subject: Business Loans In A Rough Market [print this page] Business Loan outlets have been few and far between since the economic downfall began, and starting funds is nowhere to be found. Even if you have had a great ability to make sales, profits and just need a little extra financing to grow your business, the present financial uncertainty has made conventional banks and investors skittish. Despite having obtained trillions of dollars from the U.S. Treasury, the banking industry is still keeping a short leash on credit and working capital. So, you may ask "Where is my bailout?"
To our luck, there is still outlets with available financing for entrepreneurs that is available for storefronts that generate a consistent stream of credit card transactions. This source of financing does not come from investors that will forever keep a percentage of your profits, or from tightfisted lenders; it is a simple funds supply called the business cash advance.
Depending on factors such as the amount of time you have been operational, and the average volume of your credit card revenues, you may qualify for as much as one hundred thousand, or perhaps more under the right circumstances, without tying up your credit or even putting up collateral.
With a merchant cash advance transaction, the provider actually purchases a portion of your future Visa-MasterCard receipts from you at a at a lower rate; in return, you get a lump sum of working capital that you can use to your best judgment for expanding your business. The great thing is, if your business goes through a slow period, instead of stressing a fixed loan payment, the payments on your business cash advance slow down as well.
In addition, unlike investor working capital, once you have paid back the merchant cash advance you are finished, no strings attached. If you know that an receipt of working capital like this could help to grow your business by a large amount, you may be a good candidate for these method of business loans.
by: Daniel Samoohi.
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