Where To Obtain An Unsecured Merchant Cash Advance
Does your business need a fast injection of cash
? Is speed necessary? Receiving a merchant cash advance can be challenging for new companies that have not had the ability to establish themselves financially. Even if your establishment has been running successfully and is illustrating an increase in profits each month, a conventional bank is not likely to take a chance on your company.While the data show that new businesses are no more likely to go under than other businesses at the five year mark, the mental perception is that they are much less stable. That translates into unnecessary challenges when looking to qualify for money, especially when you don't have weeks to wait. If you have plenty of time, it could be worth trying a local bank, but otherwise, consider turning to merchant cash advances professionals.
Access to merchant cash advances is one of the many programs a merchant cash advance company offers. As long as you have been in business for longer than 2 months and have a history of credit card transactions, you can work out a factoring contract with the company. This arrangement entails you selling a small portion of your projected credit card revenues, for a discount, to the company in exchange for wanted cash in your hand today.
So, what can you do with your advance? That is another beauty of obtaining needed funds this way. You can do whatever you deem is most important to your company at that moment. Even if you were thinking you wanted to invest in a certain item when you submitted your application, a different need may have appeared since.
With a bank loan, you have to use the money for the purpose you stated on the application. With a business cash advance provided by a working capital professional, the decision is yours.
With a fast turn time, flexible payment terms, and the freedom to use the cash to their greatest advantage, it sounds like a merchant cash advance is the way to move forward.
by: Rodney Rabah. Business Day Hosted By Terry Bradshaw Business Coaching Training Programs Manifesting Wealth Means Knowing Much More Than A Few Business Strategies A Free Online Business Is Not Necessarily "Free" Social Commerce Tools Quick Start Guide For Small Business How Your Business Can Benefit From T1 Speed Creative Led Displays For Business Why Motions are used in the Ontario Small Claims Court? Why It's Important To Have Good Credit When Applying for A Business Credit Card The Real Benefits Of Using Cash Back Credit Cards How To Make Your Business Letterheads Shine In A Subtle Way How To Promote Your Business On Facebook For Free Wooden Side Tables Are Great For Small Spaces