Credit Card Advance – Does Your Business Qualify?
As America’s financial crises deepens and business’s are finding it more and more difficult to borrow money from the same financial institutions that are taking our money; it is the small business who suffers most. Many small businesses rely on their ability to take short term loans to keep their business running. Without this working capital; businesses are being forced to close their doors in record numbers. Many businesses are just now discovering an alternative to business loans called a credit card advance or merchant cash advance). A credit card advance for your business can be just what you need to get through these tough times. What is a credit card advance? It is a much like a loan in that you are given a large sum of money that you are expected to pay back within a certain amount of time. What sets a credit card advance apart from a business loan is that it is much easier to get, it does not require collateral and your credit is not the main determining factor for being approved. A merchant cash advance provider looks more at your businesses sales history than at your credit history. They advance you money based upon the amount of your businesses average credit card sales volume. Does my business qualify for a credit card advance? 1. 2. 3. 4. 5. 6. Here is a list of requirements needed for your business to get a merchant cash advance; Your business must accept Visa and MasterCard as a form of payment. Your business must process at least $2,500 a month is credit card sales. You must be in business for at least 4 months. Your business must be current on its lease or mortgage payments. Your business cannot have pending bankruptcies or tax liens.
If your business meets these qualification; chances are, you are probably eligible to receive a merchant cash advance. If you’re not sure; it is in your best interest to speak with a cash advance provider. Whether you qualify or not, you’ve got nothing to lose and so much to gain. For more information about a credit card advance, go to http://creditcardadvance.org