Merchant Cash Advance for Small Business Selden NY

Many small businesses have one thing in common; they need working capital in order to grow in Selden. The problem that many small businesses are facing is that they are struggling just to get by, let alone make enough money to invest into itself in any meaningful way.

Local Companies

Brownstone Advisors Llc
(212) 838-2471
520 Madison Ave
New York, NY
Camp Venture
(845) 268-7564
281 Maple Rd
Valley Cottage, NY
I C J Consultants
(914) 421-2900
199 Main St
White Plains, NY
Discovery Consulting Group
(212) 245-1213
333 W 52nd St Ste 1008
New York, NY
Rogers Consulting
(607) 843-8777

Oxford, NY
P N T Construction Consultants Inc
(212) 581-7850
135 W 52nd St
New York, NY
Seven Eleven Ventures
(516) 228-8009
47 Roselle St
Mineola, NY
Scott G Hillowe Benefit Consulting
(516) 781-3002
1400 Wantagh Ave
Wantagh, NY
Apportum Consulting
(212) 697-7163
90 Park Ave
New York, NY
Doskow Associates
(212) 754-6161
515 Madison Ave
New York, NY

Provided By:

Author: Chris Ronk

Many small businesses have one thing in common; they need working capital in order to grow. The problem that many small businesses are facing is that they are struggling just to get by, let alone make enough money to invest into itself in any meaningful way.

When I say meaningful way; I am referring to;

  • Opening a new location or expanding your existing location.
  • Purchasing new machinery or replacing outdated equipment.
  • Hiring and training new staff.
  • Substantially expanding your marketing efforts.

Each business is unique. I'm sure you could think of ways to invest that is more suited to your business.

So the question is; how do we go about getting this money? The first thing most businesses do is approach a bank or other financial lending institution. That would be my first choice too if possible. The advantages are a relatively low interest rate and plenty of time to pay it back.

The problem with bank loans is that they are difficult to get, and require several weeks to process.

You might also consider getting a business loan alternative called Merchant Cash Advance. What makes this type of funding unique is that most providers do not require good credit or collateral, and they take only days to process instead of weeks. Even if you've been turned down by a bank; it's a good chance that you will qualify for a merchant cash advance.

Who qualifies for a merchant loan?

It is very easy for most businesses to qualify. All you need to qualify is;

  • You need to own the business for at least 6 months.
  • You need to accept Visa and MasterCard
  • You need to process at least $2,500 each month in credit card sales.

How does a merchant cash advance work?

The process is simple;

  • They purchase a portion of your future-unprocessed credit card sales at a discounted rate.
  • They set up your credit card processor to automatically deduct a small percentage of your daily credit card sales.
  • You continue doing business as usual while your cash advance is automatically being paid back in about 6 to 9 months.

What are the advantages?

There are many advantages to a merchant cash advance, such as;

  • Quick funding; usually within 7 days or less
  • High Approval rate (up to 90%)
  • Does not require collateral
  • Instant renewals
  • No application fees
  • Flexible payback schedule
  • No restrictions on how you use your funds
  • No UCC1 filing

Use the following link to see if a merchant cash advance is right for your business.

About the Author:

Chris R. writes articles about business loans and merchant cash advances for http://easymerchantcashadvance.com

Article Source: http://www.articlesbase.com/loans-articles/merchant-cash-advance-an-easy-way-for-small-business-to-get-working-capital-942695.html

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