Category: News

Photo of stack of $100 Blls

You got funded! 5 things to do first with your merchant cash advance

Congratulations! You just got funded with a merchant cash advance. Now it's time to put that cash to work for your small business. Having cash in hand will certainly help make structural changes, win new customers, and grow your small business. That's why it's so important to stick with your business plan. To apply the cash you now have in hand to the project you needed it for in the first place.

Here are 5 things you can do today.

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Trump the IRS! Get funding to pay your tax bill and benefit from these Small Business Tax Tips

It’s tax time! And you need to TRUMP the IRS (pun intended)! With April 15th just around the corner, Total Merchant Resources are here to provide our small business clients and partners with insight and support when you need it the most for your 2016 tax planning. When you grow, we grow!

If you’re planning on a 2016 tax payment after submitting your tax returns this tax season to the IRS, now’s the time to consult with us and apply for capital, should you owe the government.

We can provide funding from $5K to $500K with fast approval in 24-48 hours. You’ll need to qualify – just be in business 3 months with $100K in total revenue.

Remember, you can call us direct TODAY and speak to a funding representative who can assist you with your application. We’ll have an answer for you in 24-48 hours.

Get Approved Now! +1 (855) 275-8678

Or, you can apply right here on our website.

Here are 5 recent articles that will help you plan this tax season to reduce your tax exposure. If you haven’t started planning to submit your tax returns, then make it a priority today!

  1. CNBC: Last Minute Tax-Tips for Entrepreneurs in 2016
  2. Accounting Web: Tax Tips for Real Estate Professional Clients
  3. Kiplingers: Last Minute Tax Tips to Lower Your Tax Bill
  4. CBS Money Watch: Self-Employed Tax Deductions
  5. Entrepreneur: Tips to Ease Small Business Tax Season Stress
Video screenshot of Martin Mucci, CEO Paychex, CNBC Interview

5 Articles On How This Election Affects Small Business

At Total Merchant Resources, when you grow, we grow. We love providing insight, information, and resources to help you with your small business. One of the key factors we believe drives small business growth is the free sharing of information; knowledge is the best asset we have to make decisions about how to grow our small businesses.

These five articles provide information about how your small business may be affected by the 2016 Presidential Election and its outcome.

1. What President Trump’s Agenda Means for Small Business Owners (FORBES)

2. Small Business Owners Can Expect Policy Changes Under Trump (Chicago Tribune).

3. How a Trump President will Affect Small Business (Black Enterprise)

4. Small Businesses Can Expect Policy Changes Under Trump (ABC News)

5. Trump and Small Business (VIDEO – CNBC/Yahoo Business)

If you’re a small business seeking funding for any reason, you can apply today for working capital between $5k and $500k for improvements and repairs, short-term payroll needs, or any other reason.To qualify, your small business should be in business over 3-months and have over $100k in revenue.

Note: From time to time, Total Merchant Resources posts information and resources to this blog for #smallbusiness owners. We do not take any position for or against the content of these articles.

Total Merchant Resources receives California Lending License

We are excited to announce we have received our California Lending License to capitalize on providing businesses with working capital in the Nation’s most populous state. This new designation allows TMR to quickly and easily extend money to small and medium sized business throughout the Golden State.

“With more regulation and licensing requirements in the future we are delighted to be ahead of the curve. We are thrilled to have access to this very important market. In addition, TMR is now perfectly positioned to do business in California as we await the imminent and necessary regulation of the industry,” said TMR Co-Founder and CEO Jason Reddish.

Reddish and co-founder and CFO, Val Pinkhasov, were recently featured on CNBC’s ‘Shark Tank’, were among the very first business lenders to enter this space. They are a respected name in the industry and thanks to their major prime time TV appearance, have brought attention to this underutilized model for businesses to obtain working capital.

For more information on Total Merchant Resources Business Financial Solutions providing access to capital to small and medium sized business, please contact Gary Lane, Director of Business Development at (212) 220-9872.

TMR CEO, Jason Reddish, interviewed by Stark Group on News Talk Radio, 1490 WERE Cleveland OH

Total Merchant Resources CEO, Jason Reddish, was interviewed by real estate investor, Brian Stark of the Stark Group, on WERE News Talk Radio 1490-AM in Cleveland, OH. Listen to the interview and hear Jason talk about lending to and funding small business, TMR’s appearance on Shark Tank, and Brian taps into Jason’s mortgage industry experience to offer real estate funding suggestions to the show’s listeners.

Jason talks alternative lending for real estate investors who are rehabbing houses and flipping them. While TMR funds small businesses, these types loans are better handled by small banks in local markets.

I don’t want to be a technology company, I want to be the old school relationship business when you went in on a Saturday and you said, this is what I did with my business. And the deals made on the golf course…you shake hands.

Brian Stark asked Jason, the following questions:

What are three things business can do in the next 90 days to make their business more attractive to a lender like Total Merchant Resources.

