The Archaic Business Loan
This is something like what you would expect to hear from the caveman days of business, from a normal business transaction between cavemen. “Hey Oogi, I am trying to start up a bow-and-arrow business, do you think you could loan me some caveman cash?” Then Oogi would obviously ask, “When can you pay me back, because if you are late paying me back it will cost you dearly.”
The story of Oogi, the caveman, and his friend is what I like to call a lender-centered business loan. Did you notice that Oogi was very inconsiderate of his friend’s situation. It could be that for whatever reason his friend would need to pay back his business loan not based on Oogi’s precious schedule, but rather, based on the success and growth of his own business. The business world for entrepreneurial cavemen was oh, so harsh.
Let’s now pretend that Oogi, through some time-warp glitch suddenly ended up as a modern-day Manhattan businessman. Would he fit it? Would Oogi, with his archaic mentality be capable of understanding the developments of the modern business loan? Other than needing a bath and a new wardrobe the answer is sadly, yes, Oogi would fit right in to the modern business loan model. The truth is, that over the previous few thousand years the business loan has not changed much.
Our playful story of Oogi as a Manhattan businessman is really just a cute way of showing the silliness of the old-fashioned loan structure which still exists to this day. Wouldn’t it be nice if there were a more borrower-based way for businesses to borrow the cash that they so desperately need at times?
Due to the emergence of credit card processing, today there is a very attractive alternative for your business, loans for businesses are no longer necessary.
Why Choose a Merchant Cash Advance When Everyone Else Wants to Occupy Wall Street
Occupy Wall Street is another signal to governments across the world of general discontent. Along with protests in London and outraged youths in Spain, resentment against the elite in the Western World is gaining. Yet polls show that most Americans blame the government rather than Wall Street for the bubble bursting in 2008. Unfortunately, that doesn’t make it any easier for small businesses to obtain business financing or a merchant cash advance.
Part of the problem is that governments promised and spent a lot during the Golden years. And while the finance industry is in part to blame for using excessive derivatives and for being “too big to fail,” thereby stoking the fires of success pre-2008, the government’s impediments to a global free market threaten the continuation of competitive and successful capitalism.
Americans especially have begun belt-tightening, spending less money on education, new cars, alcohol, and tobacco, and more on services like healthcare and housing. But what can the average American do to compensate for a later retirement age, lower pensions, and years more of austerity? Maybe a merchant cash advance is just the thing.
Instead of scaling back in the short-term, what’s needed is some extra spending now to ease the panic in the medium term. If that can be achieved with a merchant cash advance for your small business financing, try it. If on the other hand, you want to prove a point by protesting to show our politicians that they have a much greater distance to go to pacify the masses, a merchant cash advance can help you split your time between work and protestation. Being part of a transient community which stands for the same thing can help prove to politicians that we take our future seriously and we want to be told the truth. It’s a kind of investment, if you can believe it, in that the time organizing around a common belief can convey to the powers that be how we want change and how we are willing to sacrifice for it.