Merchant Cash Advance for Small Business Utica NY

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

Creative Edge Consulting
(212) 859-5018
67 Wall St
New York, NY
Ciccarone MA & Associates Llc
(212) 528-1533
225 Broadway
New York, NY
Com Design Systems Corp
(516) 433-4767
58 Bethpage Rd
Hicksville, NY
Strategy Resources Inc
(212) 465-9585
45 W 34th St Rm 711A
New York, NY
Rebcon Int
(646) 486-2959
101 5th Ave
New York, NY
Flex-Med Marketing & Management
(718) 224-8350
1749 215th St
Bayside, NY
Blue Medium Inc
(212) 675-1800
20 W 22nd St
New York, NY
Eisc
(718) 445-0332
3901 Main St
Flushing, NY
Jils Consultants Inc
(516) 466-2535
18 Stonehenge Rd
Great Neck, NY
Empsight International
(212) 213-9002
2 Park Ave Rm 1400
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  • Purchasing new machinery or replacing outdated equipment.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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