Cuando los empresarios necesitan efectivo rápido, los anticipos de efectivo para comerciantes (MCA) pueden parecer una buena solución. Pero a menudo son demasiado buenos para ser verdad. Lea acerca de cómo los MCA pueden arrastrar a su pequeña empresa a ciclos peligrosos de deuda.

Cuando los empresarios necesitan efectivo rápido, los anticipos de efectivo para comerciantes (MCA) pueden parecer una buena solución. Pero a menudo son demasiado buenos para ser verdad.

Lea acerca de cómo los MCA pueden arrastrar a su pequeña empresa a ciclos peligrosos de deuda.

 

¿Qué es un anticipo en efectivo para comerciantes?

Desde la recesión económica , las pequeñas empresas han batallado para obtener crédito  de bancos tradicionales. Las empresas necesitan capital de trabajo para sobrevivir, y las pequeñas empresas realmente pueden tener dificultades si no pueden obtener el financiamiento cuando lo necesitan.

Al igual que muchos hogares estadounidenses, cuando los empresarios tienen poco dinero  las cosas se complican y ellos se sienten desesperados . Los prestamistas alternativos lo saben, y se aprovechan de esta desesperación. Aquí es donde aparecen los anticipos de efectivo para comerciantes (MCA): empresas con fines de lucro que prometen aprobación rápida y calificaciones súper fáciles, incluso con mal crédito. Estos anticipos no son clasificados como préstamos porque la compañía del MCA ofrece un monto en efectivo que se paga a través de un porcentaje de transacciones futuras con tarjeta de débito / crédito. Piense en un MCA como un préstamo de día de pago para empresas.

 

Por qué los anticipos de efectivo para comerciantes son mortales para las pequeñas empresas

El problema con los MCA es que a menudo no son transparentes acerca de  cuánto costará este dinero l Hemos realizado una investigación sobre estas práctica nociva, sobre las que puede leer aquí. No solo se quedará atrapado con altas tasas de interés y tarifas ocultas, lo que lleva a niveles de APR muy altas , sino que algunas empresas de MCA pueden pedirle que firme una Confesión de juicio (CoJ).

Una CoJ es una forma que tienen las compañías de MCA para engañarlo. Si un prestamista requiere que firme un CoJ antes de que le den dinero, eso es una señal de alerta. No todos los prestamistas que le solicitan firmar  lo llaman con amenazas y drenan sus cuentas bancarias de la noche ala mañana, pero al firmar un CoJ, les está dando la libertad de confiscar sus activos financieros sin previo aviso.

Aunque los MCA pueden parecer una buena solución para una necesidad financiera inmediata, el costo de las tarifas ocultas y la redacción difícil simplemente no valen la pena.

Eche un vistazo a este video simple que ilustra cómo los MCA pueden conducir a ciclos de deuda peligrosos.

 

 

Opportunity Fund está abordando la desigualdad económica para que el trabajo arduo y la perseverancia signifiquen una oportunidad para salir adelante, no solo para salir adelante. Nuestros programas cuentan con el respaldo de una comunidad de donantes e inversores cuyas contribuciones ayudan a financiar pequeñas empresas, apoyar a estudiantes universitarios y construir familias más fuertes y vecindarios vibrantes.Desde 1994, el equipo ha desplegado $700 millones y ayudado a miles de familias a ganar, ahorrar e invertir en su propio futuro. Opportunity Fund obtuvo una calificación de 4 estrellas de Charity Navigator, el evaluador de caridad independiente más grande de Estados Unidos, por nuestro compromiso con la responsabilidad y la transparencia.

Visítenos en línea en opportunityfundloan.org/es y síganos en Facebook y en Twitter

Each month, we promote affordable events that help small business owners run their businesses better. This is your monthly calendar for in-person events in California and virtual events you can join from anywhere. Here are the best upcoming events in August.

Each month, we promote  affordable events that help small business owners run their businesses better. This is your monthly calendar for in-person events in California and virtual events you can join from anywhere. Here are the best upcoming events in August.

 

Northern California/Sacramento

Getting Your Business Holiday-Ready
Date: August 14, 2019 | 6:00 pm – 8:00 pm PDT
Location: 275 5th Street. San Francisco
Contact: Erin Morris | (415) 348-6227 | emorris@rencenter.org
Organization: Renaissance Entrepreneurship Center
Fee: $15

It’s never too early to get your business ready for the holiday season! Join us for a panel of experienced business owners that will cover topics like e-commerce, inventory and more.

