Businesses Revolving to Merchant Cash Advances
New business owners who are in need of instant contact to cash for capital are in luck because there is a rising industry that desires to assist them. This is a fairly new player to the credit granting team which has only been around for ten years but has grown drastically to more than 50,000 providers for 2011.
Sturdy Credit Card Sales Leave Merchants With an Alternative to Business Loans:
These merchant cash advance providers offer a lump sum of cash to businesses in exchange for a share in future sales. The most targeted businesses are mainly retail, restaurant and service oriented businesses which usually have high volume of credit card sales but not so good credit. How much do these advances measure up to an interest on a loan or credit line is the question that business owners ask.
* Remember, receiving Merchant Cash in Advance is NOT a loan. Collateral is not a requirement. MerchantCashinAdvance anticipated a 95% approval rate for new merchants looking to acquire merchant cash advances.
According to Leonard C. Wright, an accountant for San Diego and a correspondent for the American Institute of CPAs, the interest rates can range from 60% to 200% APR. Wright suggests businesses to not have any other option besides a merchant cash advance but to also completely understand what the costs are. Merchant cash advance providers are fighting the allegation and continue to prove that they are not loans but instead the deal they receive from the merchant cash advance is a purchase of earnings that they will acquire in the near future.
Captivating enough, merchant cash advances are not obligated by law that otherwise regulates lenders and place caps on interest rates. Instead merchant cash advances do not entail a fixed payment but accumulates a customary percentage out of the merchant's credit card sales which can continue on until the advance and premium is paid back in less than 12 months. Business owners say that the advantage is that the merchant cash advance payment is dependent on their cash flow.
We at MerchantCashinAdvance.com charge zero percent interest on every merchant cash advance services.
"They can pay less when business is slow in certain months."
Merchant Cash Advances do not have a scheduled due date or monthly payment but most importantly companies have opted to merchant cash advances because they do not reflect on the applicant's credit whereas a loan has a set date to pay. "In a merchant cash advance, there is no schedule of fixed payments and there is no due date" says a representative of MerchantCashinAdvance.com, the pioneer in the merchant cash advance industry.
Find Merchant Cash Advance Financing by calling 877-898-7303.
Posted on: July 14, 2011 02:11 AM
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Posted by: Pauline Payne | September 10, 2011 06:54 PM
The relationship between merchant cash advance and the merchants is that on "need" and "delivery".This is in the sense that merchants need cash in a timely manner and without having to provide collateral or security.This aids the merchants to utilize the funds in the best possible way.Merchant cash advance has set a platform and delivered these services to the merchants.
Posted by: Meshack | July 21, 2011 04:54 AM
Businesses that are currently starting off need allot of money both as capital and security.There are allot of financial needs that do sprout up as a business grows.Some of them are always so urgent and need speedy solutions.Merchant cash advance has made it possible for businesses to get the funds to cater for such needs that were never anticipated for.
Posted by: Hilda | July 20, 2011 06:03 AM
Most small scale business need financial help so as to stabilize and grow there businesses to the next level.They also need the freedom and space to pay the loans in a flexible and conducive manner so as to also benefit from the loan rendered to them. It is amazing that merchant cash advance has made this possible by advancing loans to businesses without asking for collateral and allowing them to pay as the businesses themselves earn.
Posted by: Lilian | July 19, 2011 05:58 AM
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