Learn all about merchant processing and the fees your business pays.
Banks are big financial institutions that are ready to offer their sincere financial help to businesses. Reality check- ‘big’ businesses! If you are small business owner looking for some capital to invest in your business’ future growth, how many times have you been rejected for bank loans?
Most banks won’t approve the of lending money to small businesses. It seems like there is no chance for small businesses to get their hands on a little working capital when they need it. Apparently, there is a savior- the Merchant Cash Advance. With a merchant cash advance, small business merchants can borrow money against their anticipated credit card sales in the future. That generally requires no collateral, credit checks, personal guarantees, or equity, plus, no upfront cost or hidden charges.
As the rate of disapproval from banks is growing, more and more businesses are opting to borrowing against their credit card receivables. Now, many will say that there are many glitches in such offers, but it greatly depends on the service you are using. In most trustworthy legitimate Merchant Cash Advance services, only a fixed percentage is deducted from your credit card receivables. Repayment is automatic and in accordance to your business revenue flow. There is usually no tiring procedure to go through or strict qualification standards to meet.
Due to their high approval rate and hassle free terms and procedures, Merchant Cash Advances are now becoming a highly preferable method of lending capital. A small business with a steady stream of credit card sales can get from 2500 to 100,000 dollars to use for whatever their needs may be. Can you imagine the possibilities and opportunities your business could endevor upon with this capital?
One of the most recognized merchant cash advance providers is AdvanceMe, Inc. AdvanceMe offers cash advance to small businesses in four simple steps.
Most business simply renew their agreement so they have a continous line of revolving business credit. So, is there still any glitch you find here? Apparently, there isn’t. In fact, what you get from merchant cash advance is a substantial amount of capital that can help you in expanding your business further. Not only is the application is easy, you also won’t have to worry about paying it back as a lump sum amount.