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What is a merchant cash advance? Merchant cash advances, sometimes known as payday loans, are when a finance company provides money in exchange for a percentage of your future sales. While obtaining this financing is typically much faster than taking out a business loan, it also comes with higher costs and burdensome repayment schedules. "They ...
Products and services are provided by the ApplePie Capital family of companies which include ApplePie Capital Funding Solutions, LLC, and ApplePie Capital Inc. ApplePie Capital Funding Solutions, LLC brokers loans through its network of lenders; lenders independently determine loan availability and terms.
If you're hoping to avoid putting up personal collateral, or require a longer repayment term to maintain positive cash flow, it may make more sense to seek out a specialized loan product. Meanwhile, if you're just getting started and require a loan based on future business projections, a conventional loan likely isn't an option.
The dangers of merchant cash advances Keeping your cash flow positive is essential to franchise business success, but relying on the wrong source for a capital injection can cause more problems than it solves - as in the case of merchant cash advances.
This provides businesses numerous benefits, including the ability to act on immediate needs or competitive strategies rather than waiting for cash to come in. Why is accounts receivable financing useful? Accounts receivable financing eliminates the cash flow gap created when your franchise delivers a good or service that is not paid for ...
While liquidity is often thought of strictly as cash, lenders will examine your assets to determine the extent of your liquidity. "We start by taking a look at cash in two areas, personal cash and cash in a business bank account that is owned 100 percent by guarantors from a profitable business," says Joe Wong, senior underwriter at ApplePie ...
Looking at a franchise system's cash flow statements is another good idea. These documents provide a representation of cash generation versus cash spent on operations, investing and financing. Joe also recommends paying close attention to Item 20, which provides information on existing franchise locations.
Products and services are provided by the ApplePie Capital family of companies which include ApplePie Capital Funding Solutions, LLC, and ApplePie Capital Inc. ApplePie Capital Funding Solutions, LLC brokers loans through its network of lenders; lenders independently determine loan availability and terms.
You may want to free up your personal collateral and “get your house back,” extend your repayment period and get lower payments, or take cash out by recapitalizing your equity. With a fixed rate loan you can also get better predictability — variable rate loans are sensitive to changes in the prime rate.
Products and services are provided by the ApplePie Capital family of companies which include ApplePie Capital Funding Solutions, LLC, and ApplePie Capital Inc. ApplePie Capital Funding Solutions, LLC brokers loans through its network of lenders; lenders independently determine loan availability and terms.