOs can easily expand their reach and even start funding the cash advance themselves in the long term.

In the past year, there has been an amazing increase in the number of companies taking up Merchant cash advance funding services. While in 2008 the industry showed a definite slump, it has emerged much stronger now.

One reason for MCA being sought after is the over-cautiousness exhibited by the conventional lending institutions.

The loan process is much more cumbersome for emerging businesses and startups. But with MCA companies and MCA seeking ISOs making the process of funding much easier businesses have started to turn more and more towards such alternative lending options.

Filling the cash void

MCA companies have become the first option for many small businesses that have been left high and dry with no means to access capital via loans from traditional lending organizations.

By having a close relationship with businesses ISOs (Independent Sales Organizations) further help in offering value added services. They guide startups and other businesses in securing much needed additional revenue.

MCA companies seeking ISOs should enter into an appropriate arrangement that ensures the cash advance offer is done without any legal or other issues.

MCA as vital lifeline for cash-strapped businesses

MCAs offer a profitable funding option for ISOs and businesses because of the following benefits they provide:

•    No collateral or credit concerns: MCA is one of the safest cash access solutions present now. In contrast to commercial loans which affect the credit rating, MCA is dependent on sales transaction and hence stays from the credit report. Since collateral is not required merchants need not risk their property in case of loan default.
•    Easy funding process: The process of applying and receiving funds in merchant cash advance is a breeze. While the conventional lenders assess your financial statements, business plans, and tax returns, MCA providers usually request two simple criteria namely the span of time the business has been in operation and the monthly returns recorded via credit card payments. Usually, nine months of being in business and sales of minimum $10,000 are sufficient for loan approval.
•    Quick funding: Since the paperwork involved is minimal, the funding is done within 2 to 3 days allowing business to receive funds that need immediately for unexpected and important expenses.

How merchant cash advance provides all around benefits

Applying for Merchant cash advance is easy. There are no expenses, costs or fees involved. When a business applies to an ISO or a merchant cash advance company directly it can receive the money in a few days’ time.

The paperwork involved is very minimal and financial and tax returns are requested only when the cash advance applied for is more than $75,000. Most often the cash advance is done through ISOs which do not do the funding directly. Only a few Merchant cash advance companies advance money of their own.

For lucrative opportunity seeking ISOs joining a reputed merchant cash advance company will help in accruing the profits desired. Thus Merchant cash advance is not only advantageous for the small businesses facing a dearth of capital but also for the ISOs that help them access the funding quickly and efficiently.

For ISOs seeking MCA companies, finding the right company is quite overwhelming but not an impossible task. Merchant cash advance is a profitable avenue for ISOs as there is much to gain leverage from the funding option. Further, ISOs can cater to upcoming businesses and support them in their growth.

Merchant cash advance funding

Merchant cash advance is essentially a financial product for small businesses. It provides funds based on the future receivables via credit card at a buying price that is favorably discounted.

MCA funding is designed to provide a sizeable amount of payment to businesses in return for a percentage of future sales on debit or credit cards in an agreed upon amount during the approval.

Designed to be paid back in a span of around 6 months or more previously, the product is now available at even shorter payback periods such as 3 months to a longer limit of 18 months.  The repayment term is usually decided upon by the credit profile and the risk profile of the merchant. Thus, ISOs seeking MCA companies usually come across different pricing levels among competitors.

Funding basis

ISOs seeking MCA companies should be aware that the companies have now started to offer ACH financing and loans based on the complete volume of sales, which is not confined to the sales done via credit cards alone. In place of the earlier process where a fixed percentage is debited on a daily batch of card sales, a fixed sum is taken from the card or DDA account of the merchant. This has led to the MCA funding collection being termed as Daily Remittance Funding.

MCA benefits

Some of the highlights of the merchant funding option that lures merchants and ISOs seeking MCA companies include:

•   Paperwork needed for MCA approval is much minimal when compared to commercial loan processes
•   The timeframe for funding and approval is very short
•   The cash advance application from small businesses and startups are more likely to be approved for merchant cash advance than a commercial loan provided by a bank or other lending institutions
•   The collection of the repayment requires very little effort on the merchant’s part as it occurs every day through split funding of processor, lock box or via ACH debit
•   Approval is done in 48 hours
•   If sales shows a downturn, and the merchant is unable to pay the dues, there are no late fees charged
•   There is no obligation to immediately repay if there is failure

Benefits for ISOs

ISOs seeking MCA companies stand to gain in the following ways when they start working with a MCA funding company:

•   Attractive profits
•   Industry is unregulated
•   There are very minimal barriers to enter into the field
•   High commissions are guaranteed
•   Business prospects are high as more and more startups are looking for capital funding
•   Loan renewal rate is very high to about 60%.

