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How to Build a Referral Based Business

Posted by Rick Nischalke on March 1, 2017

Most small business owners know that the best customers and clients come from referrals. These leads usually require the least amount of "selling", they convert better, and are usually less price conscious than cold leads or inquiries. Here are some no cost methods of developing a powerful business referral network.

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Topics: Small Business, How to Build a Referral Based Business

How To Use The New Year’s Fresh Start Effect To Make Your Business More Profitable

Posted by Rick Nischalke on December 29, 2016

Anyone who owns a business, whether it’s a small side business or a big and growing business, obviously wants it to be profitable.

Maybe you’ve been dragging your feet when it comes to implementing new models and strategies that could improve your business and make it more profitable.

Chances are, come the New Year, you’ll be changing all that. Here’s why:


The Fresh Start Effect

The “fresh start effect” was studied by Psychologists who found that turning points in life that mark a new beginning (such as a New Year) can empower business owners (and just people in general) to improve their habits and get their act together.

If you’re a business owner (whether you’re a blogger, a vlogger, a t-shirt designer or a jewelry-maker) you’ll notice a surge in your motivation to succeed when the New Year approaches, and that’s what the “fresh start effect” is all about.

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Topics: Small Business, Working Capital, Business Loans

Is Inventory Financing Right for Your Small Business?

Posted by David Leibowitz on October 17, 2016

As you research various small business loan options, you’ve come across – or will inevitably encounter – the idea of inventory financing. However, as with many possibilities in the business lending world, there are a few layers and aspects that you need to know before pursuing or rejecting this option.

What is Inventory Financing?

If you assumed that inventory financing is, as the term suggests, capital that you use to purchase inventory, then you’re right on the right track but there’s more to the story.

Inventory Financing: What You Need to Know

The most important thing to know about inventory financing is that it’s only designed to purchase inventory (hence the name). As such, businesses that exclusively provide services will not qualify for inventory financing – since they don’t stock inventory in the first place.

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Topics: Small Business

The Critical Election Issue That Will Impact Millions of Small Businesses

Posted by Mulligan Funding Blog Team on October 4, 2016

While best practices come and go, there are three topics that – for good reason – remain out-of-bounds for most business conversations and communications: politics, religion and sports. (For those of you scratching your head about the last one: obviously you’ve never made a Cubs, Red Sox, Cowboys or Lakers joke to the wrong sports fan at the wrong time – things can get ugly in a hurry!)

However, just this once, we’re going to breach this wise, time-honored etiquette by highlighting a critical 2016 election issue what will impact millions of small businesses in the years ahead – possibly including yours, your suppliers, and/or your customers.

What we’re talking about here is access to capital, which Yodle.com, a popular marketing advice for small business website, has listed among its top five 2016 election issues that will impact small businesses. The other issues that could impact small businesses include income equality, taxes, regulation, and healthcare.

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Topics: Small Business

The Future of Small Business Lending

Posted by Rick Nischalke on August 16, 2016

Obtaining funding for both small and medium-sized businesses is a major concern these days. Maintaining adequate cash flow for your business has never been more important. But qualifying for working capital funding is easier said than done, as banks and other traditional lenders are resistant to supporting anything but large corporations with perfect credit.

At some point in their business career, most business owners are forced to use their personal assets (credit cards, savings, investments, home equity loan, etc.) to provide working capital for their business. If you've been in business for any length of time, you can probably relate.

Mulligan Funding exists to solve the single greatest problem plaguing businesses in the lending industry today, providing easy access to working capital loans, merchant cash advances and business lines of credit to companies across the US.

Our CEO David Leibowitz, was recently featured in Inc. Magazine. In the article he describes how and why our company helps business owners and shares his views about the future of the lending industry.

Read the full interview at Inc. Magazine

 

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Topics: Small Business

How to Make the Most of Business Networking Events

Posted by Rick Nischalke on July 15, 2016

Are you in a position or profession that requires you to attend networking events? Some of us look at these events as an opportunity, while many of us see it as a “necessary evil” to accomplish a goal. In either case, here are some ideas about how to make the most of a networking opportunity, while simultaneously increasing your comfort level and effectiveness.

First, when possible, prepare a plan of attack before you arrive. Find out who will be attending and target your best prospects. Find out a bit about the individual or their company to show your interest in developing a relationship with them and or suggesting how you may be a good fit for each other. For example, when I am looking for businesses who might find a loan useful, I can look at their business model to determine whether a working capital loan or a merchant cash advance would be best. In situations where you aren't able to determine who will be your best prospects before a networking event, just start with the steps below.

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Topics: Small Business

How to Obtain Working Capital for Small Business Financing

Posted by David Leibowitz on April 20, 2016

As a small business owner, you know the critical importance of timely and adequate small business financing. However, you may also know from personal experience that banks are not answer to your working capital needs!

That’s because banks are extremely reluctant when it comes to approving small business loans. There are a couple of reasons for this – one that is fairly well known, and one that most people don’t know (because the banks want to keep it a secret!).

The more well-known reason that banks are against providing working capital for small business financing, is that they don’t want to assume any risk. Despite the fact that the Great Recession was engineered in large part because banks were loaning money to virtually anything with a pulse (actually, a cardboard cut-out or fern probably could have received a line of credit back in 2006), today they’re extremely risk averse – to a fault.

The less well-known reason is that it costs banks about the same amount of money to underwrite a small business loan for $50,000, as it does to underwrite a large enterprise loan for $3 million. And so banks get more bang for their buck by serving larger clients. 

So, now that you know why banks aren’t the answer for obtaining working capital for small business financing, the big question is: where can you turn? The answer so that is simple: Mulligan Funding!

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Topics: Small Business

3 Great Working Capital Loan Options

Posted by Rick Nischalke on April 13, 2016



While time is always of the essence on the business landscape, the stakes are much higher for small businesses. Delays and setbacks can be damaging or catastrophic, and ultimately even fatal to your business.

Below we've highlighted 3 excellent ways to increase your small business working capital in a matter of days! Each of these options allow you to cover expenses, investment in equipment, staff, vehicles, marketing campaigns, repairs etc. Unlike traditional financing, the use of funds is never restricted as long as your business can support the payback schedule. This freedom allows you to meet your immediate needs and goals and to take advantage of opportunities for growth, while firmly positioning you for future success and profitability.

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Topics: Small Business, Working Capital

3 Options for Getting a Small Business Working Capital Loan

Posted by Rick Nischalke on March 31, 2016

As a small business owner, you know that “it takes money to make money” – and that means getting a working capital loan isn’t optional, but necessary for your continued success and growth and, frankly, your long-term survival as well.

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Topics: Small Business, Business Loans

How to Get Short Term Funding for Small Business

Posted by David Leibowitz on March 25, 2016

As a small business owner, you know how essential cash flow and working capital are to your continued growth – and in the long run, to your survival as well.

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Topics: Small Business, Working Capital