The PRWIRE Press Releases https:// 2019-06-12T05:05:23Z Alternative lender partners with training institute to accelerate business growth 2019-06-12T05:05:23Z alternative-lender-partners-with-business-training-institute-providing-smes-with-the-means-and-direction-to-grow How fast could a business owner grow their business with funding AND coaching from proven business growth experts? Beyond Merchant Capital (BMC) have partnered with The Entourage, Australia’s most effective business training institute, to create an exciting offer that could help SMEs accelerate the growth of their company by working to develop a proven strategy for success.   For a limited time, every funded loan from Beyond Merchant Capital includes a session with an expert business coach from The Entourage valued at $800! It’s a high-level strategy call where business owners get a strategic roadmap, highlighting the exact structural areas of the business they need to work on in the next 12 months to double performance. In addition, the call includes access to their Operational Freedom Finder, Rapid Revenue Growth Blueprint, Business Growth Roadmap, Business Growth Profile Diagnostic and High-Performance Team Masterclass.   Beyond Merchant Capital’s CEO, Larry Prosser said the combination of SME finance and the right mentorship is exactly what Australian businesses need. “We started Beyond Merchant Capital to address the shortage of viable finance options available to SMEs in Australia,” said Prosser. “Addressing cash flow challenges is one thing when it comes to growing a business, and the right mentorship can propel your business forward even faster. “We’re excited to be partnering with The Entourage. The partnership will give new customers the strategy they need from some of Australia’s leading business experts. We can’t wait to watch our customer’s businesses grow even faster with the resources offered in this new partnership.” With finance from Beyond Merchant Capital, plus the strategy from one of The Entourage’s business growth experts, SMEs have all the tools they need to exponentially grow their business.   Beyond Merchant Capital’s Financial Solutions for SMEs Beyond Merchant Capital takes the stress out of accessing the working capital businesses need to grow with its business friendly loan solutions. These loans can be as small as $5k or up to $500k. And with funding processed in as little as 24 hours, SMEs can be on their way to expanding their business in no time. Repayments for Beyond Merchant Capital’s loans go through the company’s unique variable repayment plan. This allows businesses to make repayments in line with their turnover. So, when business is slow, repayments will be lower. These adjustments don’t attract fees or penalties, they only extend or shorten the expected repayment term.   About The Entourage The Entourage was founded in 2010 by entrepreneur and 5x AFR Young Rich List Member, Jack Delosa. In addition, The Entourage now has a community of over 300,000 business owners. The community’s experts provide proven strategies for sustainable, long-term business growth.  And with The Entourage’s alumni regularly appearing on Australia’s lists of most successful entrepreneurs, you know you’re in good company.   About Beyond Merchant Capital Established in 2016, Beyond Merchant Capital specialises in providing capital to Australian SMEs through its working capital financial solutions. The company differentiates itself with its unique funding and payment models. These payment models give SMEs the cash flow they need to grow their business.  Focused on becoming Australia’s market leader for SME financing, Beyond Merchant Capital’s financial solutions are by entrepreneurs for entrepreneurs. Beyond Merchant Capital Announces its Launch to Broker Channels 2019-05-30T04:40:08Z beyond-merchant-capital-announces-its-launch-to-broker-channels Focused on unique merchant financing solutions for SMEs, opening up Beyond Merchant Capital’s products to broker channels will help brokers to grow their businesses and better serve their customers. This new channel also opens up additional avenues for businesses to access the cash they need without the complicated and lengthy approval processes they face in traditional financing channels. With the dedicated support of Beyond Merchant Capital’s National Business Development Management team, the company’s business loan products are positioned to provide customers with competitive solutions as businesses increasingly opt for alternative lending channels. According to KPMG’s 3rd Asia Pacific Alternative Finance Industry Report released in late-2018, the alternative finance market grew by 88 per cent in 2017 to $1.56 billion. Not only is this the result of the headwinds businesses face when it comes to securing finance through traditional channels, but customers are increasingly looking for the convenience that fintech offers while keeping the human element that’s lacking in some channels. Beyond Merchant Capital’s CEO, Larry Prosser says that opening up to broker channels provides immense opportunity for brokers to work with a fintech lender who puts the customer experience first. “As an alternative lender, brokers are going to be instrumental in helping us reach more customers with our business financing solutions,” said Prosser. “What sets us apart and provides an exciting opportunity for brokers to grow their businesses is our dedicated support team and streamlined processes that will help brokers deploy more services and products. "Not only will this help their customer’s businesses grow, but brokers have a world of opportunity at their fingertips to grow their own businesses too.” Best suited to bricks and mortar businesses and retailers, Beyond Merchant Capital’s merchant financing solutions provide a steady ongoing revenue stream to brokers with the peace of mind that comes from dealing with a transparent and responsible lender.   