While commercial loans are favored for long-term funding due to their low-interest rates, for quick and secure cash flow into business merchant cash advance is the best option. For ISOs seeking MCA companies, the strong relationship they build with a MCA company ensures higher return percentage. With the flexible repayment terms, the merchant cash advance is a definite draw for ISOs as well as small businesses that are in dire need of money.

As a growing small or medium business enterprise, what would you do with extra cash of say a sum of $3,000 or better still a whopping amount of $550,000?

There are plenty of things that can be accomplished with such a big amount. You can expand your business by buying new equipment, opening up a new location or adding more employees, improve your marketing, and add more inventories and do much, much more.

But where would you get such a big sum of money? An ISO merchant cash advance provider can make this happen in a surprisingly short time.

What is an ISO merchant cash advance provider?

An ISO (Independent Sales Organization) merchant cash advance provider helps businesses avail the cash flow they are in need of in an expedient and effective manner. The organization provides a distinctive opportunity through which your business can profit from the future receivables of your credit card sales.

They purchase the sales you make via credit card at a discounted rate, thereby creating a cash advance for your business. The money advanced is repaid via the processing program set for your credit card. For each sale via your business, a minor percentage is taken as repayment.

Simplicity personified

For those who wonder what an ISO merchant cash provider is and whether they have to undergo the hassle of dates, limits, and amounts as with other conventional loans, the merchant cash advance is a very simple and easy process.

It is fully automated. You can use the funds you receive freely for any purpose related to your specific business. Thousands of entrepreneurs have already benefitted by the ISO merchant cash advance providers and you can also join them and enjoy the perks.

Pros of using ISO merchant cash advance provider

The innovative process helps you to qualify easily without any stringent rules or regulations. You can receive the funds you need for your business within 48 hours. And the benefits do not stop there. Here are other advantages of the program:

•   You need not have good credit
•   Paperwork is very minimal
•   Approval is very quick
•   Money reaches you in 48 hours
•   No need for collateral or personal guarantees
•   Simple application process

How to apply

The process involves a funding specialist asking you a few questions to assess your business goals and in a span of 48 hours, you will receive the cash offer which on approval will be deposited in your account.  The application form is very easy to fill and the money offered can be used for any expenditure related to your business including hiring employees, remodeling, adding new equipment or inventory, paying taxes, rent or dues and more.

When you avail the services of a reputed ISO merchant cash provider, you can be guaranteed of a quick and successful approval of your cash advance request. Without the need for having a perfect credit and instant approval, the merchant cash advance serves as a good loan alternative with the only downside being the high-interest rate, which is more than what the banks levy.

For new businesses and those with insufficient or no collateral, it is very difficult to apply for loans. Most of the conventional loans are a secured type and bad credit too can play havoc with the loan plans. At such times small startups and other businesses facing such issues can benefit immensely from Merchant cash advance vendors.

Merchant cash advance is an alternative lending process and very lucrative one especially for businesses that see plenty of transactions via credit cards. Let us see some of the major benefits for small businesses that merchant cash advance can provide.

Take your business to the next level

Since the success rate of small businesses largely depends on their ability to get sufficient funding for the business, having a trouble free and quick capital source is very important.

With merchant cash advance vendors, it is easy for businesses to apply for the advance and get it approved within a short time.

The worries about funding the business will be completely eliminated allowing them to focus on important business promotion and management aspects.

Best alternate source of cash

While it is easy for large and medium businesses that have been operating for some time to access loans easily with their stable finances, small businesses which do not have such support are on the lookout for newer funding models that favor their financial state.

Merchant cash advance vendors provide the right outlet for such businesses by providing an efficient and quick cash source without the need for revenue history or collateral.

Free of credit constraints

Business having bad credit while recording large receipts through a credit card can easily use it as an advantage for accessing quick cash. Merchant cash advance vendors now provide a favorable risk-based variable pricing method that gives business a better borrowing rate.

Flexible payment options

Increase in ACH transactions (Automated Clearing House) it is possible for a business that deals with transactions other than credit cards to make use of the cash advance advantage. Businesses that accept payments via the following methods will be able to avail the merchant cash advance funding option:

•    Debit transactions
•    Paperless transfers
•    Electronic checks

A percentage of the revenue earned through the above methods will enable the business to have access to quick cash. Since a majority of businesses use such transactions, they can easily approach a merchant cash vendor and avail the funds they need.

Being able to take a percentage of those transactions allows a vendor to offer cash advances to far more customers. A business with substantial credit card receipts is still in the best position to get a cash advance.

