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What Is  A Cash Advance For Small Business & How You Can Benefit

Cash advance for small business - was created out of need. Being that business owners were being turned down by banks for loans, a new industry was created.

Some businesses that were being turned down by banks, had a hidden asset that banks did not consider as an asset and would not loan money against it.

If you have a credit card machine are processing credit card transactions, this is your hidden asset that banks will lend money to you against. Do you know that it is now considered an asset by certain finance companies, and that you can probably qualify for a business cash advance up to $150k and up to 5 locations, if you are processing a certain amount of credit card transactions on a monthly basis.

So a new industry was created, credit card receivable funding companies, would now provide a business cash advance against a merchant account future credit card receivables and purchase a pre-determined amount of Visa/MasterCard sales receipts. Business Cash Advances (also known as “account receivables factoring” in the banking industry) have been around for a while, but it was not until just a few years ago that merchants could take advantage of this type of funding.

A business cash advance can be a great way for a company to get the funding it needs and pay the lender in a timely manner. Since the payments come directly from your credit card merchant account through a percentage of each credit card transaction your business makes, the amount due on the loan can be quickly and easily paid back.

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How Do You Qualify:

• Your business must accept credit cards as a form of payment
• Your business must process at least $2,500 / month in Visa/MC sales
• Personal or business credit is usually not a major factor
• Have you been in business at least 6-12 months
• Do you have at least a 1-year lease on your location
• Can you show the previous 4 months of credit card processing and bank statements
• Are you free of open judgments, bankruptcies and large open tax liens

What This  Cash Advance For Small Business Is Not

It is not a loan. It is an advance against Visa and MasterCard merchant account, credit card sales receipts. It is re-payed through the merchant account itself. If used correctly can be a very powerful alternative funding source when you need money very quick and easy to get.

If you do not already have a merchant account, you are locking yourself out of another source of money available, when the need for money arises. I can also help you setting you up with a merchant account, apply now online merchant account.

Quick & Easy access to working capital financing is now available to all types of businesses including restaurants, retailers, etccc It is a much easier and faster working capital solution than a traditional small business loan. The merchant cash advance for small business product allows your business to avoid having to go through the hassles of a traditional bank loan.

The business cash advance for small business application process is simple and can typically provide funding in 7-14 days or less. They have a different more relaxed underwriting criteria than banks, so approval rates for qualified applicants are as high as 90%.

12 Ways How Can You Use This Option

• Catch up on bills and taxes
• Manage seasonality
• Buy out existing restaurant partner
• Buy equipment & upgrade
• Expansion
• Renovation
• Restaurant marketing - advertising
• Buy inventory
• Pay payroll
• Make repairs
• Open new location
• Avoid taking on a new partner

Who Is This Product Designed For

• Business owners that need working capital quickly
• Do not want to spend time filling out complicated applications
• Likes financing that is in line with their business revenue stream
• Run and manage a profitable business, but have been unable to obtain traditional financing

What Advantages Does This Cash Advance For Small Business Provide To You

• High approval rates
• Funding in 10-14 days
• No fixed payment amount
• Automatic collection
• No monthly checks to write
• No application fee
• No personal collateral required

Still confused and have questions about this cash advance for small business financing option, click below on the apply now link to have some one contact you right away or just call now my 24hr voice mail system 718-512-8587.

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