Credit Card Advance
A credit card advance has helped thousands of small business owners across the United States get funded when the banks that we helped save with our tax dollars refused to help them in their time of need. If I sound a little upset about this, I apologize. I am approached every single day by struggling business owners who are worried that without funding, their business might fail too. These business owners are not wealthy. They are hard working business people that have bought into the American dream. They are supposed to be the “back-bone of our economy”. I digress. What I would like to talk about is an alternative the traditional bank loan called a credit card advance (or merchant cash advance). Unlike bank loans; they are fast, easy, and do not require collateral or good credit. Rather than using your credit history or personal assets as the basis to approve or decline your loan; a cash advance provider relies on your businesses sales records as the basis for the merchant loan. If you have a proven track record of credit card transactions; chances are that you will be eligible for a merchant cash advance. As a general rule, they will offer you 2.5 times the amount of your monthly Visa/MasterCard sales. As an example, if your business does $10 thousand in credit cards sales in an average month; you would be eligible for $25 thousand. There are many benefits to receiving a merchant loan. Not least of which is the simple fact that you can get funded even when the banks have turned you down. Some of the other benefits include; Get approved in 24 to 48 hours in most cases Get your money in about 7 days – sometimes less Good credit is not a requirement No collateral needed Easy application process No restrictions on how you spend your money No UCC-1 filing Flexible payback structure No fees for late payment
There will always be a need for banks, but isn’t it great to have an alternative. I don’t think that merchant loans will take the place of banks, but it is my desire that if their customers are given an alternative; they may start treating small business owners the way they deserve to be treated. If your business needs cash, you might want to check into this bank alternative for yourself. Use the following link for more information or to see if a credit card loan is right for your small business.
For more information about a credit card advance, go to http://creditcardadvance.org