How merchant cash vendors can help you

Since every business needs credit or cash other than what it can generate via weekly or monthly sales, it is necessary to find easy access to the cash with as little trouble as possible. Merchant cash advance vendors are the apt choice for businesses that are unable to access the funding via traditional means or need cash fast. With a revenue stream that they can sell like credit or debit card sales, such businesses can take care of their funding needs effectively.

If you own a small business establishment that processes payments through credit or debit cards, you can benefit hugely from ISOs for merchant cash advance. With banks and other lenders making it an uphill task to get the required funding for your business, it helps to know a funding option that is free of the usual hassles attached to taking a loan.

How does an ISO help your business?

Independent Sales Organizations (ISOs) have their own set of regulations and offer a more conducive customer service to businesses than what is usually present.

The ISOs for merchant cash advance buy several transactions from a huge processor at low cost and resell the transactions to customers at a relatively less cost.

An advantage with these vendors is they are not limited by strict promotion and price guidelines. As a result, you stand to benefit a lot.

Fast funding process

With the conventional loan processes, there are too many procedures and loads of paperwork involved making conventional loans time-consuming. Further, many of the lenders and banks require stellar credit scores for the approval.

With merchant cash advance, your less than perfect credit will not be a hurdle. You will be able to access the funding you need irrespective of your credit rating provided you have regular credit or debit card sales.

Although the interest rate for the cash advance is high, many opt for ISOs for merchant cash advance as these vendors offer a quick loan approval and credit rating is not considered.

Good customer support

Since ISOs have a smaller client base when compared to a major funding processors, if you approach an ISO for funds you are bound to receive the cash quickly with very little paperwork or other loan approval steps.

For ISOs every customer is important and the process is done quickly and with utmost discretion. The decision for approval is made fast and a customer can access the cash within 48 hours of initiating the process. On the contrary, a conventional loan process can drag on and on for weeks or even for months at a time.

Hassle free business funding

As a business owner, you will not have to fill in elaborate application forms or provide with the details of your financials or tax returns.  The lender considers the future business prospects of the company and not its past business transactions.

The amount to be provided as advance depends on the sales activity of the merchant. Actually, a small percentage of the sales done by the merchant is sold to the lender until the due amount is paid fully. Since the payment depends on monthly or weekly sales, it is not a fixed amount. Thus if you are not able to have your usual sales number during a slow season, you can pay less. This way you will not be at risk of non-payment of dues.

When you use an ISO for merchant cash advance, the entire process is simplified and efficient. You will be able to acquire sufficient funding for your business with as little difficulties as possible. Thus you will be able to finance your business as deemed fit without being hampered by cash accessibility issues.

When you are into a business venture whether it is a restaurant business, construction or any other business, it is natural to need funds in a hurry. At times like these knowing about the quickest and easiest way to obtain the funds needed would help immensely.

ISOs for MCA help you in this aspect effectively. They provide an affordable and quick way to get hold of the cash you need. Read on, to know more about how these ISOs can provide much-needed assistance to you.

Merchant cash advance for financial assistance

Merchant cash advance funding is a type of advance done for a short span against the receivables in a business. The repayment is in the form of a percentage of the total sales done on a weekly or daily basis.

Merchant cash advance has been growing in popularity in recent years mainly due to the stringent lending criteria that banks have adopted in the wake of a recessive economy. The various regulations and rules that the traditional lending institutions have in place make it highly impossible for small businesses to qualify.

Vital need for MCA

Cash advance becomes vital when you need funds desperately and are expecting an increase in your revenue. For instance, your restaurant business is picking up momentum and you want to upgrade the kitchen and equip it to meet the demand of growing customers, upfront money is important. The same applies for when you want to buy raw materials or inventory for your construction or retail shop.

Any small business will require capital for its growth and sustenance. The added funds help to meet the financial need of different types including buying or upgrading equipment for your business or increasing the number of employees. All these instances indicate an anticipated income increase based on which the funds are acquired.

Best Merchant cash advance deal

When your business is doing well and growing albeit an unpredictable flow of cash and you need more funds for your business growth plans which you cannot take from the working capital you have, a merchant cash advance is ideal. Using ISOs for MCA is another option that makes the process even more efficient. The quick and easy cash flow the merchant cash advance provides helps you to generate revenue and ensure unmitigated business growth.

Advantages of using merchant cash advance

With merchant cash advance you get to enjoy the following perks:

•    No cumbersome and tedious paperwork
•    Quick application process
•    Facility to borrow cash up to about $100,000

To decide on whether MCA is right for your establishment, you should consider its advantages in making your sales increase thus, growing your business; upgrade it and whether you will be able to pay the money back quickly. Also, you have to know whether you require the money as urgently, so you can make a more sound decision on going for the cash advance. When your business does a high number of sales via credit or debit card you can easily avail ISOs for MCA and obtain the cash you need and reach your business goals faster than you had dreamed of.