What is a merchant cash advance?

A business cash flow crunch is stressful. For company owners, being able to access funding is helpful for making up the gap. For many business owners, conventional loans and lines of credit may not be available because of less than perfect credit or lack of collateral.

A merchant cash advance is a non-bank alternative to get funding based on your businesses history of credit card sales transactions. This type of financial service is not a loan. Instead, it offers business owners a lump sum ‘advance’ on future credit card receipts.

How does a merchant cash advance work? 

Unlike conventional banks and lending institutions, merchant cash advance providers work with businesses of all sizes. All the business owner has to prove is that the company processes credit card sales transactions. Instead of asking for collateral or putting company owners through rigorous credit checks, merchant cash advance providers evaluates the business operating history to decide if they qualify for their services.

What is needed to apply for a merchant cash advance?

While the requirements could vary on factors like the size of the cash advance request, generally business owners should get prepared to provide the monthly sales receipts and bank account statements from the previous 2-6 months. In some cases, MCA providers may ask for additional information to help them make their decision on the status of the application. Depending on your company financials, you could qualify for 50% up to 250% of your companies average credit card sales. Merchant cash advances are available for amounts as low as a couple of thousand dollars to as much as two million if the business financials support it.

What’s the catch?

Merchant cash advances are not the same thing as a small business loan or invoice factoring. Conventional loans use an APR to calculate a set monthly payment on the loan. Instead, merchant cash advance companies use ‘retrieval rate’ or a ‘holdback’ along with a ‘factor’ to determine the repayment amount. The terms of repaying a merchant cash advance can be 90 days or as long as two years.

Merchant cash advances and conventional business loans also differ in the fact that merchant cash advances require daily payments. The payment amount gets determined by credit card receipts. Generally, the holdback amount is 5% – 20% of all daily credit card sales transactions. It also includes the factor. The factor is a decimal amount which is generally between 1.1 to 1.5. This factor is the fee that gets paid to the merchant cash advance issuer. The repayment starts as soon as the advance gets funded and continues until the total is paid off in full, as per terms of the agreement.

Do the funds from a merchant cash advance for a specific purpose?

Funds raised using a merchant cash advance can get used as your company requires. Typical uses include to do repairs, to buy inventory, to pay for improvements, to prepare for the busy season, or to even out cash flow during a slower month.

Is it easy to apply for a merchant cash advance?

Merchant cash advance providers use a secure online portal to complete their MCA loan. Company owners should have access to their companies financial documentation since they’re required for consideration.

Applications for merchant cash advance have quick processing times. Borrowers can expect to get a decision on the status of their advance application within 48 hours. If all terms are agreeable, the funds get deposited into the company business account shortly after that. Once they arrive, you’re free to use them as needed.

A Few Reasons Why You Need a Divorce Lawyer

Divorce proceedings can be complicated and time-consuming processes even if the separation is amicable. While you may not think that you need a divorce lawyer to help your case, in the long run, hiring an attorney could save you time, money, and frustration. There are only a few cases in which a lawyer probably won’t be needed. If the marriage was short with no children and there are no arguments about assets or alimony, there’s a good chance that you can settle it without legal help using resources available online or in do it yourself kits.

Unfortunately, this isn’t the case for most marriages and it’s best to have legal representation. The decisions made during divorce proceedings have the potential to affect you and your family for the rest of your lives and should not be entered into lightly. There are a lot of emotions involved during a divorce and it’s important to make sure that everything is being handled logically and fairly for everyone involved with the case.

Here are a few reasons why you may need a divorce attorney:

1. Advice.
Emotions are running high during these times and you need to stay objective. Sometimes this can be difficult for those who are closely involved which is why an attorney can help. While therapy can help work through these emotions, chances are it will not be able to help quickly enough while trying to work through the proceedings.

An objective party such as a divorce attorney can help you through these times so you can handle your emotions without worrying about the legal process. You may not think a request is unreasonable, but an attorney can help you understand when it is. Emotions can completely sabotage a divorce hearing and it’s important to keep them in check.

2. Paperwork.
Filing the paperwork needed in a divorce proceeding can be a hassle. Even if you are level-headed about the proceedings, paperwork can be confusing. If something is filed incorrectly it could throw off the whole case and certain things might need to be redone. Lawyers have much more experience with this process and can make sure that everything is filed properly and in a timely manner.