Refreshments will be served, and there will be networking time to meet and connect with other entrepreneurs!

Click here to register for this event. 

Getting your ACT together! What you need to know before you do any marketing!
Date: August 20, 2019 | 12:00 pm – 1:30 pm PDT
Location:  1670 Market Street, Suite #112 Redding
Contact: (530) 926-6670
Organization: Jefferson Economic Development Institute
Fee: Free

Understand what is needed before you begin to put money into marketing for your business!

During this event you will:

  • Work through the Freedom Formula – There will be worksheets involved.
  • Identify competitors and customers – The actual formula to find out who they are.
  • What makes you different? – Learn the difference between USP and Unique Mechanism.

 

Click here to register for this event. 

Website Building Basics – Building And Publishing Your Own Website
Date: August 26, 2019 | 9:00am to 12:00pm PDT
Location: 4071 Port Chicago Hwy Suite 250, Room B. Concord

Contact: (707) 826-3919
Organization: SBDC Northern California
Fee: Free

This inspiring and interactive workshop is suitable for any level of experience or ability and is designed to introduce you to building and publishing your very own website.
Click here to register for this event. 

 

Southern California/San Diego

SB 1343 Sexual Harassment Supervisory Training
Date: August 14, 2019 | 9:00 AM – 11:00 AM PDT
Location:  1405 S Fern Avenue, Ontario
Contact: Mary T | (909) 983-0751
OrganizationOrange County Inland Empire Regional SBDC
Fee: Free

SB1343 now requires employers who employ 5 or more employees (including temporary or seasonal employees) to provide at least 2 hours of sexual harassment training to all supervisory employees by January 1, 2020.

We will be offering the 2-hour mandatory training, at no cost to you. Attendees will be awarded a Certificate of Completion at the conclusion of the training (must attend the entire 2 hours). 

Click here to register for this event.

Accounting for Non-Accountants
Date: August 9, 2019 | 10:00 AM to 12:00 PM  PDT
Location: 1003 East Cooley Drive. Suite 109 Colton, CA
Contact: (909) 890-1242
Organization: Inland Empire Women’s Business Center
Fee: $20

Do you want to understand your finances so that you can feel confident and in charge, making strategic decisions that will benefit your business and your future? Join us to make sense of your numbers and create a greater impact in your business and life.

Click here to register for this event.

Pricing for Profitability: Are You Charging What Your Worth?
Date: August 23, 2019 | 10:00 AM to 12:00 PM  PDT
Location: 1003 East Cooley Drive. Suite 109 Colton, CA
Contact: (909) 890-1242
Organization: Inland Empire Women’s Business Center
Fee: $20

Are you challenged with how to competitively price your services? How do you know if you’re charging too much – or worse – too little? Pricing your services is one of the most important decisions you will make in business, so make sure you are charging what you’re worth! Join us and discover what you must know to set your prices appropriately!

Click here to register for this event.

 

Virtual

How to Use Onsite Promotions to Drive More E-commerce Sales
Date: August 22, 2019 | 12:00 pm – 1:00 pm PDT
Location: Online—Webinar
Contact: Lora Nelson | lora.nelson@canyons.edu | (661) 362-5900
Organization: SBDC hosted by College of the Canyons
Fee: Free

Don’t just look to external marketing tactics to grow sales, look inside. From up-sells, cross-sells, couponing, quantity discounts, shipping offers and much more, your e-commerce site can turn in a wealth of untapped revenue.

Click here to register for this event.

Writing A Successful Business Plan
Date: August 13, 2019 | 12:00pm to 2:00pm PDT
Location: Online—Webinar
Contact: Jacques Bidjima | 628-652-6393
Organization: SBDC Norcal
Fee: Free

This workshop is an introduction to creating a business plan. This plan can be used to summarize one’s business proposition and provides a great first step to getting organized. This plan can be useful when pitching one’s business to potential investors or partners, when attempting to secure capital or to properly manage a business.

Click here to register for this event. 

Affiliate Marketing
Date: August 29, 2019 | 12:00 pm – 1:00 pm PDT
Location: Online—Webinar
Contact: Lora Nelson | lora.nelson@canyons.edu | (661) 362-5900
Organization: SBDC hosted by College of the Canyons
Fee: Free

What is affiliate marketing? How does it work? What are the best tools to leverage to streamline your affiliate marketing business? Find out with this webinar!

