Business Cash Advance - Where to Get Capital in this Business Climate
In the economic climate in which we find ourselves today, it is hard enough to come up with start up funds for a new venture
When you open a merchant account you may find that your provider offers not just credit card processing. Many such providers offer a full range of business services from online marketing to financing. Those that offer financing do so through factoring agreements. Factoring is an arrangement made between the business and the merchant account firm where the business effectively sells a percentage of its anticipated future credit card sales at a discount for cash now.
This common business practice is seeing an increase in use as banks impose greater restrictions on small business loans. Factoring agreements aren't technically loans, which means that your credit report, collateral and other aspects the bank might evaluate don't even come into play. As long as you can show that your business takes in a certain amount of money through credit card sales monthly, you will be able to receive some financing, a very encouraging piece of news for new business owners with little history to back them up.
If your merchant account provider doesn't offer factoring agreements you can find many vendors online that do. Evaluate their proposal carefully and make sure they follow "best practices" standards. You should know up front how much you will need to pay back as a daily capture rate, whether there are any fees associated with the application and much more. Once you find an agreement that meets your needs, you can receive your business cash advance in a few days.
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Business Cash Advance - At Merchant Cash Finder we know that comparing different quotes is the best way to shop for a Merchant Cash Advance. We take pride in helping business owners get the funds they need while making sure they receive the best deal!
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