The construction industry is a major contributor to the country’s economy, with more than 680,000 employers and over 7 million employees creating nearly $1.3 trillion worth of new structures each year across the USA. A number of specialties fall under the general umbrella of “construction”, including: New building construction General contractors Plumbers Electricians Remodelers and renovators Landscapers Carpenters Painters Roofers, and more. No matter what specialty you operate in, every construction business may occasionally need access to additional working capital in

Traditional, long-term loans from lenders like the SBA and banks are often the most commonly recommended form of small business financing, but in some cases, these loans may not actually be the best option. For some businesses, shorter term loans like merchant cash advances or online invoice factoring offer more flexibility and will more effectively support business growth than a long-term loan. Invoice factoring is a form of short-term financing that is available through both traditional and online alternative lenders. While

Doctors and medical professionals undertake years of specialized training in order to practice, but this training often neglects one essential skill: business development. According to a survey conducted by the American Medical Association, 45.8% of physicians owned their own practices in 2018. For solo practitioners and small practices, taking the time to plan how you’ll attract new patients and continue to develop your business is an important task, especially if your practice is new and you’re still building a client base.

Acquisition is founded on shared values and a commitment to creating innovative solutions using the latest technologies, automation and predictive models to increase speed of funding. MIAMI, July 29, 2021 /PRNewswire/ — Main Street Finance group, a fintech in the alternative industry providing small businesses access to working capital, announces the acquisition of Level Up Funding. This acquisition will help enhance Main Street Finance group existing leadership team and allow it to accelerate its long-term growth opportunity by rolling out a

Merchant cash advances (MCAs) are one of the most flexible forms of small business funding. Unlike some other forms of funding, there are typically no restrictions on how merchant cash advance funds are used, giving small business owners the freedom to use their funds to whatever purpose makes the most sense for their business. The best way to use a merchant cash advance is to invest in projects and initiatives that will grow your business and increase your revenue. This includes

In the construction industry, a general contractor is the party who enters into the prime contract with the property owner. General contractors are responsible for overseeing the entire construction project, which means they need to manage several moving parts over the course of a job. These responsibilities can cause cash flow problems and many construction businesses look for general contractors loans to fill the gaps. A construction business can be both a general contractor and a subcontractor, depending on who hires

Merchant cash advances (MCAs) are a relatively new form of funding that emerged after the 2008 recession in response to a greater need for accessible small business funding. With less restrictive approval requirements, merchant cash advances have made more working capital available to more businesses, including underserved communities like wowen-owned and minority-owned businesses. However, because of their youth, many myths and misconceptions about MCAs persist. In reality, merchant cash advances are a very effective source of fast, short-term funding for businesses

Compiling the paperwork you need to apply for a small business loan can be time consuming and challenging, especially if you aren’t sure what loan documentation you’ll need before you apply. Having all of your documents organized before you apply for funding can significantly reduce the time you spend waiting for approval. Some lenders are even able to approve and deposit funding in as little as 24 hours if you’re able to provide your loan documentation in a timely manner. Loan

There are many types of small business funding that can help business owners managed unexpected expenses or take advantage of opportunities to grow. Between traditional SBA and bank loans and innovative alternative funding options, it can be difficult to understand what type of funding is right for your business. SBA loans are commonly recommended because of their favorable rates, longer terms, and larger funding amounts. However, despite these advantages, SBA loans come with some singificant drawbacks as well, including extensive and