| Do you need some quick funds to give your employees their Christmas bonus or to pay your taxes? A merchant cash advance may be the solution you have been looking for. It is a cash advance granted against the expectation of future credit card sales. So if you have a good credit business and need finance this could be the loan for you.
A Business Cash Advance can be used for operating expenses like tax payments, salaries of employees, rent or lease of premises and the like. There is no restriction on the end use.
How To Apply For A Merchant Cash Advance
Fill out and submit a simple online form giving your personal details. Other important information that you must provide are:
The duration you have been in business
Whether you have been accepting VISA, MasterCard and other such credit cards for at least 6 months
Your monthly credit card turnover
Whether your business is home-based
Features Of A Merchant Cash Advance
* It is a working capital loan.
* Bad credit history does not make a difference in future loan applications. But you must not have any unresolved bankruptcy in the past.
* Business loans up to $3 million are available; this is a function of your average monthly credit card sales.
* Approval for a merchant cash advance is generally communicated within a day and funds are credited within a week.
* While the performance of your business and your business resources are of import to lenders, your other personal assets are not considered.
* Repayment is done through deductions from your credit sales and can be completed within a year and even earlier, if you so desire.
* Since there are many lenders in the market, you can choose the best rate on offer.
Trade Seam is an online business network that connects you to prospective Merchant cash advance lenders such as Shavit Funding Inc. and North American Bancard. They also provide a business directory and independent business advice to help grow your business. Visit http://www.tradeseam.com/smallbusiness/business-resources/get-free-quotes/1169/Business+Cash+Advance for more information. |
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