by My Commercial Capital | Jul 28, 2023 | Blog
For small business owners, a merchant cash advance (MCA) can be a useful tool to help maximize sales and increase profits. By providing access to capital upfront, without the need for traditional credit checks or collateral requirements, an MCA can provide businesses with much-needed funds in order to purchase inventory, hire staff or expand their operations. With an MCA, businesses are able to access quick financing that can be used when they need it most. In this blog post, we will discuss how small business owners can use an MCA to maximize their sales and take advantage of opportunities as they arise.
Fast Access to Capital
The most important benefit of an MCA is the speed at which capital is provided. Merchant cash advances can be arranged quickly, allowing them to move on opportunities that may otherwise have been missed due to a lack of funds. This type of financing also requires fewer documents and less paperwork than traditional loans, making the process simpler and faster.
MCAs Are Not Dependent on Credit Scores
Another benefit of an MCA is that it does not require a credit check, meaning businesses can access funds regardless of their credit score or collateral. This makes it possible for businesses to access funds even if they have been turned down for traditional loans in the past.
Discretionary Capital
In addition, merchant cash advances can be used for a variety of purposes, from purchasing inventory, hiring staff, or funding marketing campaigns. With an MCA, there is no restriction on how these funds can be used, allowing businesses to allocate money according to their own needs. This makes an MCA a flexible and useful tool for small businesses seeking growth opportunities.
No Collateral Required
Finally, merchant cash advances do not require collateral, meaning businesses do not have to put up any of their assets as security against the loan. This can be especially beneficial for smaller companies who may not have the resources to offer collateral.
In conclusion, merchant cash advances can be a great resource for small business owners looking to grow their businesses and take advantage of opportunities as they arise. With quick access to funds and flexible repayment terms, an MCA can provide businesses with the financial help they need when they need it most. Contact My Commercial Capital today to get the working capital your business needs.
by FMG | Jul 21, 2023 | Blog
Are you an import business looking for a way to finance your purchases? Purchase order financing may be the answer. This type of financing allows businesses to purchase goods from suppliers before they have received payment from their customers, allowing them to expand their operations and increase profits without having to wait on customer payments.
How Purchase Order Financing Works
Purchase order financing works by allowing businesses to finance the purchase of goods from their suppliers, before they have received payment. This financing is typically provided by a lender or financial institution, which advances the required funds to cover the cost of the order and any associated shipping costs. The business then pays back the lender once they receive customer payments for their goods.
Grow Your Business
Purchase order financing can be a great option for businesses that are looking to expand their operations without having to wait on customer payments, as it allows them to purchase goods upfront and have the funds available when they need them. Additionally, this type of financing is often easier to qualify for than traditional bank loans, making it an attractive option for small and medium-sized businesses that may not have the best credit history.
Long-Term Savings
In addition, purchase order financing can help your business save money in the long run. Since you’re able to buy goods upfront, you can take advantage of discounts from suppliers that offer early payment terms or bulk discounts – a savings that would be lost if you had to wait for customer payments before making purchases.
Peace of Mind
Finally, purchase order financing can provide businesses with peace of mind knowing they have the funds available when they need them. No more worrying about waiting on customers who are slow to pay; now you can move forward with confidence and focus on growing your business.
If you’re an import business looking for a way to finance your purchases, contact My Commercial Capital today and ask about our purchase order financing.
by My Commercial Capital | Jul 18, 2023 | Blog
Nurturing leads is a fundamental way to increase sales growth. Businesses that are not relying on content marketing to connect with their customers are setting themselves up to fail. With this approach, you create and distribute content that is relevant to your company’s offering. This content engages leads, educates customers, and encourages repeat sales. In short, you provide more than just a product to the customer, you solve their problem. Here are some tips to improve your content strategy.
Know Your Audience
Before you proceed, understand your target audience. Effective content speaks to that audience and gives them the tools needed to complete the task at hand. While content may overlap between audiences, develop unique tools if there is variation in terminology or purpose.
Create Solid Content
Great content marketing is more than just timely information. Make sure it is accurate and readable. You can produce content such as articles, videos, emails, or white papers. Any media is acceptable, as long as it is relevant to your business.
Use a Style Guide
Do not make your customer weed through poorly edited material to get information. Many online grammar tools improve the structure of your writing. Select the one you find easiest to use. Adopt a style guide to maintain consistency across all published content. A style guide sets writing and grammar rules for your company to follow. You can use pre-established style guides or develop your house style. Common topics include:
- Point of view
- Oxford comma
- Hyphenation rules
- Citation standards
Ask for Action
Understand the purpose of each item and incorporate a call to action if needed. Developing educational content is an important part of lead nurturing. It gives customers confidence in your company without sales pressure. Some of the time, closing the deal is the purpose of the content. In those instances, be clear in what you want the customer to do.
