Merchant Cash Advance
Business is looking for cash for working capital – look no further. There exists a unique solution for customers who need a quick infusion of cash. It’s called shopping credit card in advance.
The reality of the economic climate facing business owners today is that traditional lenders are tightening the requirements for obtaining working capital. 92% of all small business owners cannot get money from banks. Causes include time in business, lack of collateral and bad credit owner just to name a few.
According to latest statistics from Equifax, there are more than 18 million small businesses in the U.S. A very high percentage of those small business owners to dig into personal savings, taking out a loan, borrowing from family and friends and running up credit card bills as forms of financing. All these options require your business to take on additional debt.
Let’s explore a unique solution for business owners who need quick cash infusions. One of the least-known commercial financing strategies for successful businesses is potentially the best working capital management strategy for obtaining needed capital. Use of commercial credit card program in advance or by credit card debt financing.
For any business that accepts credit cards as a payment method, merchant cash advance is a critical tool of business financing that is often overlooked. Capital achievements are based solely on the predictability of future sales of credit cards. Merchant credit card in advance allows a business owner to get a large sum of cash now, without any additional debt. The reason is simple: you do not get credit. You are “selling an asset at a small discount, your future credit card sales.
Some of the key advantages of credit card receivables financing as compared to other forms of financing are: no long application process, 24 hour approvals, cash in 7-10 working days, no registration fees, no tax returns needed, no business plan should not Closing costs are not paid on time, no fixed time, no hassles. Typically, the merchant may receive from $ 5000 to $ 300,000 per location. The amount depends solely on your monthly VISA / MC sales volume.
You can use the money to buy out partners, expansion, advertising campaign, hiring personnel, payroll, emergencies, almost all related to your business.
Collection purchased credit card sales occurs automatically through the credit card processor, which sends a small finance company fixed in advance the percentage of each sale of credit cards. The seamless integration of processing and ease of obtaining working capital is a natural step and obvious benefit to businesses that cannot get traditional financing.
As you can see in merchant funding advance trade credit card could potentially be a better working capital management strategy for obtaining needed capital. This is an important instrument of financing business, which should not be overlooked.
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