Reasons for Merchant Cash Advances
A merchant cash advance is a short term loan that is unsecured and designed for a small to medium size business. In today's economy it has become difficult if near impossible to get a small business loan. A bank or any type of traditional lender wants to see not only perfect credit, but also collateral for a loan.
Many lenders are worried about loaning money to a sinking ship as many small businesses are trying to get funds to simply stay afloat. To try and ride out the storm of today's recession. But the recession may last for many more years and banks are being very careful with their money.Merchant cash advances help businesses access cash when they need it most.
A merchant cash advance is the type of loan that is unsecured by assets, and furthermore, they don't care about your credit rating. They only look at your sales done with credit cards. The money is loaned and then paid back as a percentage of your credit card processing. If your sales with payments made by credit cards is of sufficient volume, a merchant can get the cash in advance.
Merchant Cash Advance Funding by Merchant Cash in Advance inquires at 877-898-7303.
Posted on: June 30, 2011 04:37 AM
The main reason as to why a business needs merchant cash advance is because it has the ability to help in providing financial assistance to the business.Its never easy for any business to operate successfully without external financial help yet it has become increasingly hard for businesses to obtain the funds from banks and other financial institutions.
Posted by: Mercy | July 21, 2011 09:27 AM
Merchant cash advance makes it possible for the small scale business owners to take loans so as to cross financial hurdles despite the fact that the businesses might not have any collateral or security that is needed for any loan from banks.This is a very good thing considering the current economic recession.
Posted by: Gerald | July 20, 2011 04:45 AM
The current economic recession and the levels of unemployment have made venturing in to business the only option.Many small scale businesses do not have any thing to offer as security or collateral while taking loans from bank.This does not mean that the businesses do not have the ability to repay the loans advanced to the,they do.This has made it impossible for most businesses to get loans from the banks since banks do insist on security and collateral. Merchant cash advance have on the other hand offered the small businesses a platform on which to obtain loans without any collateral.This will in-turn boost the small businesses to greater heights
Posted by: Tom | July 19, 2011 04:46 AM
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