Fast & Flexible Business Capital in Wheatland,California 95692

Business Owners Prefer Alternative Methods of Business Funding (Like the Credit Card Advance)

According to Forbes, “Banking is Broken.” In an article titled “Unbreaking the Banks,” writer Liz Moyer details the plight of today’s banks that are seeing an increase in loan losses. Moyer continues, quoting JP Morgan Chase, chief executive, Jamie Dimon; “Loan demand is dropping dramatically…credit losses are mounting.”

When the banks began tightening their lending standards, small business owners who needed cash were forced to look into alternative ways of getting business funds, many of whom would’ve never decided to utilize these sources. This unfortunate phenomenon has helped small business owners realize that they have other options; that the bank isn’t the only way to go.

After trying these nontraditional methods of business financing, small business owners have discovered that there are actually many benefits to utilizing them. For example, faster cash, fewer requirements, easier renewals and hassle-free paybacks.

 

Fast Cash

A Merchant Cash Advance can be funded into a borrower’s account in as little as 1 business day after approval. And a merchant can be approved in as little as 3 hours. In a society of instant gratification, this feature is very alluring to small business owners.

Few Requirements

There are only a few main requirements for credit card advance eligibility. One; a merchant must have owned his/her business for at least four months. Two; the business must process a minimum of $10,000 in monthly credit card sales. Three; the business owner must typically have a credit score of 500 or higher (which is far from excellent).

Easy Renewals

Being able to renew an advance is convenient for many business owners. Let’s say, for instance, you want to redecorate your business. You are approved for a $20,000 cash advance, but you need a total of $30,000 to finance your project. You can accept the $20,000, and in about three to four months, when your advance is 60 percent repaid, you can renew your funds and have the additional $10,000 wired into your account within 24 hours.

Simple Repayment

Repayments are made when customers make purchases using their credit cards. Payments are automatic and go with the flow of business.

When a merchant receives a credit card advance, a small percentage of his business’s daily credit card sales is deducted and put toward repayment. There is no fixed time in which the advance must be repaid and there are no penalties for repaying a credit card advance sooner or later than expected.

With Small Business funding you can fuel the growth of your business without any hassles. To get Get Pre-Qualified for $10,000 – $1,000,000 in just 5 Minutes go to http://dacapitalusa.com Today!

Source

Merchant Cash Advance
Small Business Capital

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