Posts Tagged ‘Funding’

Article by Abhinav Poddar
























When it comes to small business owners, small business cash advance can be considered amongst the many alternative merchant funding solutions. Similar to most of the financing options provided by lenders, they come with both the positives as well as the negatives. If the owner is stuck in tight credit market, he will take the funds from wherever it is available. Small business cash advance can be considered a form of receivable financing. It is mainly a targeted receivable funding, where the receivable comes from the transactions done through credit cards.

Let us check out some of the reasons why small business cash advance should get a nod from owners of small businesses, when they are looking for merchant funding solutions.

€ It helps businesses to survive, especially during recession. They can take care of the urgent bills, even if their business has been running low at that time.
€ For businesses with short-term problem related to cash flow, small business cash advance provides a considerable help.
€ If there is a need for an urgent access to fund, then small business cash advance definitely helps. You can pay it off, whenever you have funds available in your business.
€ Even though in most cases, cash advance does come with high premiums and interest rates, there are private lenders in the financial market that offer rates close to what is offered on conventional loan. In such cases, you should prefer that deal to the traditional loan offer, as the processing is faster and the money reaches your account in no time whatsoever. You can buy machines or do similar business development programs using the money in such cases and have a longer repayment plan placed.

While it has benefits, which you can avail, there are a few things, which you should be aware of before going for a small business cash advance.

€ Interest rates are very high. If taken for a longer term, there are chances that you might end up paying close to the principal amount. There are two things, which you can do, in such a scenario. Firstly, you should never take such merchant funding solutions for a longer term. Secondly, you should try to go through the market and try to find out a reasonable deal available for you.
€ In case a fixed percentage of credit card sales is taken away daily, you might not have enough amount of money to cover for your operating expenses. Over here, what you must do is to make sure that the funding amount should be close to what is needed for your business. This will assure that the daily repayment amount will be low. Again, you should also be aware of your daily earnings as well as expenses and plan the repayment accordingly to assure that you do not get stuck later on.

Small business cash advance is amongst the advantageous merchant funding solutions available out there. However, you need to take the step carefully and make sure that it does not become a problem in the longer run.


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VendAsta Raises $ 8.25 Million in Funding from Vanedge Capital and BDC Venture Capital











Saskatoon, Saskatchewan (PRWEB) March 18, 2013

VendAsta Technologies, the industry leading provider of white label digital brand management solutions, is raising $ 8.25 million in funding from Vanedge Capital and BDC Venture Capital. The new round of funding will help VendAsta accelerate platform development to meet partner demand for new features and tools, and provide additional support.

“For any business, digital fragmentation creates acute challenges in managing local brand reputation. The various channels that businesses must monitor and engage are seemingly endless. VendAsta’s platform closes the loop for businesses, supplying them with tools to succeed in the digital world,” says Jed Williams, Senior Analyst at BIA/Kelsey.

VendAsta launched its Reputation Management platform in 2011, and within two years the company has grown to become one of the largest Reputation Management providers in the world. Together, its channel partners include eight of the top ten newspaper companies in the United States, as well as large pure play digital agencies, Internet Yellow Pages, and other independent digital and SEO agencies that provide Reputation Management to over 100,000 local small and medium-sized businesses (SMBs).

“VendAsta Technologies has done an excellent job partnering with top tier media companies across North America,” said V. Paul Lee, Managing Partner at Vanedge Capital. “Customer calls revealed VendAsta is agile, responsive, and delivers what they have promised. We have been told multiple times that VendAsta is a top vendor.” Robert Simon, Senior Managing Partner at BDC Venture Capital added that “the SMB market has been, to a large degree, untapped. We see VendAsta growing to be a very significant company.”

“We have built a white label reputation platform that allows businesses to monitor, manage and build their brand,” said Brendan King, CEO of VendAsta. “With these tools, our partners — whether large newspapers and yellow page companies, or small traditional and digital agencies — can be up and running in days and on the street selling products, backed by a full suite of prescriptive sales and marketing materials. This funding will allow us to accelerate the development of new products and maintain our culture of continual improvement.”

VendAsta’s platform currently includes Reputation Monitoring, Brand Analytics, Social Marketing, Presence Builder, and Concierge tools to help local businesses build their online brands. As an example, an agency that manages digital marketing for a local restaurant can keep track of the reviews the restaurant gets on relevant websites, generate tasks to respond to these reviews on the client’s behalf, ensure all the listings about the restaurant are accurate, and identify new leads by monitoring relevant chatter on social media — all from one common white label Business Centre. For its larger partners, VendAsta offers a suite of API-based services that can integrate this data directly into their platforms.

Interested parties can request demos of VendAsta’s solutions by going to http://www.VendAsta.com.

About VendAsta

VendAsta Technologies is a leader in digital marketing and brand management solutions for small to mid-sized local businesses. VendAsta provides white label solutions to media companies that work directly with local businesses, including online directional media companies, newspapers, broadcasters, SEO services, certified marketing representatives, web hosting providers, and interactive agencies. VendAsta’s reputation and presence management platform includes Reputation Monitoring, Brand Analytics, Presence Builder, Social Marketing lead generation tools and Concierge CRM platforms to help manage and sell digital products. Today, over 10,000 digital sales representatives across 250 media organizations provide VendAsta powered solutions to local businesses. For more information, visit http://www.vendasta.com.

About Vanedge Capital

Vanedge Capital is a Vancouver BC based venture capital fund focused on investments in interactive entertainment, digital media and infrastructure software businesses. The fund managers have extensive experience and relationships in this sector, and have built and led world class companies in video games, cloud storage and enterprise software, among others. For more information, visit http://www.vanedgecapital.com, or contact info(at)vanedgecapital(dot)com.

About BDC Venture Capital

BDC Venture Capital is the largest Canadian venture capital firm with more than $ 1 billion in current and planned investments with direct investment funds focused on innovative IT, health and energy/clean technology companies. The BDC IT Venture Fund is a $ 150 million fund with partners in Vancouver, Toronto, Ottawa, Montreal and San Francisco. Investments are typically early stage companies in the enterprise, Internet or mobile sectors. The IT Fund has invested in many successful companies including Radian6 (acquired by Salesforce), Opalis (acquired by Microsoft), Bycast (acquired by NetApp) and Q1 Labs (acquired by IBM). More at http://www.bdc.ca/vc or on Twitter @BDC_VC.

Press Contacts

VendAsta Technologies

Jeff Tomlin, Vice President, Marketing

(306) 220-2721 | jtomlin(at)vendasta(dot)com

Vanedge Capital

Amy Rae, Principal

(604) 351-7110 | http://www.vanedgecapital.com

BDC Venture Capital

Rober Simon, Managing Partner

(415) 509-3001 | http://www.BDC.ca























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