Business Cash Advance dot Info

Advantage Business Cash Advance – No Need to Pledge Collateral

Business Cash Advance — Sun, 26 Feb 2012 02:36:03 +0000

Are you worried that the global credit crisis will leave your business with insufficient funds? Is a poor credit history preventing you from securing funds for your business? Is the risk of putting your personal finances at stake, preventing you from applying for a bank loan? Would you be interested in a financing option that is not only fast and hassle-free but also demands no collateral? If yes, then business cash advance, also called merchant cash advance(MCA), is ideal for your business.

Pledging your Home or Vehicle as Collateral for a Business Loan

Although home equity loans offer you low interest rates, lengthy repayment schedules and tax deductible interest, they can be very risky for small businesses. If your business venture flops, your house can go with it.

Similarly, when you offer vehicles as collateral, you give your lender possession of your vehicle’s title. In case you fail to make your loan repayments and your loan defaults, lenders can take away your vehicle. Pledging collateral is an extremely risky option in these economically turbulent times and the one that is made unnecessary by an MCA.

How can Business Cash Advance Providers lend without Collateral?

Collateral has been used in lending since its inception. It protects lenders from a borrower’s unwillingness or inability to repay loans. How, then, can business cash advance providers do away with the need for collateral?

Two reasons explain how this type of financing can proceed unsecured, and without collateral. First, in the interconnected and informative world of today, it becomes very easy for merchant advance providers to isolate genuine borrowers and creditworthy businesses from the faulty ones. To evaluate your eligibility for merchant cash advance, lenders rely on your credit card sales, which can be easily obtained and verified. Second and more importantly, repayment is not an option for you after you sign the agreement. Since repayments are conducted through the credit card payment system, merchant advance providers do not need any collateral to protect them from default.

Despite certain monthly repayments, merchant advance providers do not charge you more than you can afford. As part of the agreement, you need to repay a fixed percentage of credit card sales every month. Thus, when your sales are slow, your payment amount will be smaller to prevent unnecessary burden on your business.

Matching Financing Solutions with Business Situations

While a home equity loan or small business loans may be more suitable in some situations, business cash advance funding is ideal when you are looking for low-risk, fast and hassle-free financing. The fall of the financial industry post recession and the need for zero collateral make it highly suitable for small and medium-sized businesses in today’s world. There is no point in relying on delayed, slow and risky banks loans when better options are available. Merchant cash advance is the latest development in commercial lending. Remember, no collateral is good when getting a loan and merchant advance fits that bill very well.

Daljeet Sidhu is at TradeSeam. Read our Business Cash Advance blog. Buy business cash advance leads.

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Evade Your Financial Blues With Business Cash Advance

Business Cash Advance — Sun, 19 Feb 2012 19:00:11 +0000

By Suzanne Macguire

Availing a business loan can turn out to be a Herculean task if your business is relatively new (less than 3 years). Besides, your credit record should be good enough to make lenders lend you a desired sum. However, a simpler way to finance your business would be availing the services of a business cash advance as it is approved in a shorter time without much hassle.

Funding a business via business cash advance assures the lender that he would get his repayment back unless an unexpected situation turns up and creates a change in the market condition. In fact, business cash advance is an excellent option for those who can neither provide collateral nor possess the essential prerequisites to get an unsecured business loan.

Getting approved for a business cash advance requires one essential criterion: your business must have credit card as its payment mode for its goods and services. This does not mean that credit card payment is the only method of payment but should chiefly account for a considerable sum of your organization’s income.

Both business cash advance and factoring share similarities except for the fact that for the former, the lending firm grants a loan for the business to be paid off by debit from the income made by the purchases via credit cards. Hence, purchases to be made in the future through credit cards act as security for the loan. The lenders, thus, are quite relaxed about getting all their money back since the credit card purchases are ample indication of their money being paid back. In case of a sudden fall in the number of purchases made, the lenders will lay their hands on any earnings made on the borrowers’ part to cover for the loan installments.

