A Small Business Loans Alternative Dialogue

Cailee and Shauna, co-owners of Pretty and Pink, a women’s clothing store, have been seriously thinking about expanding their business.

The store is located in the city, where Cailee currently lives. Shauna, however, lives in the suburbs, and based on how well business has been going at their store in the city, they figured they could make even more money if they opened a Pretty and Pink in the suburbs, near Shauna’s home. She could run that store, instead of commuting to the city everyday. Of course, they would need some extra funds to be able to make this happen. So off to the bank they went.

When they got to the bank, the conversation went something like this:

Shauna: Hi, we would like to discuss receiving a small business loan.

Bank: Ok, how would you be using the loan?

Cailee: We are the co-owners of Pretty and Pink. It’s a women’s clothing store, you may have heard of it.

Bank: Oh yes, my wife shops there.

Cailee: That’s great. Well, we would like to open another store in the suburbs, but we need some seed money before we can grow our business.

Bank: Ah, I see. Would you happen to know your credit scores?

Shauna: I believe mine is around the mid 600s.

Cailee: I think mine is around their as well.

Bank: Well I can tell you right now those scores are not the greatest and based on them alone, it’s going to be very difficult to provide a loan for you. Would you happen to have any collateral you could offer? A house? A car?

Shauna: I don’t think either of us is willing to put our possessions up for collateral at the moment.

Bank: Well I’m sorry, but there’s nothing we can do for you right now.

Cailee and Shauna walked solemnly back to the car.

Cailee: I really think opening another store would be great for business.

Shauna: I know. There’s got to be some type of small business loan alternative.

Just then Cailee remembered an article she’d read about a week ago. The article was about the merchant cash advance, an alternative to small business loans for merchants. She couldn’t remember everything that was in the article, but she did remember the main points. The merchant cash advance was unsecured and lenders could fund business owners whose credit scores were less-than-perfect.

Cailee: Shauna, have you ever thought about the merchant cash advance?

Shauna: The merchant cash advance, what is that?

Cailee: It’s exactly what we need, a small business loan alternative. Let’s go back to my place and research it!

Cailee and Shauna immediately went home, got online, typed in "small business loan alternative" and clicked on the first link they saw. They discovered that the merchant cash advance is an unsecured method of business financing that allows merchants (owners of retail and/or service-oriented businesses) like themselves, to optimize their businesses’ credit card sales.

After researching, they found out that in order to be eligible to receive a merchant cash advance, they had to own a business that processed at least $5,000 in monthly credit card sales and they had to have owned that business for at least six months.

Cailee and Shauna were ecstatic. They’d owned their business for two years already and were processing $10,000 a month in credit card sales. They became even more ecstatic when they learned about the merchant cash advance repayment procedure. First, they would receive their cash. Then every time a customer used a credit card to make a purchase, a small percentage from the sale would go toward repaying their merchant cash advance. This would allow their repayments to go with the flow of business.

They knew the merchant cash advance was right for them, so at that moment, they began the short process of receiving a merchant cash advance. They completed a short application, submitted the last four months of Pretty and Pink’s credit card statements and a few other documents, and about two weeks later they received a merchant cash advance.

Six months later, Cailee and Shauna stood in front of their new Pretty and Pink store in the suburbs on the day of its grand opening.

Shauna: Cailee, this was the best idea you ever had! I am so happy you figured out a way to get a small business loan alternative.

Cailee: So am I. Our new store looks great, it’s close to your home and I know business will increase dramatically. The possibilities are endless.

Small Business Loan Alternative
Choose the small business loans alternative.