Merchant Cash Advance for Small Business Troy NY

Many small businesses have one thing in common; they need working capital in order to grow in Troy. 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

Educational Resource Systems Inc
(516) 484-8181
125 Mineola Ave Ste 301
Roslyn Heights, NY
Bottom Line Training & Consulting Inc
(212) 262-2674
250 W 57th St
New York, NY
Executive Sounding Board Associates Inc
(212) 944-0753
1440 Broadway
New York, NY
McNamee Consulting Company the
(212) 897-3100
475 5th Ave
New York, NY
Spectrum Insurance Brokerage Svces Inc
(212) 925-8511
511 Canal St
New York, NY
Summit Team the Llc
(315) 673-1323
16 Main St
Marcellus, NY
Serrano Maria Consultant
(718) 931-1137
679 Morris Park Ave
Bronx, NY
Target Consultants International Ltd
(516) 541-8092
100 Whitewood Dr
Massapequa Park, NY
Swain Consultants Group
(212) 829-5583
885 3rd Ave
New York, NY
Andrea Goodnoff Consultant
(212) 802-5500
244 5th Ave Fl 2
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  • Purchasing new machinery or replacing outdated equipment.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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