Small businesses are the backbone of the American economy, accounting for over 99% of all U.S. businesses and providing employment for millions of Americans. However, access to funding has always been a significant challenge for small businesses, and the traditional funding models and banking systems have failed them. In recent years, banks have tightened their lending standards, making it even more challenging for small businesses to secure the funding to start or expand their operations.
According to a report by the Small Business Administration (SBA), approximately 80% of small business loan applications are rejected by traditional banks. This lack of access to funding significantly impacts small businesses, limiting their ability to grow and contribute to the economy. Fortunately, alternative funding options, such as The Merchant Marketplace, are now available.
The Merchant Marketplace is a platform that offers a range of funding options for small businesses. They provide start-up loans, business lines of credit, equipment financing, merchant cash advances, and accounts receivable funding. These funding options cater to businesses of all ages and sizes, providing a hassle-free way to raise funds and meet their financial requirements.
They have a variety of funding options. Start-Up Loans are designed for companies that need capital to get off the ground. Business lines of credit are ideal for established businesses that need access to flexible funding.
They also offer equipment financing, which is a convenient way for businesses to obtain critical equipment without breaking the bank. With equipment financing, the purchased equipment serves as collateral, meaning businesses do not have to put up any other assets as security. They also provide accounts receivable funding, which allows companies to borrow against their outstanding invoices as collateral, providing the capital they need to keep their operations running smoothly.
Their most innovative funding option is the merchant cash advance. This option is ideal for businesses with a volume of card transactions or bank deposits. Lenders offer the amount needed in exchange for a share of the business’s future credit card sales or bank deposits. This funding option provides businesses with the financial aid required without collateral; remittances are drawn daily or weekly.
Small businesses have always struggled to access funding, and the traditional banking system has failed them. The Merchant Marketplace offers a viable alternative to conventional bank loans, providing a range of funding options tailored to meet businesses’ unique financial needs. Their innovative funding options and a proven track record of success make them an excellent choice for small business owners looking for alternative funding options.
To learn more about The Merchant Marketplace’s funding options for your business, visit their website today.
