subject: Business Cash Advances Provide Needed Cash Flow [print this page] As the owner of a distinctive business, you have no doubt realized that there are periods when you require a bit of unexpected cash. Typically business loans are chiefly difficult because of the limited sources of capital available in the market. With the ongoing credit crunch conventional banks have yet to open the vault. Although the statistics actually show that the economy is picking up, it can still be incredibly difficult to get a bank loan when you must purchase necessary equipment or expand your establishment.
Capital is Obtainable
You will be relieved to hear that money is surely available, if you know where to look. Banks may advance you funds, at their prudence, but your business cash advance specialist is apt to be a better and more handy source for your capital needs.
Business Cash Advance specialists are able to obtain a business cash advance based on your sales from the credit card device sitting on your checkout counter. Since they have seen the kind of business you do each month, they know exactly how much you can afford to pay and how long it will take you to repay the money.
These arrangements involving you and your finance company are titles a factoring agreement. You essentially sell, at a discount, anticipated credit card income to the controller in exchange for mandatory capital handed out today.
The Process is Easy
A fast application, often manageable online, is all it takes to get the ball rolling on your merchant cash advance. As long as you have a reasonable credit history, an established record of credit card transactions, and a signed lease, your odds of receiving the money you request are incredibly good. The advance is reimbursed over the next several to a year as a piece of your credit card take.
When getting working capital is important and you require an answer fast, a credit card factoring agreement may just be the best thing available.
by: Rodney Rabah
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