A comparison between business cash advance and traditional business loan clearly shows the former taking the upper hand. The fact that business cash advance does not require placing a collateral as security attracts a large number of borrowers. In case of business cash advance, your credit card sales act as security. Besides, the borrowers do not have to worry about the loan repayment procedures. Your cash sales are left untouched with only a percentage being withdrawn from your account. To top it all, business cash advance asks for no interest rates, security deposits, or personal liability. Hence, business cash advance becomes one of the most convenient modes of financing your business the convenient way.

Applying for a business cash advance is still easier. There are many lenders who provide these services online. The one piece of advice for borrowers is to go through all the terms and conditions, and other policies laid down by the lending organizations. Once you are through with these, the consequent procedures come through quickly. So shrug off every financial obstacle in no time with a business cash advance.

Suzanne Macguire is an Internet marketing professional with expertise in content development and technical writing in a variety of industries. Small Business Loans- Unsecured Small Business Loan

Article Source: http://EzineArticles.com/?expert=Suzanne_Macguire

Bank Loan or Unsecured Business Cash Advance

Business Cash Advance — Mon, 13 Feb 2012 16:11:08 +0000

By FJ Tapia

I think it’s very important that small business owners know the specific differences between getting “dream” funding from a bank or “realistic” funding from an unsecured business cash advance company. Your choice can end up deciding how successful your business will actually be. The comparisons:

Banks -

Traditionally, banks are more conservative with their investment dollars. Unlike many venture capitalists or angel investors, they are far more likely to approve a loan for an established business over a startup or emerging company. This is largely due to the fact that they are investing the money of their depositors.

Business Cash Advance Companies -

To the contrast, there are financial companies out there that do have the same deep pockets as these traditional banks. The difference is that these independent wealth powerhouses will give unsecured cash advances to businesses that they think have a great future and thus invest in their potential.

Banks -

Before approaching a bank, you should have all your key documents in order, starting with a solid business plan. You will also need to have the most recent financial statements available, projections for the business, and a repayment plan, plus collateral. Collateral may include:

- Hard goods such as equipment;

- Real estate;

- Stocks or bonds;

- Other personal assets;

- Personal guarantees.

Business Cash Advance Companies -

This will make 99 percent of smart and shrewd small business owners very happy. When you partner with a legitimate and legal business cash advance company, you will find out how painless doing business with them is.

There is no need for financial statements, no projections for the business, no repayment plan and best of all, no collateral is needed whether business or personal. Do you realize how important that last part is to a small business owner. No collateral needed?

Banks -

Banks also want to know that you’re making your own investment in the business. A bank is more likely to approve a loan if it sees that the owners are investing a good percentage of the necessary startup capital into the business.

Business Cash Advance Companies -

If you need an infusion of cash for your business, it probably holds true that most small business owners don’t have a healthy some of cash to invest in their business besides the loan they are looking to get. So, the old saying that it takes money to borrow money is obviously self-evident when dealing with traditional banks.

On the other hand, an unsecured cash advance comes with no strings attached such as you putting up your own cash funds to receive this advance in the first place. Let’s not forget that there will be application fees ranging from $250 to $500 with a bank… again there being no up-front application fees that are required when doing business with a cash advance company.

Banks -

Once someone said to maximize your chances of receiving an approval on a business loan from a bank, it’s wise to look at the situation from the standpoint of the lender.

How so you may ask? Well, a lender wants to know:

- Exactly how this business will operate and why it’s expected

to make money;

- Exactly how the money will be used;

- How you plan to repay the loan and over what time frame;

- That you’re willing to take a significant financial risk in the

business;

- That you’re responsible and can manage this business;

- Who else is involved in management or operations, and that

they will also be responsible for the proper use of the money

from the loan.

Business Cash Advance Companies -

Besides the fact that any small business owner who has borrowed money from a bank in the past knows the decision for approval and the dispersement of funds doesn’t happen overnight. It takes time. A long time in most instances.

With an unsecured cash advance business, you can expect an answer on your approval within 24 to 48 hours. And the good news is: Approximately 90 percent of small business owners are approved for the business cash advance whereas only 30 percent get an approval from a bank.

Best of all, you receive your funds within one week’s time. Plus, you can do whatever you see fit with the money whether it be buying new equipment, purchasing more inventory, buying a company vehicle or expanding your business into other markets.

