Small and medium-sized businesses in the US have struggled to gain the funding they need to grow and succeed. According to a survey conducted by the National Small Business Association (NSBA) in late 2020, around 70% of small businesses in the US applied for funding. Still, only 45% received the total amount they requested.
This is where The Merchant Marketplace comes in, providing an extensive range of funding options tailored to meet the unique requirements of businesses at different stages of development. The Merchant Marketplace offers a diverse portfolio of financing solutions, allowing companies to select the preference that aligns with their individual needs, making it easier to acquire the necessary funding to grow and thrive.
The start-up loans offered by The Merchant Marketplace are quick and hassle-free, making it easier for young businesses to get the funding they need without collateral. A business line of credit is an excellent choice for companies needing quick cash access to fulfill their short-term financial obligations. A business line of credit is a revolving loan, meaning businesses can repeatedly withdraw and repay money up to their pre-approved limit, which is a convenient way to manage cash flow.
Interest is only charged on the amount used, and the repayment terms are flexible, allowing businesses to repay the borrowed amount at their convenience. This option is particularly useful for businesses with unpredictable revenue streams, as it provides them with the necessary financial buffer to manage their operations during lean times.
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Equipment financing is also offered by The Merchant Marketplace, a convenient way for businesses to obtain critical equipment for their operations without breaking the bank. This alternative provides secured loans in which the equipment acts as collateral, allowing companies to repay the loan in smaller payments spread over time.
A merchant cash advance is an alternative to traditional loans offered by The Merchant Marketplace, and it’s an excellent option for businesses with low credit scores and limited or no assets. A merchant cash advance could be the ideal funding option if a company has a decent volume of card transactions or bank deposits. Lenders offer the required amount in exchange for a share of the business’s future credit card sales or bank deposits. Remittances are drawn daily or weekly, providing companies with greater flexibility.
Accounts receivable funding helps businesses raise working capital by using their outstanding invoices as collateral. Companies can borrow money depending on the value of their receivables, providing them with quick access to operating capital without requiring any other valuable assets to secure the transaction.
The Merchant Marketplace is crucial in helping small businesses in America sustain and grow their operations. With various funding options available, companies can choose the option that best suits their needs, providing them with the financial aid required to navigate the challenges of the COVID-19 pandemic and thrive in today’s growing market.
To learn more about Merchant Marketplace’s funding options for your business, visit their website at https://merchantmarketplace.com/services.