Capital can be one of the main reasons that small businesses fail. While credit remains tight for some entreprenerurs and business owners, this has only given rise to innovation within the finance industry. One of these companies is Merchant Cash and Capital, a cash advance provider. Merchant Cash and Capital (MCC) has extended more than $600 million in small business financing to over 20,000 business owners of various sizes.
Rescue a CEO had the opportunity to speak with Steve Sheinbaum the CEO of MCC to discuss alternatives to small business financing.
Why did you start your business?
Tell us about your industry and future changes you anticipate?
What advice would you give to entrepreneurs and business owners?
Can you interject? I can speak best from the perspective of financing and my advice would be to do what you can to be properly financed from the beginning. That is of course easier said than done. However, if financing for equipment, staff, expansion, taxes, etc. becomes an issue, shop around and see what financing solutions are available because there are many options out there to meet the specific needs of most small business situations. Our industry is built on providing flexible, quick and a wide variety of financing options that put funders in a position to say yes more often.
How is your industry helping entrepreneurs and business owners?
Additional reading from Steve Sheinbaum