What is Merchant Cash Stacking & Why Should You Avoid It?
It may be tempting, but merchant cash advance stacking can put your small business at risk. In this post, we’ll explore what MCA stacking is, why MCA stacking is dangerous, albeit tempting, and alternative funding options to stacking merchant cash advances.
Let’s get started.
When Should a Business NOT Take Out a Business Loan?
Not all businesses are ready for a loan, and it takes specifics before applying. You must be in good financial health and for example, not seeking funds to pay for staff before applying for a business loan. Learn more about if you’re ready to apply for business loan.
When Should a Small Business Borrow Money?
You have to have a vision and be confident that an additional investment will generate new profits for you to increase your business growth, but that’s not the only indicator required to apply for a business loan. Check out this prime example when it’s a good idea that a small business owner borrows money in this post.
Who Can Use a Reverse Mortgage?
There is a specific age requirement in order to take advantage of the benefits of a home equity loan. Watch this video to find out if you’re eligible for a home equity loan.
How Small Businesses Can Combat Staffing Shortages with Merchant Cash Advance Funding
Merchant cash advances offer small businesses a quick and simple way to leverage working capital. Because MCAs are repaid from a portion of your daily or weekly sales, hiring employees to help grow your business can allow you to repay your funding faster than other small business loans like Canada Small Business Financing Program loans.
Why Is It Difficult For a Business to Get a Business Loan?
Low revenue is one of the reasons why businesses have a hard time getting a loan, but in this post, we share what lenders look at and things you can work on to ensure you get approved.
Will a Reverse Mortgage Affect My Old Age Security?
Find out if a reverse mortgage will have an effect on old age security in this YouTube shorts video.
Canadian Housing Market News 2023
If you’re looking to get a mortgage, you may be able to purchase for less than you could a year ago but you’ll be dealing with much higher interest rates. It’s harder to meet the requirements for a good mortgage rate at the moment as the CMHC changed protocols based on the change in interest rates. However, for those who have excellent credit, the interest rate can be reduced, which is a silver lining. There are a few facts you’ll want to know as a Canadian looking to get in or out of the real estate market in 2023.
Do I Need a Home Appraisal for a HELOC?
A home appraisal estimates how much your home is worth. Find out if a home appraisal is needed in order to get a home equity loan or home equity line of credit in this blog post.
The Bank of Canada Interest Rate and How It Impacts Canadians Now and Looking Into the Next Few Years
Interest rates with the Bank of Canada tell a tale of how the economy in Canada is doing. As interest rates rise, consumerism falls so there’s a major impact on Canadians in general. To get the full scope, it’s important to understand the influence of the Bank of Canada. It’s a crown corporation and the main bank of Canada and is responsible for putting together Canada’s monetary policy.