About Beyond Merchant Capital’s Business Loan Solutions Beyond Merchant Capital’s business loans are designed for SMEs providing them with loans from $5k to $500k with funding processed in as little as 24 hours. As an unsecured loan, there is no need to pledge assets and repayments are made via a unique variable repayment plan.  These loans allow businesses to repay the loan in line with turnover, with no fixed term. This means that when times are slow, the borrower's repayments are automatically lowered without attracting any fees or penalties. With a dedicated National Business Development Management team, brokers have the option to manage each stage of the client’s application process or refer the client to Beyond Merchant Capital to complete their application. If the client is eligible, Beyond Merchant Capital will send an offer for the broker to present to the client. Once the offer is accepted, the funds will be released in as little as 24 hours. The commission will then be transferred to the broker's nominated business account, usually within one week of settlement. With a flat-fee and no ongoing fees or charges to the client, Beyond Merchant Capital’s business loan solutions are a sustainable channel for brokers looking to expand their business lending product suite. As a result, brokers have the opportunity to earn attractive upfront revenue from a single referral with great commission rates for new loans and readvances. To learn more about issuing Beyond Merchant Capital’s business loan products visit beyondmerchantcapital.com.au/partner-with-us. Alternatively, you can contact a Beyond Merchant Capital Relationship Manager by calling 1300 672 035 or emailing partners@beyondmerchantcapital.com.au. About Beyond Merchant Capital   Beyond Merchant Capital (est. 2016) has extensive lending experience in the merchant finance industry, having founded successful finance businesses in several countries worldwide. Their shareholders include Merchant Capital who are in turn backed by Capricorn Capital Group and RMI Holdings Ltd. The Capricorn Group is associated with the broader Yellowwoods Group, which includes Hollard Insurance (In Australia: Real, Guardian, Woolworths, MediBank, RSPCA, AUSURE among others). The investment group, RMI, has underlying investments including MMI, Discovery Holdings and OUTsurance (In Australia Youi Insurance). Beyond Merchant Capital’s mission is to support the innovation and modernization of financial services in Australia. In this way, the fintech leader develops innovative financial products that deliver bespoke user experiences to businesses. Beyond Merchant Capital’s target market are digital native users who expect fast, simple and honest financial services products as well as an enjoyable user experience. Beyond Merchant Capital’s strategy also includes commercial alliances within the local and international financial landscape. For more information, visit www.beyondmerchantcapital.com.au Beyond Merchant Capital Supports Small Business Pledging Uncapped Cash Flow 2019-04-24T05:53:18Z beyond-merchant-capital-supports-small-business-pledging-uncapped-cash-flow As an entrepreneur in Australia, access to finance is one of the biggest barriers to doing business. During tough times, hardworking Australians are really feeling (not only the pinch) but also the punch. From banks that have let them down when they need it most. Luckily there is an alternative lender who is throwing a lifeline to small businesses. By offering uncapped cash flow and unprecedented terms that will keep cash flowing during hard times. The Stats 42% is the number of Australian entrepreneurs citing “access to finance” as the biggest barrier to doing business. Another scary stat is 63%: The number of business owners who took out loans but worry about how difficult this process is now becoming. And then there is 66 %: The number of Australian adults feeling financially insecure. Why all the worry? Last year we experienced threatening fallout when the Royal Banking Commission tightened lending criteria for traditional lenders. Add in the mix a housing downturn where the ING banned businesses from borrowing against homes, plus the usual red tape of enormous paperwork and lengthy lead times for traditional loan applications. So really, it’s not looking good out there. Fortunately, there are options for savvy retailers determined to do business. How this alternative lender is keeping cash flowing for small business Beyond Merchant Capital are providing easy cash for small businesses with accessible and transparent lending structures. The market is ripe and ready for this type of intervention. And Beyond Merchant Capital is excited to provide uncapped cash flow for small and medium businesses across Australia. Our customers love that they don’t need to pledge their homes or personal assets to access working capital to keep their businesses running. Add to that ‘no fixed terms’ means no late or early payout fees. With a Merchant Cash Advance the unique Pay-As-You-Trade model channels repayments via the merchant’s card terminal. This allows for variable payments that move in line with turnover. In real terms, this means that if for any reason trade suddenly slows down, so do the repayments. This is a game changer for seasonal businesses. Says CEO of Beyond Merchant Capital Larry Prosser, “Beyond Merchant Capital has emerged as a dependable and legitimate alternative lender.” Prosser added, “We are passionate about providing quick and sensible funding and so all our systems are geared to make this happen.” Who is eligible? It is really easy for a merchant to apply. All that is required is 6 months of EFTPOS transactions, 3 months of bank