If you have a small business and
need extra financial assistance but are unable to obtain money from a
traditional source then a business cash advance is a prime option. A business
cash advance provides businesses with the capital they require to continue
functioning and developing. The main differences between such a loan and a
normal program is that they're unsecured, don't need any collateral and require
no personal guarantee.
Business Cash Advance Program
If you own a small or middle sized
company it can be difficult to obtain a loan. However, in order to keep such a
venture afloat and expanding, working finance is important. This is why a business
cash advance is a good option when looking for a small business loan. It offers
the money you need where other loan won't. This is primarily because such a
loan concentrates on your business' strengths as opposed to your credit. All
you require to apply for a business cash advance is:
* a bank account for your business;
* an income of at least $5000 a month;
* and no bankruptcy still at large.
* an income of at least $5000 a month;
* and no bankruptcy still at large.
There are a number of benefits in
opting for a business cash advance:
* A major advantage of this business
loan is that it's available to high risk companies. These include jewelry,
furniture and gas for example.
* There's no minimum credit limit to apply for it.
* For particular businesses, you can advance as much as 200% of your credit card sales.
* If you tend to work with cash and checks as opposed to credit cards you can advance up to 50% of all your bank deposits.
* There's no lease requirements therefore you can opt for a month per month lease if that suits you better.
* No landlord reference is required.
* There's no minimum credit limit to apply for it.
* For particular businesses, you can advance as much as 200% of your credit card sales.
* If you tend to work with cash and checks as opposed to credit cards you can advance up to 50% of all your bank deposits.
* There's no lease requirements therefore you can opt for a month per month lease if that suits you better.
* No landlord reference is required.
Electronic Payment Processing -
Merchant Capital
Electronic payment is a prime
payment solution. Not only is it efficient and easy but gives your customers
another payment option thereby expanding your clientele and improving your
place on the market.
There are a number of benefits to
using this form of processing:
* Credit cards open up the number of
payment options available to your customers. Therefore, by including credit
cards you improve your level of customer service.
* Another advantage of increasing
the number of payment options you provide is that you can also increase your
sales. This is because credit cards not only improve your overall revenue but
allow individuals to spend more on a single purchase.
* Electronic funds transfer faster
which means that you're able to receive your money quicker.
* The amount of actual money you
keep in your store is reduced.
* There's less risk associated with
electronic payments. A problem with checks is that they can be returned NSF,
however, this doesn't occur with credit card payments.
* It's easier to keep a record of
electronic payments so you can save time and effort.
* Because it's easier for your
customers, you can keep ahead of the market.
A business cash advance provides
finance for businesses who can't obtain capital using traditional routes. You
can acquire a loan without the need of providing your previous credit history.
If you own a small business or one
which is high risk it can be difficult to obtain credit. However, with a
business cash advance you can get the financial security you need.
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