A Guide To A Merchant Cash Advance

An MCA or merchant cash advance is a type of financing enabling businesses to sell part of their future earnings for an immediate payment. This enables the business to grow and pay their operational expenses. The means of paying for the financing is dependent on the type of business.

The Specifics

The majority of businesses consider an MCA a payment for future sales as opposed to a loan. The amount of funding provided is determined by reviewing information such as bank statements, commercial sales and credit card sales. This establishes sales potential by providing sales performance details.

The Funding Amount

A combination of the perceived risk and the sales are used to determine the amount of funding. The majority of companies will advance between 80 and 150 percent of the businesses average monthly income. The amount the business must repay is calculated by multiplying the return factor with the amount financed. The return factor is usually between 1.09 and 1.50. This means if the payback factor is 1.09 and the transaction amount is $100,000, the business must pay back $109,000. This must generally be done within three to fifteen months. Once the financing has been approved, the funds are deposited into the businesses account.

Repaying the Funds

There are several ways the business can pay back the money. If the funding was derived from credit card sales, the payback is a percentage of future daily sales. This is called the retrieval rate. It is usually between eight and thirteen percent of the daily sales. The company providing the financing may use a direct withdrawal system to deduct the funds from the businesses bank account. This is often called an ACH loan. Most companies make this deduction weekly.

The Disadvantages

The biggest disadvantage is the cost the business pays for financing. This is the reason a business will not apply for a merchant cash advance without careful consideration. The business must be fairly certain the funding will enable them to grow the business and pay back the lender. Cash advances also have a fixed value similar to a term loan. This is generally not the right solution for solving difficulties pertaining to the cash flow. A Los Angeles merchant cash advance loan will offer a temporary solution for cash flow issues, but usually needs to be refinanced numerous times. A line of credit is a better solution when the issue is the cash flow.

The Advantages

There are numerous advantages with an MCA. The business can obtain the cash in just a few days. It is also easier to qualify for an MCA than a standard business loan. When the business needs funding urgently, an MCA is an excellent solution. It is important to look at both the advantages and the disadvantages prior to applying for a merchant cash advance.

The SBA Microloans

There are a couple alternatives to an MCA. The first is an SBA Microloan. This can provide a small business with $50,000. Despite the fact this type of loan does not demand good credit, there are disadvantages. It is much more difficult to be approved for this type of loan than an MCA. An SBA Microloan is also more complicated, requires a lot more information regarding the business and can take a long time for approval.

Invoice Factoring

Invoice factoring can only be obtained if the business is selling their services or products to other companies. The biggest issue is commercial loans are generally approved using thirty to sixty day terms. This often created difficulty with cash flow. An MCA is a much simpler, easier and more time effective solution

What Does a Personal Injury Lawyer Do?

Personal injury lawyers are there to help you when you’ve been injured in an accident. If your injury is a result of negligence of a person, company, government agency or any other organization, the lawyer can help you get financial compensation. Although many types of lawyers appear in court, personal injury lawyers are sometimes referred to as “trial lawyers.” Despite this fact, most personal injury cases are settled out of court and never go to trial.

Types of injury cases

There are a wide variety of situations where an injury can result because of negligence. Some of the most common ones are traffic collisions, medical malpractice, harmful pharmaceutical drugs and professional malpractice. There are many kinds of medical malpractice cases, including nursing home abuse, misdiagnosis, failure to treat, surgical errors and birth injuries.

Transportation accidents that a personal injury lawyer can help you with include plane accidents, public transportation, boating accidents and even pedestrian accidents. Personal injury lawyers also deal with premises liability where people suffer injuries from hazardous conditions. This includes slip and fall accidents, negligent security and injuries from pets or security dogs.

Reasons for compensation

As a plaintiff in a personal injury case, you’re entitled to many different types of compensation depending on what kind of injuries you’ve suffered. For example, you may have suffered loss of income, lost wages or ability to earn money, mental anguish, pain and suffering, or loss of quality of life.

What Personal Injury Lawyers Do

Depending on the type of case, the lawyer’s area of specialty and what stage of the process the case is in, there are various actions that personal injury lawyers can take. If you’re a business whose suing another business, and facing financial problems – you can get a merchant cash advance.

Negotiating with insurance companies

Most people are not very experienced at negotiating, but personal injury lawyers negotiate with insurance companies quite often. By reviewing the policy details, a lawyer can determine the highest possible amount of compensation available for the accident in question. A lawyer can also speak on behalf of the client if they don’t want to give a statement.

Representing clients at trial

If an injury case goes to trial, a personal injury lawyer will represent the client at court. The lawyer is highly trained and adept with court procedures, laws and etiquette. Having a lawyer greatly increases the chances of winning and receiving a higher settlement.

Sending demand letters

A demand letter is a document drawn up by the lawyer that demands a specific amount of compensation based on the severity and types of injuries that the plaintiff has suffered.

Gathering evidence

Personal injury lawyers can acquire many types of evidence to support the case, including police reports, witnesses, photographs, video footage, medical records and property damage reports.

