As the year 2012 comes to an end we are all worrying about what 2013 will bring. Big and small businesses are being affected by the economic crisis, and US retailers have reported the weakest sales since 2008. These low sales rates are partially due to the lack of confidence within consumers in regards to the country’s economy. The Wall Street Journal recently reported that consumer’s confidence has reached its lowest point in December since the month of July. While foot traffic remains the same, chief research analyst Marshal Cohen of NPD Inc. has stated that customers are spending less than they did last year during the holiday season. Many shoppers and average citizens are worried about the chances that January 1st will bring new high taxes if Congress and the White House cannot resolve their issues to come up with a substantial budget plan to get us away from the “fiscal cliff”.
You keep hearing people throw out some fancy words at you. Among them is “Merchant Cash Advance” or “MCA.” People keep telling you that it can help or hurt your business, but do they really know what it is? You have to do your own research, understand what an MCA is and what it entails. Here at Business Credit & Capital we want to give you all the information you need about applying for the different loans in one place. We do not want you hesitant, or feeling like you are missing a piece of the puzzle. We give you all the pieces and then you decide in what way you want to put it together.
Times are tough. Money is not floating around as freely as it used to be. People are putting multiple locks on their wallet, only opening them for the most important and essential items that they believe they need. The ripple effect of all this is that small businesses all over the country are closing their doors because they are not making the same amount of money that they used to be. Instead of improving their business and advancing it so that they can meet the needs of consumers, they are down scaling because they too are afraid to spend a little and take the chance.
Even with the bad economic situation that the country is going through, also known as the recession, you are thankfully staying afloat and your business is running well. Yes, you are working harder than you were a few years ago, and yes business might be a little slower, but you are still making ends meet at the end of every month and you are able to pay all your employees and suppliers. You are living happily as you see the unfortunate problems that many of your fellow small business owners are going through.
It is hard these days. Every small business owner feels as if his or her hands are tied by the strain of the economy. For this reason many small businesses cannot do what they need to do to expand their business and make it a profitable enterprise.
Well, the situation is not as glum as you might think it is. There is a light at the end of the tunnel that can untie your hands and make everything a whole lot easier to deal with. This light is provided by your local small business funder. Your small business funder understands what you are going through, after all, they are a small business too.
Getting a loan from the bank these days is hard, and once you get approved for one paying it off can be even harder. Knowing this many people decide to borrow money from good friends and close family members who are capable of lending certain amounts of sums, but again the same problem occurs on a much more personal level. You still have to pay off any loans you receive, whether they come from an institution or a loved one. You have to always keep the right amount of cash on the side or keep money in a bank account to write checks on a regular basis so that you do not feel too indebted. It seems easy, but many times this turns ugly and complicated.