Many small business owners in the United States turn to the U.S. Small Business Administration (SBA) loans program when they contemplate additional financing for their business. And it’s not hard to see why. In addition to providing quick financing when needed, the SBA also will guarantee repayments to protect against the borrower defaulting on the loan. This guarantee encourages private lenders to provide funding to qualified businesses.
A merchant cash advance (MCA) offers several great benefits, making it one of the most popular financing options among small business owners. In MCA, you get an advance for your business with no collateral and no restriction on how to spend the cash.
How Do I Get Out of an Equipment Lease?
Equipment leasing is a great financing option because it essentially allows for lower monthly payments typically spread out over the course of a fixed period rather than purchasing the equipment in a lump sum.