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 […]

Women & Minority Small Business Owners Luck Out in Iowa

Reported in The Gazette – Cedar Rapids, IA “The Targeted Small Business program provides low-interest financing for small businesses that are at least 41 percent owned by a minority, woman or person with a disability. “ This article tells of 3 different restaurants which benefited from state loans with a 4 or 5% interest rate, ranging from $20,000 […]

Wishes for the New Year

New Year’s Eve can be a reflective time for anyone, but especially for small business owners.  In addition to all the personal resolutions, you have many for your business as well.  For many small business owners, the line between ‘Personal’ and ‘Business’ blurred such a very long time ago. Here are some articles I have written in the past few […]

An Unsecured Alternative to Loans – For Businesses

I just read an article examining pros and cons of unsecured loans vs secured loans.  I wanted to point out a third alternative for businesses which accept credit cards: credit card factoring.  Credit card factoring is also known as business cash advance, or merchant cash advance.  To learn more about it, go to our business cash advance […]

NFIB Small-Business Sentiment – 14 Year Low

“Meanwhile, on the small-business front, the National Federation of Independent Business NFIB small-business sentiment index fell to a 14-year low. “This is an important development given that the 2000s expansion has been built on growth in small businesses and given that historically the small business sector has accounted for over 60% of new jobs in […]

Getting Out into the Blogosphere – Technorati and Digg

Small and Large businesses alike have gotten on the blog-wagon over the past few years.  (Yours truly included, not to state the obvious).  Blogging is a great way to share information in a more casual, less official medium – and to communicate and share information with clients, competitors and the general public.  It is also […]

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. […]