Click here to register for this event. 

 

We’re looking for upcoming events to promote to small business owners like you. If you have an event you’d like to share with fellow business owners, contact us at sblending@opportunityfund.org.

For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.

Loans are subject to credit review. Additional documentation may be required for credit approval. We are an Equal Opportunity Lender. Loans will be made or arranged pursuant to California Department of Corporations Finance Lenders License #6050609.

Opportunity Fund is tackling economic inequality so that hard work and perseverance means a shot at getting ahead, not just struggling to get by. Our programs are supported by a community of donors and investors whose contributions help to fund small businesses and build stronger families and vibrant neighborhoods. Since 1994, the team has deployed $700 million and helped thousands of families invest in their own futures. Opportunity Fund has earned a 4-star rating from Charity Navigator, America’s largest independent charity evaluator, for our commitment to accountability and transparency.

Visit us online at opportunityfundloan.org and follow us on Facebook and Twitter

You're looking for funding for your business. There are so many different avenues for getting a loan, where do you start? Knowing the difference between a for-profit and a nonprofit lender will help you as you shop around.

You’re looking for funding for your business. There are so many different avenues for getting a loan, where do you start? Knowing the difference between a for-profit and a nonprofit lender will help you as you shop around.

What is the difference between For-Profit and Nonprofit?

The most technical difference is the way an organization is categorized and taxed. A nonprofit is typically a 501(c)3 organization, which means they have certain tax exemptions because they are serving the public without making profit beyond operating costs. Many nonprofits are volunteer-run.

There are other key differences such as leadership structure and the way they are funded, but the most relevant differences to you as a borrower are their purpose and their qualifications for getting a loan.

Their purpose

For-profit lenders’ purpose is very clear: to make a profit. This includes traditional banks as well as predatory “alternative” lenders. This purpose drives the goals and motivations of the employees and affects who is able to get a loan from them. Because a for-profit lender needs to make money, they are less likely to lend to small businesses they deem to be more of a risk.

Nonprofit lenders include credit unions and microlenders like Opportunity Fund. A common misconception is that nonprofits are charities, because they are driven by more than making money. Nonprofit lenders are community-oriented and support initiatives that focus on improving the lives of small business owners. This means that Opportunity Fund, a nonprofit lender, is more likely to lend to “risky” businesses that others often won’t touch, such as new businesses, recent immigrants, restaurants, food trucks, micro businesses, and those with poor or no credit.

Qualifications for getting a loan

Things we hear a lot from our clients is that banks won’t help them because they have financial history that doesn’t look great on paper. This could be for a variety of reasons, but the message is clear: for-profit lenders care the most about numbers. In addition to requirements that most lenders ask for, they can be more strict about FICO scores and credit reports.

Opportunity Fund takes the time to listen to you and understand you as an individual with unique business needs. Some Opportunity Fund loans don’t have minimum FICO score requirements, and having little or no credit history may be accepted.

The trade-off with a nonprofit lender who takes on “risky” businesses is you may pay a higher interest rate to cover the greater potential loss. That being said, always look for a trustworthy lender who is truly affordable and transparent about what their loans actually cost.

Find a responsible lender

While not every for-profit lender is trying to suck your bank account dry, there are many “alternative lenders” out there that use dangerous and predatory practices that you should avoid – such as Merchant Cash Advances (MCAs) and Confessions of Judgement (CoJ).

Opportunity Fund is a co-founder and signatory of the Small Business Borrower’s Bill of Rights, which aims to educate small business owners about responsible business lending. Your rights, not protected by law but important for you to understand and fight for, include:

  1. The Right to Transparent Pricing and Terms
  2. The Right to Non-Abusive Products
  3. The Right to Responsible Underwriting
  4. The Right to Fair Treatment from Brokers
  5. The Right to Inclusive Credit Access
  6. The Right to Fair Collection Practices

 

For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.

Loans are subject to credit review. Additional documentation may be required for credit approval. We are an Equal Opportunity Lender. Loans will be made or arranged pursuant to California Department of Corporations Finance Lenders License #6050609.

