Unsecured Lines of Credit - Can You Get One?

One financing option which I have given less attention to in this blog than to other options is the “Unsecured Line of Credit”. This financing method has two things in common with business cash advance: “unsecured” and “financing”. That is where the similarities end.
Unsecured lines of credit are gaining in popularity (among those […]

Alternative Financing is Gaining Popularity

 In the following transcript from the podcast of The Great Big Small Business Show, we see that business cash advance through credit card factoring is gaining in popularity and reputability.   
A simple “swipe” of a customer’s credit card keeps your working capital advance up to date. Since the rate at which they collect the money is determined by a […]

New Yorker Cartoon: Qualifying for a Loan

“O.K., folks, let’s move along. I’m sure you’ve all seen someone qualify for a loan before.” (Policeman talking to a crowd peering through a bank window.)
I think many of us can appreciate this cartoon, especially now that getting a loan is so difficult.
If your business doesn’t qualify for a bank loan, or you don’t have the […]

Question: Is Credit Card Factoring Sharia Compliant

A topic which I have become increasingly curious about recently regards Islamic Banking Laws.  Now, all I know is that risk is shared and there is no interest allowed.
In credit card factoring, or business cash advance, we pay business owners money in advance, which they expect to be getting in credit card receipts over the […]

The New Yorker - Loan Denial

I found this cartoon on cartoonbank.com .  It reads:  “Here, perhaps you’d like one of our brochures on how we don’t give loans to people like you.” (Loan officer to man.)”
I like this cartoon because it reminds me why I love being able to provide small businesses with alternative financing options. To see what I’m […]

Business Cash Advance - How to know who to work with?

If you are considering Credit Card Factoring / Business Cash Advance as a Cash Flow solution for your business, the next step might be picking an agency you want to work with.  I put together the 3 points which I consider the most important to examine before accepting a business cash advance from ANY agency.
1. Make […]

Top 3 Reasons Businesses Sell their Receivables.

Lets face it, if a business did not have to, it wouldn’t sell its’ receivables. Yet receivable factoring, in the form of invoice receivables factoring or a business cash advance (credit card factoring) is a very common and widely used financing option for small to large sized businesses.
Although there can be many reasons why a […]

Subprime Mortgage Collapse: Increased Demand for Factoring

I read an article in the Indy Star today which examines the effect of the subprime mortgage collapse on small businesses seeking financing.  The writer looks at the two other options readily available to small businesses - leasing and invoice factoring (similar to business cash advance.)
She pinpoints in her article the increasing demand for invoice […]

Business Cash Advance A Form of Invoice Factoring

Not everyone realizes that “Business Cash Advance” is simply another type of factoring - one based on credit cards.  The benefits of credit card factoring over invoice factoring abound.  The top five benefits are:

no hidden fees
no pestering your customers
no dependence on a single client - you are not factoring an individual invoice, just future credit card sales
less […]

“The Clever Ones” are turning to Business Cash Advance

In my daily google, I ran across the first paragraph of an article, with an offer to buy the rest.  I was amused, because we offer articles like this for free!  The first few sentences (incl. the title) told me what I already know - we are in the right business here at FastUpFront.  We offer a great service to our […]

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