statements together with Lease and Trade Reference information as well as the business/owner details. Once provided, we are proud to say that 80% of Beyond Merchant Capital’s applications are approved within 48 hours – not months! In a difficult economy with stringent factors at play, these are the kind of stats we like to see. So for more information on how to access your share of Beyond Merchant Capital’s uncapped cash advance, contact this preferred alternative lender today. / END About Beyond Merchant Capital Beyond Merchant Capital (est. 2016) has extensive lending experience in the merchant finance industry, having founded successful finance businesses in several countries worldwide. Their shareholders include Merchant Capital who are in turn backed by Capricorn Capital Group and RMI Holdings Ltd. The Capricorn Group is associated with the broader Yellowwoods Group, which includes Hollard Insurance (In Australia: Real, Guardian, Woolworths, MediBank, RSPCA, AUSURE among others). The investment group, RMI, has underlying investments including MMI, Discovery Holdings and OUTsurance (In Australia Youi Insurance). Beyond Merchant Capital’s mission is to support the innovation and modernization of financial services in Australia. In this way, the fintech leader develops innovative financial products that delivers bespoke user experiences to businesses. Beyond Merchant Capital’s target market are digital native users who expect fast, simple and honest financial services products as well as an enjoyable user experience. Beyond Merchant Capital’s strategy also includes commercial alliances within the local and international financial landscape. For more information, visit www.beyondmerchantcapital.com.au For more information, please visit our website, read our blog, or connect with us on Twitter, LinkedIn, Instagram and Facebook. Small Lenders Prove to be a Big Help to SMEs 2018-12-17T23:57:53Z small-lenders-prove-to-be-a-big-help-to-smes When it comes to small business loans the Australian lendscape is changing. According to a recent RBA survey, the market is finding it increasingly difficult to obtain finance from the big four banks. So we are beginning to see entrepreneurs warm up to the idea of smaller alternative cash providers. This is mostly in response to the financial services royal commission’s fall out. Which has seen thousands of small business owners seeking small business loans from non-bank lenders. Banks are becoming increasingly unattractive to SMEs with 80% of business owners feeling less optimistic about their funding futures. So where to from here?   Tough times usher in opportunity But all is not bleak. When times get tough, there are often opportunities waiting in the wings. Small business loans are no different. Larry Prosser, CEO of Beyond Merchant Capital shares how “There is a real opportunity for alternative lenders to prove themselves here. Smaller lenders are able to offer what big banks can’t – quick working capital, flexibility, and reliability. Beyond Merchant Capital is one such lender. This fintech leader was created specifically for the retail market. They predicted how that market would change. And with a deep respect for the industry, developed a unique lending model to cater for it. This small business loan provider has quickly proved to be a real player in the lending market.   Merchant Financing is the ‘new’ small business loan So now instead of googling “small business loan”, small business owners are searching a new key phrase: “Merchant Cash Advance“. The quicker and far more flexible working capital solution for retailers. All a merchant needs is a 12 month EFTPOS history, a card terminal and monthly turnover of at least $5,000, and they are eligible for 80-100% of their monthly card turn-over. In the form of cash. Best of all a ten-minute application process and the ability to provide funding in under 48 hours, makes this Fintech leader extremely attractive to SMEs.   Why non-bank lenders? Banks have tighter lending criteria. So the lower your credit history, the more stringent their policies. Alternative small business loan providers, however, are not banks at all. So they are able to fund with an entirely different set of criteria. This allows for more flexible terms, unsecured deals and extremely quick turnaround times. The real difference comes down to how the business pays back the loan. Instead of working on the traditional fixed monthly repayment, a Merchant Cash Advance repayment occurs via the EFTPOS terminal. This works well for both parties.   The personal touch Banks are big institutions and because of this, lack that personal touch. Smaller lenders run very differently. And part of that package is welcomed attention and a hands-on attitude. Only where it counts though. They understand small business, and that the entrepreneur at the helm is the best person to run it. Not them. So while fintech lenders prefer that funds are used for growth-enhancing opportunities, they are not in any way prescriptive. You won’t find that kind of policy with a bank loan.   Small business loans can be flexible Banks typically work on a fixed term and rate. However, Merchant Financing has a unique repayment solution that works directly in line with turn-over. Here, an agreed percentage is withheld from each card terminal transaction. With the balance going back into the merchant’s account. This means that real-time cash flow dictates repayment timelines. Great for seasonal business. Which is not normally taken into account in a traditional loan setting.   Times may be tough, but entrepreneurs in the know will see this as much as an opportunity as the non-bank lenders do. A chance to do things differently, and maybe even more effectively than ever before. In this case, going small can lead to really big things.