subject: Applications For A Merchant Cash Advance Increase [print this page] Even with the latest small business incentives provided by the stimulus package, CEO's are finding that they need to get in touch with a merchant cash advance professional to satisfy their fiscal needs. Ample backing for new ventures, expansion of existing locations, and other growth activities are even more difficult to come by, the exception looks to be merchant cash advances made by cash advance brokers.
Can your business qualify?
The qualification process is very quick and the funds are available soon after. The rapidity in which you can receive working capital is much faster than that of a conventional business loan. After reviewing the advantages of this program, you will surely appreciate why a savvy corporation would consider an advance for their financial needs. It is a great resource for funding considering it provides competitive factor rates for low credit and flexible remittance terms. These are 2 of the several reasons which make an advance a great option. Not to mention the possible positive impact on a business's credit rating. These reasons encourage business owners to receive funds through a merchant cash advance.
Reasons you should apply
Possibly one of the main advantages of entering into a factoring agreement with your business cash advance funder is knowing that your compensation terms will always be convenient. When you enter such an agreement, payback sums aren't set as a specific amount, rather, they are directly correlated to your future credit card income as a percentage of your transactions. That percentage never switches. In sluggish times you pay back less, in good times, you pay more, but no matter what, the percentage remains the same.
One more benefit is that both the application procedure and the pay-out are quick. You will have an answer in about a day and your capital wired to you in about 1 week. No bank ever moves that quick.
Past bailout programs are not sufficient
Even with the most recent round of business incentives to enhance hiring, the National Small Business Association reports that its members state that credit is more and more complex to obtain through financial institutions. That makes it difficult to finance your business, branch out, or grow, thereby reducing hiring opportunities. The small increase in shopper spending indicate a potential improvement in the marketplace, but it isn't expected to make essential bank capital obtainable to small business owners any time soon. As a result, added business owners are moving toward business cash advance professionals to fund their business expenses.
by: Rodney Rabah
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