Business Loan Option Blog

On Saturday, June 19th, 2010, Business Consulting Options, LLC will help sponsor the Crescent Beach Challenge (CBC), an annual event that helps raise money for the Leukemia and Lymphoma Society. This is the 12th annual event of this nature for this cause and over $150,000 has been raised thus far.
The CBC works to raise awareness for two types of blood cancer, lymphoma and leukemia.  Their summer charity event takes place every year in Crescent Beach, Florida which is just outside of St. Augustine on the east coast.

Money raised at the Crescent Beach Challenge provides much-needed medication and support to those afflicted with the disease as well as sustaining research for better treatments and cures.  Cancer is a killer and the more we know about combating the disease, the more lives can be saved.

The schedule of events include a running events for multiple age groups with 8 and under running 1K, those between 9 and 14 running 2.5K and all the others running a full 5K. There are also ocean-based events including a surfboard paddle race, a swim and a kayak event for anyone interested in participating. Besides the individual events, there are also team events including a cool relay that has contestants running and paddling on surfboards.

The event is a fun, competitive day in the beautiful Florida sun. The whole event wraps up in the late morning with a cookout and an awards ceremony for the multiple winners throughout the morning. Money is raised through sponsoring athletes, commercial sponsorships, and donations collected at the event itself. So, if you’ll be in the Crescent Beach area, come out and have some fun in the sun for a great cause that affects thousands of individuals every year.

In a word: money. Today’s restrictive credit atmosphere makes a blog about merchant cash advances even more timely and important. Non-traditional ways of lending are taking off as the market stifles or reduces all other types of small business loans. We will bring forward information to help spur business, create alternative lines of credit for entrepreneurs, and give the real scoop on the merchant cash advance industry.

Welcome to Business Loan Option’s blog. We hope that discussing the many different aspects of a merchant cash advance program, small business topics, and financial industry helps you discover an innovative way to build your business’ financial future during these challenging economic times.

What You Might Have Heard:

Cash advance loans have always been controversial for personal loans. For business loans, you will hear some of the same arguments, like they have high interest rates. The problem is that you might not hear why more business people are turning to these loans. A loan with a high interest rate is preferable to no loan at all when you are trying to make payroll. This is the situation many business owners face during this economic down turn.

What You Should Know:

Basically, the merchant cash advance is a completely different type of loan than a personal cash advance. Instead of using a paycheck as collateral, the lender uses the receivables of future credit card sales. This is ideal for businesses, like restaurants and retailers, who have this asset that no other traditional lender is willing to tap. In exchange, the lender gets to collect on the debt in a short term investment that is profitable to them. The business owner gets the ability to grow their business or ride out the tough economic times with only the current business model they have now. They don’t have to put up personal assets like a home or a car to get the loan and they don’t risk these assets should things take a turn for  the worse. These non-traditional loans are becoming so popular that once repayment is completed, many businesses opt to go back and start a new loan.

Thanks for stopping by, and hope to see you again!