Continue the Course
Once you build rapport with your leads and nurture them through the sales process, remain in contact with the customer. Continue producing informational content, customer testimonials, and expert blogs to maintain that relationship. As you release upgrades, accessories, or new products, existing customers should be your market. It is easier to encourage repeat business than try to reach new customers.
Content marketing is a strategy that all business owners need to understand and implement into their marketing plan. When structured properly, it can build a stable foundation of customers and you can grow from that base.
Seek Expert Assistance
Some advertising companies try to impress you with a bunch of tech jargon and big words that don’t mean a thing. At My Commercial Capital, we prefer to let the results speak for themselves. Like other small businesses, our main concern is to make our clients happy. We work hard, give you high-quality content, and produce digital marketing that has a great effect on your company’s online reputation.
by My Commercial Capital | Jul 14, 2023 | Blog
Investing in commercial real estate is a great way to generate income and build wealth. With the right strategy, you can earn steady returns with minimal risk. But for new investors, it can be intimidating to get started. The good news is that there are a variety of ways to generate income from commercial properties without having to take on too much risk or make large investments upfront.
Buy and Hold
One of the most popular investment strategies for commercial real estate is to buy and hold properties. This involves purchasing a property at a reasonable price and keeping it in your portfolio over the long run. As long-term investments, these types of properties can provide steady income while offering appreciation potential as well. To make the most of this strategy, it’s important to research the local market and look for properties in growing areas with good rental demand.
Fix and Flip/Fix and Rent
Another strategy is to purchase a property, fix it up, and then rent or lease it out. This approach can offer higher returns than buying and holding, but it also involves more work on your part. You’ll need to find a property that’s in need of repairs and then invest the necessary time and money into making the repairs. Once you’re done, you can rent out or lease the property for an ongoing income stream.
REITs
Finally, you may also want to consider investing in commercial real estate through a REIT (Real Estate Investment Trust). REITs are companies that own, manage, and operate commercial properties on behalf of their investors. They offer a convenient way to invest in commercial real estate without having to buy and manage the property yourself. With REITs, you can get access to diversified portfolios of office buildings, shopping malls, hotel chains, etc., without worrying about the day-to-day management of the properties. No matter which strategy you choose, there are a few things to keep in mind when getting started with commercial real estate investing. Do your research to understand the local market and identify potential areas for growth that could become lucrative investments. Be sure to work with experienced professionals who have knowledge of the industry and can help you make informed decisions. And finally, create a diversified portfolio to minimize risk and maximize returns. Contact My Commercial Capital today to get the funding you need to invest in your next commercial property.
by My Commercial Capital | Jul 7, 2023 | Blog
Equity financing is a popular way for businesses to raise capital, and it can be an effective strategy when done properly. Equity financing involves selling ownership stakes in the business to investors or shareholders in exchange for money that can be used to fund operations, expand product lines, hire new staff, and more. It’s a great option for businesses of all sizes who need additional funds but don’t want to take on debt or dilute their own equity stake in the company.
Finding Investors
When using equity financing, businesses are able to attract investors who provide them with capital without taking on additional debt. This can be particularly useful for startups and small businesses as they often don’t have the resources or collateral to take out a loan from a traditional lender. Additionally, an investor may bring more than just money to the table. Many investors may have experience in the industry and can provide valuable advice to the business, offering insight into how to make better decisions or expand their market reach.
Faster than Traditional Loans
For businesses looking for funds, equity financing is also often a quicker source of cash than traditional loan options. It’s typically faster to find an investor who’s willing to put money into the business in exchange for equity than it is to apply for a loan with a bank and wait for approval or get venture capital funding. Additionally, there are often fewer restrictions when raising funds through this method as opposed to conventional lenders who may impose limits on how the funds can be used.
Achieve Growth Quickly
Equity financing can also help businesses grow and expand quickly. With a larger pool of resources, businesses can invest in new equipment and technologies, hire more staff, and develop innovative products or services. This can help businesses stay competitive and even set them apart from the competition.
Equity financing is an attractive option for businesses that want to raise capital quickly and effectively. To ensure a successful equity financing round, businesses should do their research when choosing an investor and ensure they’re comfortable with the terms of the agreement. Additionally, it’s important to determine how much control current shareholders are willing to give up in exchange for outside capital. With careful consideration and planning, equity financing can be a great way for businesses to raise the funds they need to grow and expand. Contact My Commercial Capital today to learn more about our equity financing solutions.