Jason’s reply:

  • Be in business for 3 months.
  • Make sure you’re depositing at least $10,000 a month.
  • Keep current with your landlord. We do a landlord verification. If there is risk the business will lose their lease, it’s a concern.

Jason also reminded listeners, with Total Merchant Resources, there are no monthly payments. He said, “The way we get repaid…is we take a percentage of the business deposits. We score that business based on repayment or the time of repayment.”

“We have prepayment incentives. If you pay us back sooner, we’ll give you a cheaper payoff,” Jason said. He continues, “We look at your deposits and your cash flow. The most important thing, we don’t want to put your out of business to get paid back.”

Brian asked, what are three things business can do to grow their deposits in the next 90 days.

  • When you’re building your business, you have to make a living. But you also have to reinvest into your own business with your capital. You have to prioritize your business first.
  • You have to go with the times. If you don’t change with change, you’re going to get changed inevitably. You have to get savvy with computers. You have to learn the Internet. And, you have to watch your expenses. I’ve seen businesses go under, because the business hired someone who blew out their marketing budget. You have to get savvy online to market your business.
  • Call Total Merchant Resources at (855)-ASK-TMRE to get funding to grow your business.

Are you a small business owner seeking funding for your small business? Contact us today and one of our account managers will work with you to assess your business and get you funded in 24-48 hours.

TMR CEO Jason Reddish interview on how to manage lottery winnings with WCTC’s Bert Baron

Total Merchant Resources CEO, Jason Reddish, appeared on the Bert Baron show, 1450 Talk Radio WCTC. the topic: How To Manage Your Lottery Winnings.

This year, we saw the Powerball Jackpot hit over $1Billion. Jason talks about how taxes impact your winnings and what team (lawyer, accountant, and estate planner) you will need to make sure you have a plan to collect your winnings. Jason says you don’t have to run down and cash in the ticket right away. You have to organize your team first, so that you have a plan for the wealth you’ve now come into.

Jason recommends having a diversified plan with a focus on giving to charities to limit tax liability, like putting the money in tax-free municipal bonds, because – as he says, “equities, right now…they’re hurting.”

Bert Baron was kind enough to ask Jason about how Total Merchant Resources helps small business with financing for repairs, expansion, or other reasons that small businesses need financing, but cannot get from a traditional bank. And, Jason and Bert talked about how Total Merchant Resources appearance on Shark Tank put the concept of merchant cash advance “on the map.”

Of course, you can learn more about our Business Financial Solutions and apply for funding today!

TMR CEO Jason Reddish interview on Unemployment on 1490 AM News Radio KORN

Listen to Total Merchant Resources CEO, Jason Reddish, interview by 1490 AM News Radio KORN Morning Show host, Randall Dewitt, on the topic of how unemployment is forcing unemployed workers to consider entrepreneurship.

Jason discusses how the Total Merchant Resources merchant cash advance and credit card processing programs support new entrepreneurs transitioning from the traditional workforce to small business ownership with funding for expansion, repairs, capital expenditures, payroll, and other capital intensive needs outside of the traditional banking system, which can take up to 3 months for an answer.

If you are a new or existing small business owner seeking funding for improvements and other capital intensive needs, apply now and you’ll have an answer from Total Merchant Resources within 3 business days. Learn more about our merchant cash advance and merchant services programs.

Total Merchant Resources CEO, Jason Reddish, Jet Line Products Presentation

On March 2nd and 3rd, Total Merchant Resources attended the Jet Line Products conference at the Renaissance Hotel in Woodbridge, NJ. Jet Line Products is a family owned and operated full-line wholesale distributor of swimming pool supplies and equipment, whose clients include swimming pool builders, pool service businesses, and retail stores.

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Small Business Loans

(Mr. Wonderful Story)

No doubt about it, TMR (Total Merchant Resource’s) is going to completely change the Shark Tank Show in a very positive and big way starting this Friday Night on Episode 509. If there’s one thing all small businesses need is the access to working capital to keep the business afloat in lean times or to buy a much needed piece of equipment that would greatly pay off in the long run.

You have orders pouring in at a steady rate but you also have a lot of money going right back out making sure you keep all you’re vendors happy “first”. It’s a constant tug-of-war for a lot of Small Businesses stuck in this trap from taking their Business to the next level. If only they had access to a Bridge Loan that was backed up not by their credit score, but solely based on how successful the product is selling and the number of credit card orders the business is generating. This is where Total Merchant Resource’s comes in with a very creative solution that a lot of entrepreneurs of all types will be interested in what they have to say.

Unlike getting a Traditional Loan from a Bank for the most part Total Merchant Resource’s could care a less what your Credit Score is or what you intend to do with the loan for that matter. TMR makes loans to Small Businesse’s and Franchisees mostly based on revenue being generated by credit card sales. If your a brand new start up company with no track record of creditcard sales, you may want to wait a few months until you have an established track record before you apply to TMR. The one main requirement to get a loan from Total Merchant Resource’s is having a minimum of $5,000.00 in credit card sales each month.