A divorce lawyer can make sure that you don’t leave anything out. What may be an honest mistake may seem like an attempt to hide the evidence by the courts. If this happens, the results could be absolutely devastating to your case.

3. Options.
While you can do your research on the internet, chances are you still don’t know all of the options that you have in a divorce. Even if you know the options, the actual likely outcome may be very different than what you are wanting. A divorce lawyer can help you know what options are available and which ones they think are viable for your situation.

If you and your ex try to go about the process by yourselves, there’s still a chance that the judge won’t accept the agreements that the two of you have reached. In this case, you’ll have to start the process over again or accept what is ordered. This creates delays for everyone involved.

Divorces can be hard, but an experienced attorney can help make the process easier for everyone and save you some of the stress.

What Is Important To Know About A Waist Trainer

There are many celebrities like Kim Kardashian and others who are enthusiastic about using a waist trainer. This is a firmly laced corset and is called a waist trainer. The goal is to use this while waist training and decrease the size of a person’s body between their ribcage and hips. The exercises are done while wearing the waist trainer and involve working the obliques, abdominals and more.

Types Of Waist Trainers 
There are two common types of waist trainers that can be used. One is waist trainer designed to help individuals who have issues with their back or women who are post-pregnancy. The other type is designed to be used during workouts. It will raise a person’s body temperature. This will cause them to sweat more and burn extra body fat. There are also waist trainers available that are a combination of the two common types.

Those who use waist trainers will tell people considering using them to always listen to what their body is telling them and use common sense. If the waist trainer is causing pain, it will need to be loosened. Should the pain continue, it needs to be completely removed. A person using a waist trainer should not be uncomfortable when using it. The rule is to take things slow and easy. This will enable a person to become comfortable using a waist trainer.

A person’s genetics may be a significant factor when using a waist trainer. It is possible for two people to have the same waist measurements. Each of them could use a waist trainer and do the exact same type of exercises. These two people could also experience very different results. Everyone’s body is different and there is no way to predict exact results. When anyone uses a waist trainer, they need to realize there are many variables involved with obtaining desired results.

New Mothers
When new mothers work out with a waist trainer that is comfortable, it could help them feel better when they exercise. It can help a new mother feel everything is a bit tighter, and there will be less movement around the stomach area. This is something common after pregnancy. Using a waist trainer often helps a new mom feel better about getting back into an exercise routine. It’s also important new mothers to realize this comfort shouldn’t make them exercise too much too soon.

Waist Trainer Tips
When a person starts using a waist trainer, the compression will start immediately. There are certain things a person should remember when it comes to achieving long-term results.

*Quality Waist Trainer – There are benefits to spending a little extra money to get a quality waist trainer. This is very beneficial for people who are planning to use it for the long-term. When people choose to purchase a low-quality waist trainer, they often get frustrated and disappointed and experience results that are unsatisfactory.

*Wear Correctly – It is important any person using a waist trainer make certain it is being worn correctly. This will help make certain a healthy balance is being maintained. A waist trainer should never cause pain or be uncomfortable when being used.

*Achieving A Goal – When someone intends to reshape their body using a waist trainer, it won’t happen overnight. Reaching a goal will be achieved in the long-term. When people push themselves too much, or improperly wear their waist trainer, they could end up doing more harm to their body than good.

Using a waist trainer won’t have any lasting effect if the people using them don’t change their lifestyle. Necessary support can be provided by a waist trainer when doing twisting crunches that can help define a person’s stomach muscles and more. The best results from using a waist trainer will be achieved by wearing it properly, having the right nutrition, and regularly exercising with it.

what does a personal injury lawyer do

If you’ve been injured in an accident, you probably have a lot on your mind. Pain, medical bills, depression, and many other factors are often felt. You may be very frustrated and want to be compensated for your incident. Many times, people have no choice but to file a personal injury lawsuit. If you’ve had an accident that was the result of the neglect of another, you may want to seek the advice of an attorney. Personal injury lawyers serve many purposes, and are trained to help you recover the maximum amount of damages for your loss. Selecting the right lawyer is critical. There are many different types of accidents and attorneys. This article will help assist you in understanding the process of personal injury claims. It will also provide you with information as to which type of personal injury attorney would be able to help you the best.