There are many benefits of hiring a personal injury lawyer because they perform essential functions in the process of settling an injury claim and they have vital experience and skills. A lawyer helps ensure that you will have better chances of winning and that you will receive the maximum possible compensation for your injuries.

What Is A Waist Trainer And How Does It Work?

Stars and social media influencers can be seen all over the internet praising the benefits of waist training to help lose weight and get in shape. With celebrities like Kim Kardashian lending credit to their hour-glass figures to the method, people everywhere are asking questions and wanting to know if it could work for them too.

What is it?
This may be one of the most common questions that are being asked. Is it just wearing a corset? Is there a diet or exercise involved? Well, the answer is yes to all of these questions if you want to achieve the best results. The purpose of waist training is to strengthen the abdominal muscles between the ribcage and hips in order to create an hourglass figure. By working out the obliques and abdominal muscles, you can flatten your tummy and get a more defined waist.

What results can you expect?
Results will vary for everyone, you can’t expect to get the same exact body shape like your favorite celebrity. After all, everyone is built differently. While nobody can change the size of their hips, they can still reduce dreaded love handles and reduce the amount of fat in these problem areas. By completing waist training, you could get those voluptuous curves that everyone wants.

Are there different corsets?
There are different types of corsets that are used for different purposes. While some are mainly cosmetic, others can help to increase strength, help women post-pregnancy, and provide support for people with back problems. It’s important to choose the correct corset for what you are trying to achieve. There are some corsets that increase the body temperature during exercise which can make workouts seem more effective and increase how much perspiration is produced. The corsets meant to strengthen improve core stability by adding support. These types can even help to improve posture while strengthening core muscles. For Kim Kardashian, she uses a combination of these types depending on the situation.

Which exercises work best?
While strengthening core muscles is important, fat loss needs to be considered as well. This is why it is suggested to combine waist training with a proper diet to get the most dramatic results possible. Exercises that work out the abdominal muscles and the back are the best way to get the strengthening results most people are looking for with waist training. In order to lose the excess fat, a healthy diet combined with metabolic training can help you achieve your hourglass goals. By combining strengthening and fat burning exercises along with a proper diet, you can be well on your way.

How long do the results take?
While wearing the corset, your body will look drastically different immediately from just wearing it. The more lasting changes to the body will vary between person to person. People whose bodies are already firm may have to wait longer than those who are softer to see results. Either way, many people enjoy the feeling and look of their body while they are wearing the corset which can increase their confidence immediately.

Where did it come from?
Waist training has been around for hundreds of years. Some of the oldest cases of waist training involved ancient Cretian warriors who believed a small waist indicated athletic prowess. In other cases, royalty and other elite would wear corsets as a sign of wealth. If someone had time to watch their figure, they clearly had leisure time and money to spend.

Why do you need a divorce lawyer?

Why do you need a divorce lawyer?

Few situations in life have as deep an impact on a person than dealing with a divorce. A world that was once full of optimism and security is now shattered and replaced with one of fear and uncertainty. However, a divorce requires you to make significant decisions that will have a major impact on your life moving forward. It is precisely for this reason why you need a divorce lawyer.

Understand the legal issues
As you go through the process of divorce, realize you and your soon to be ex-spouse both have legal rights and responsibilities, which are even greater if you have children. The primary economic issues involve an accounting of marital assets and property, determining if any separate property exists, apportioning debt, hard money, and ultimately dividing property. Under certain circumstances support or alimony maybe awarded, as well as the issues of child custody and support addressed.

Agreements between the spouses
It is widely understood that contentious divorces are counterproductive. Not only are they emotionally draining and stressful, both parties end up paying significant legal fees. Moreover, in most cases, the same settlement that the court will ultimately impose may be quite similar to one that could be reached if you and your spouse sit down and have a rational discussion without acrimony and accusations.

Divorce today is mostly guided by statutory rules regarding division of property. Although the judge does have some discretion, the final result will most often resemble one that could be reached by mutual agreement. In fact, many divorce courts have a mandatory mediation or arbitration requirement for all divorcing couples. Absent issues such as physical or emotional abuse or incarceration, the couples must first try and sort out the issues outside the courtroom before the judge becomes involved,

The divorce lawyer’s role
Many people believe if the court is not involved, why bring a divorce lawyer into the mix? One consideration is to be certain you have protected your own interests in reaching an agreement with your spouse. What may seem to be a fair settlement may become unworkable upon practical application. For example, it is not uncommon for the family home to be the largest single asset belonging to a couple. If there are children, the wife typically gets the home, but if sufficient resources are not provided as part of the agreement, how is the wife supposed to pay the home’s monthly expenses?

A divorce lawyer will counsel you on the wisdom of your plans and make certain what you agree on will actually work. In fact, many divorce courts are reluctant to approve a financial agreement plan between divorcing couples unless both have legal representation. This is especially true if there is a great disparity in the business acumen and sophistication of the respective parties.

If divorce becomes inevitable in your relation or is simply the best resolution for all concerned, take the necessary steps to protect yourself and your children, as well as your ex-spouse, as you begin the next chapter of your life.