Opportunity Fund is tackling economic inequality so that hard work and perseverance means a shot at getting ahead, not just struggling to get by. Our programs are supported by a community of donors and investors whose contributions help to fund small businesses, support college students, and build stronger families and vibrant neighborhoods. Since 1994, the team has deployed $700 million and helped thousands of families earn, save and invest in their own futures. Opportunity Fund has earned a 4-star rating from Charity Navigator, America’s largest independent charity evaluator, for our commitment to accountability and transparency.

Visit us online at http://opportunityfundloan.org and follow us on Facebook and Twitter

Business giants are making big headlines voicing their support for the LGBTQ community. Why? Read to find out and learn how you can help with your small business.

Business giants are making big headlines voicing their support for the LGBTQ community. Why? Read to find out and learn how you can help with your small business.

 

Business giants are making big headlines voicing their support for the Lesbian, Gay, Bisexual, Transgender, and Queer (LGBTQ) community. From American Express to IKEA, the business world seems to be opening its doors to inclusivity and equality. Why? Because being inclusive is better for your business. In fact, 64% of Americans would be more likely to buy from a company who supports LGBTQ individuals.

Not only will supporting this demographic benefit your bottom line, but it will boost productivity of your employees and attract top talent who cares about their employer’s mission. Employees who leave positive reviews about working for your business may mention your inclusion to others who will spread the word. Organic, word-of-mouth advertising is still the best way to grow your small business.

Easy Ideas To Support The LGBTQ Community

As a small business, you don’t have millions of extra capital on fancy awareness campaigns. Here are a few realistic ways you can celebrate diversity and support the LGBTQ community:

  1. Have a conversation with your employees. You shouldn’t expect anyone to come forward with their sexuality, but make sure you foster an open workplace where employees feel safe. Invest in tolerance training and check your bias when hiring.
  2. Do your research. It’s easier to stereotype, but it is more important to spend a little time learning about this demographic. Read about their experiences, discrimination, struggles, and passions. People are unique no matter what their sexual orientation, and you can best support them when you do your research.
  3. Hire and train managers who reflect your commitment. Having bad managers on your team will cost your business in reputation, employee satisfaction, worker productivity, and profits.
  4. Consider hanging up a small sign of your support. You can find lots of stickers, decals, and signs that you can post in your business – customers won’t think it is out of place next to your Yelp and Trip Advisor stickers.
  5. Check the diversity of your ads and marketing materials. Do you only show photos of heterosexual couples? Consider showing different types of families and couples for your promotional materials.
  6. Offer health insurance to your full time employees that covers gender reassignment surgery. As a small business, you may not have employees take advantage of this like big businesses do, but that you do will be noticed and appreciated.
  7. Support other LGBTQ businesses. Whether you’re looking for a new supplier or wholesaler, a community partner for a local event, or have personal shopping to do, consider looking specifically for LGBTQ-owned businesses.
  8. Donate profits to organizations that help the LGBTQ community. Your business doesn’t need to lose a large portion of revenue, but even choosing to donate a small percentage during Pride Month will go a long way towards showing your local community that you care.
  9. Sponsor an event. Check with local LGBTQ youth centers, non-profits, civil rights groups, and clubs for small events your business could sponsor.
  10. If your business has a single-stall restroom, make it gender neutral. Everyone just uses the “wrong” restroom when there’s a line anyways.

 

For information about Opportunity Fund’s small business loans, please contact us at 866-299-8173 or loans@opportunityfund.org.  For questions about your existing loan or other customer service questions, please contact us at 866-299-8173 or sbhelp@opportunityfund.org.

Loans are subject to credit review. Additional documentation may be required for credit approval. We are an Equal Opportunity Lender. Loans will be made or arranged pursuant to California Department of Corporations Finance Lenders License #6050609.


Opportunity Fund is tackling economic inequality so that hard work and perseverance means a shot at getting ahead, not just struggling to get by. Our programs are supported by a community of donors and investors whose contributions help to fund small businesses, support college students, and build stronger families and vibrant neighborhoods. Since 1994, the team has deployed $600 million and helped 20,000 families earn, save and invest in their own futures. Opportunity Fund has earned a 4-star rating from Charity Navigator, America’s largest independent charity evaluator, for our commitment to accountability and transparency.

Visit us online at http://opportunityfundloan.org and follow us on Facebook and Twitter

Opportunity Fund. Working Capital for Working People. opportunityfund.org