Taking a Hard Look at Revenue-Based Loans

Running an eCommerce business can be a wild ride, but it’s not all sunshine and rainbows. One major hurdle that many online store owners face is figuring out how to finance their businesses. So today, I have Bill D’Alessandro, perpetual repeat guest and Founder and CEO at Elements Brands, joining the show again to dive into financing and—more specifically—revenue-based loans, also known as merchant cash advances.

In the episode, Bill drops some serious knowledge bombs about financing your business and the importance of going into it with your eyes wide open and knowing all of your options. Listen in to hear why he’s not a fan of revenue-based loans, the alternatives to look at, and tools for planning your cash flow to avoid falling into the debt cycle in the first place.

You’ll learn:

• Why Bill hates revenue-based loans. (7:00)
• The tools for planning cash flow. (15:55)
• What can drive a business to have more than one of these loans. (18:45)
• The alternatives to merchant-based loans. (23:25)
• Why you should avoid Parafin loans. (29:30)
• Other options to consider for financing. (30:10)
• How Bill helps entrepreneurs through consulting. (36:45)
• Lightning round with Bill. (38:50)

Subscribe: iTunes | Stitcher | Amazon

(With your host Andrew Youderian of eCommerceFuel.com and Bill D’Alessandro of ElementsBrands.com)

What Was Mentioned

• Bill D’Alessandro: Website | Twitter | LinkedIn
• Optimize Your Financial Stack
• Consulting
• Elements Brands
• Cogsy
• Fulfil.io
• One Click Upsell – Increase Sales 15%+ with Pre-and Post-purchase Upsells. (On average, Shopify users increase sales 15% immediately after installing the app!)

Image by InspiredImages from Pixabay.

Post by Andrew Youderian

Andrew is the founder of eCommerceFuel and has been building eCommerce businesses ever since gleefully leaving the corporate world in 2008.  Join him and 1,000+ vetted 7- and 8-figure store owners inside the eCommerceFuel Community.