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Obtaining
a Business Cash Advance
In order to obtain a unsecured merchant cash
advance your business will need to
accept credit cards as a mode of
payment. The business applicant will
also need to process a minimum of $5,000
in credit card sales per month, and the
business will need to have been running
for at least 1 year. Seasonal businesses
must provide 12 months of sales records;
3 months for non-seasonal businesses.
Provided these easy conditions are met
business owners can get money in as
little as 10 days. There are no fixed
payments, no upfront costs and no
closing costs. Funding services will be
made available throughout the life of
the business to ensure it receives the
funding it needs to grow and excel at
every stage until the business is
thriving profitably on its own and
beyond.
Repayment
of a Business Cash Advance
Business cash advances are repaid
through credit card sales as they are
processed through your merchant account.
Other payments received through AMEX,
Discover, cash,
check or other means are not used for
repayment. There are no fixed payment
schedules, and no due dates the cash
advance gets repaid automatically!
Working together with our merchant
account system we will automatically
deduct a small percentage of your
monthly credit card sales - No late
fees, no stamps, no hassles! We know the
best method to reduce risk is to give
your business what it needs, and then
stay out of the way. This allows you to
focus on what you do best - your
business – and eventually the debt
disappears.
Business
Cash Advance helping your business grow,
when the banks say No we say Yes
The approval rate for a business cash
advance is almost 10 times higher than
the approval rate for a traditional bank
loan. This is due to the many barriers
and the lengthy application process
banks foster upon the applicant. We do
not require your business to disclose
all of its assets as with a traditional
small business loan application. (Asset:
Anything having commercial or exchange
value that is owned by a business,
institution or individual. A businesses
assets might include its real estate,
equipment, inventory, intellectual
assets such as copyrights or trademarks,
and accounts).
With
a traditional small business loan the
lender may define a variety of events
that will constitute a default on the
loan, including failure to make any
payment on time, bankruptcy, insolvency
and breaches of any obligations in the
loan documents. The common business bank
loan will also likely insist on a clause
that says in the event of any failure to
pay on the loan, the borrower will
reimburse the lender's fees and costs in
enforcing or collecting on the loan.
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