Why
is it a cash advance and not a loan?
Banks
make loans and their processes are regulated
by the government. Merchant Cash
Advances are a financial
service that offers businesses cash
for working capital. Example:
Pros
& Cons Chart
The
process is based upon
a traditional financial technique known as
factoring, which focuses on business
receivables. What makes our Business Cash
Advance so unique is that our emphasis is on
your future credit card transaction
receivables.
Because
there is no set repayment schedule or fixed
payment then you only pay a percentage of your
actual sales, so if sales are down your
payment goes down.
And the entire process is handled electronically
and is coordinated with your credit card
transactions, your advance is repaid with no
major impact upon your business.
Plus, you
have cash in your hands within 5-10 days after
approval affording you the opportunity to make
immediate purchases or enhancements that will
result in business and profit increases.
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