Home | Business | Small Business

Business Working Capital Get Cash When You Need It

By: Tom Mack

Read More About Small Business

Business Working Capital - Get Cash When You Need It

If your business accepts credit cards, getting cash for your business can be fast and simple. You could receive up to $150,000 per location in less than 14 business days—sometimes in as little as 72 hours.

A Super Easy Credit Merchant Cash Advance powered by AdvanceMe eliminates many hassles and delays common with traditional financing. It builds on the strength of your business’s existing and future credit and debit card sales, so a damaged personal credit history is not an immediate disqualifier.

Find a flexible, responsive alternative to traditional financing. Our Merchant Cash Advance gives you options.

What it Is?

A Merchant Cash Advance is a funding product providing working capital to business owners. Merchants sell a specific amount of their business’ future credit and debit card receivables (at a discount) in exchange for cash they can use for whatever their businesses need.

Once approved, a lump sum of cash is deposited into the merchant’s business checking account. The collection process is automatically handled by the business’ credit card processor. As each day’s credit and debit card transactions are settled, a specific percentage is forwarded and applied to the remaining Merchant Cash Advance balance.

Because a set percentage of credit and debit card receipts are forwarded, your card-sales volume determines the amount of each payment. No inflexible monthly payment amounts, and no possibility of missed or late payments and their associated penalties.

Our Merchant Cash Advance is a proven, trusted way for you to get quick money for your business needs. You decide how to spend the money, whether it is for renovation, marketing/advertising, taxes or payroll, handling the costs of emergencies, or growth strategies.

There is low documentation, and no personal collateral is required. There are no application fees and no hidden charges. Because it aligns so well with the way they operate, 3 out of 4 qualified customers will return for multiple advances to help stabilize and grow their businesses.

How it Works

From start to finish, the entire process of a Merchant Cash Advance is just 4 easy steps:

1. Applying. You submit a quick application form. A Creative Loan Source customer service representative contacts you directly to complete the qualification process. Verification includes a number of simple facts about your business and its operations.

2. Transacting. Upon qualification, you will agree to allow a specific percentage of your business’ future card sales to be forwarded as they are settled. In exchange, you will receive a lump sum of working capital into your business’ checking account and you decide how to spend the money on your business.

3. Forwarding. As each day’s card sales are settled, a specific percentage is automatically forwarded by the business’ credit card processor. This percentage is fixed, so each dollar amount forwarded reflects your daily credit and debit card sales volume (see image below for payment forwarding detail).

4. Completing. Forwarding stops automatically when the total amount of card sales your business sold has been forwarded—usually in less than 12 months (depending on card sales volume).

How do I qualify for funding?
Ideally, you will have owned and operated your business location for 12 months or more. Your business needs to have predictable card sales activity, and be able to provide from 4 to 12 months of processing statements. Adult entertainment and sexually oriented businesses are ineligible. We make sure you have no outstanding bankruptcies or large tax liens, and we do not currently help businesses that are 100% Internet-based (no physical location).

Article Source: http://depositarticles.com/

 

 

Tom Mack simplifies business credit.

Find out more about a business cash advance and get Tom's popular FREE Special Report "Top Ten Credit Offers Any Business Qualifies For" available at: => SuperEasyCredit

Please Rate this Article

 

Not yet Rated

Click the XML Icon Above to Receive Small Business Articles Via RSS!
Additional Articles From - Home | Business | Small Business
Sign Up for a free account.
Our other websites
All about SEO
Beauty Tips Forum
Submit Articles
Member Login
Link Us
Submission Guidelines
Ezine Notifications
Article RSS Feeds
Sitemap
New Stuff
About Us
Developer
Good shopping portal
Link to Us
Contact Us
Privacy Policy
Terms of Service

counter easy hit

Powered by Article Dashboard