If you’re injured as the result of another motorist’s negligent action, a personal injury lawyer can help. Many times, insurance companies will not provide an adequate amount of compensation for your injuries. You may have leftover medical bills and require years of therapy for ongoing injuries and pain. You may have been hit by someone who was uninsured. In this case, the individual party may be held responsible for your damages.

Sometimes, medical professionals are the cause of injuries. An example of this would be a misdiagnosis, which results in significant damages. If you’ve had surgery and there was a mistake, you may also have a claim. It’s important to remember, however, that the injury must be the result of another person’s negligence.

Professional malpractice occurs when an injury results from any other type of service provider. An example of this would be a therapist who breached a confidentiality agreement. We entrust all types of professionals on a daily basis. Unfortunately, their carelessness or intentional actions can result in significant trauma. A personal injury attorney is able to assess the situation to determine if you have a valid claim.

Another type of personal injury that can occur is when a building owner fails to adequately maintain their property. If you happen to slip and fall, this can result in significant pain and suffering. Bills and lost wages all add to the stress of being injured. A personal injury attorney in San Diego can take a look at your case and determine if you’ll be affected by any future losses to recover the maximum amount allowed by law.

Many personal injury attorneys work on a contingency basis. This means that they only collect a fee if they win or settle your case. Most attorneys and insurance companies prefer to settle a case rather than go to court. Personal injury lawyers are skilled negotiators that will fight to get you the maximum amount allowed. Typically, they’re motivated to do this as their fee is determined on a percentage basis. This is mutually beneficial for the attorney and client. The best way to determine how a personal injury lawyer can assist you is by scheduling a consultation. Many law firms offer free appointments that will provide you with an invaluable amount of insight.

Hard Money Loans: Giving You More Options for the Future

Real estate investment and development continues to be one of the most lucrative and rewarding careers in the United States. While many people are interested in getting into this exciting and challenging career, many do not have a good idea where to begin. Even the lowest-end real estate projects often require tens or hundreds of thousands of dollars in up-front costs. How is someone with little experience who may not even have great credit supposed to pony up the $200,000 needed to carry out a home rehab project or get into an income-producing producing property?

Hard money loans can bridge the gap

The truth is that almost no real estate projects are financed purely through the developer’s own capital. In fact, most professional real estate developers only take small equity positions in their projects thereby dramatically reducing their risk while ensuring gains through fees and other incentives. This leaves the question of how these real estate projects are funded.

Most major real estate developers have an intricately developed web of financing. This not only involves bankers who make traditional commercial loans, but it also includes wealthy individuals, investment funds and groups of individual investors. Some of these investors may be interested primarily in taking equity positions. Others may specialize in making high-yield loans. These highly flexible financing facilities are the lifeblood of major development projects. Without them, hardly a skyscraper, strip mall or apartment complex would ever be built.

But those looking to get into real estate investing or development for the first time almost never have access to anything resembling the sophisticated financing options that professional development firms enjoy. Most of the time, people who buy their first investment properties or house-flipping projects attempt to do so through a combination of their own out-of-pocket cash and traditional mortgages. However, this can severely limit the ability of the vast majority of people to get into real estate investing. After all, who has $50,000 cash just lying around, waiting to be used as a down payment on a mortgage?

This is where hard money lending comes into play. Hard money loans offer much of the flexibility that the big dogs in the real estate development game have at their disposal. A typical hard money loan might be used to complete the purchase of a home for a house flipper. The bank will typically require that 25 percent of the final sale price be made as a down payment by the mortgagee. In many real estate markets, this figure will represent a six-figure amount. Almost no one has that kind of money.

The solution is to go to a local hard money lender. Hard money lenders often have a sort of underworld mystique about them. They rarely ever advertise openly, and for a newcomer to the real estate development business, they may be completely invisible without knowing where to look. But hard money lenders can often be found by chatting up local real estate agents and developers. Once an investor has found a hard money lender and developed a relationship with them, their life often gets a whole lot easier when it comes to closing real estate deals.

Hard money loans can be issued almost instantly. They are rarely tied to credit, and almost anyone can qualify for them, provided the collateral on the deal is sufficient. Ultimately, hard money loans can make deals happen that would otherwise have fallen through. Although they often come with a 5 percent fee and 15 to 20 percent annual rates, the ability to quickly complete purchases in competitive markets means that hard money loans are a tool that every investor should have at their disposal.