The smaller the business, the more closely the person behind will be evaluated. Hence, you need to make sure you get all your financial records in order before approaching a bank or lender. You will also need a solid credit rating to make this work.

If waiting long periods of time for an approval, or laying your whole financial history and personal history bare doesn’t bother you, then a bank is for you.

However, if you want an alternative to bank funding that gets back to you within 24-48 hours for an approval and who direct deposits your funds up to $250,000 into your account within one week’s time and all this being painless, then what in the world are you waiting for.

And for further clarification, you keep your bank account and Visa and MC transactions the same. Your bank won’t notice the fact that you applied for advance funding except when they’re impressed by the deposit in your bank account.

Only you and you alone will know. It’s safe and secure. Above all, it’s the new way to fund your biz. Get your business cash advance now.

Funding for small business owners is getting harder to find. Although banks are needed, most make it impossible for this small business owner to get funds. We turn the tables by making these business cash advances easy to apply for and funding goes into your bank account within one week, safe and secure. Apply now! [http://www.unsecured-cash-advance.com]

Article Source: http://EzineArticles.com/?expert=FJ_Tapia

Business Cash Advance, Helping Small Business Owners Get to the “Next Level”

Business Cash Advance — Tue, 31 Jan 2012 15:16:57 +0000

By Brian Stroka

When all available means of financing have all but dried up there is one form of capital acquisition that has become readily available. It is offered to small business owners and comes in the form of a business cash advance. What makes it a viable option for many is that for the most part what determines the terms and conditions are previous sales history and not credit history or available collateral.

The application process is much easier than that of traditional financing. Most lending institutions simply require three to four months of both business bank statements and merchant account statements along with a one page application. Final approval is received in as little as twenty-four hours.

The terms are also much different than conventional business loans. While in a typical business loan there is a set interest rate and term (usually in years) to pay back the loan, a business cash advance has a factor rate, holdback percentage, and a term (usually in months).

Let’s compare the two to determine total cost. When borrowing $50,000 under conventional parameters you may be looking at a seven-year term (84 monthly installments) at an interest rate of 7%. Monthly installment payments of $755 for that time period will equal a total of $63,420. When borrowing capital using a business cash advance a typical factor rate might be 1.35 with a holdback of 20% and a term of 15 months. This would equate to a total payback amount of $67,500 over the course the 15 months by holding back 20% of sales each day.

It is obvious to see that a business cash advance is more expensive than traditional lending, but approval rates needs to be taken into account when forming an opinion on this available tool to help a small business grow. At smaller banks business loans are approved roughly 45% of the time while at big banks ($10 billion+ in assets) are approving small business loans at an atrocious sub 10% level. Business Cash Advance approval rates on the other hand are up near 85%-90%.

Although the costs are somewhat elevated so too is to the risk to the lending institution supplying them. Basing a loan on just a few months of sales data is a dangerous undertaking. This is why the lenders of a business cash advance take on a more proactive approach when collecting their money. The borrower will either have to currently be using or change to one of the lender’s approved credit card processing companies. The lender then is able to automatically withdraw a certain percentage of the daily credit card sales straight from processing until the business cash advance is paid off.

Lenders of business cash advance services are claiming to have many repeat customers who are very satisfied with the process. It truly is one of the few ways way that enable small business owners to acquire capital to help their businesses grow. It is for this reason that it is expected that the business cash advance industry will not be slowing down anytime soon.

By: Brian Stroka

To get the best terms on a Business Cash Advance apply at http://www.BusinessCashAdvance.info

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Business Cash Advance and Credit Card Processing Strategies

Business Cash Advance — Thu, 26 Jan 2012 16:19:37 +0000

By Stephen Bush

We are highlighting ten key difficulties to avoid when seeking business cash advances and working capital using credit card processing. It is especially important for business owners to realize that it is not necessary to accept any of the ten credit card factoring problems.

Credit card processing and small business loan strategies are closely connected in many ways. Business owners should not overlook the substantial working capital benefits which will accrue to their business by effectively coordinating credit card factoring and processing. If the ten most common business cash advance problems can be avoided, the total business benefits will be maximized.

Even thriving small businesses frequently need more working capital than they can borrow from a bank. One of the most important commercial financing needs for any business is ensuring that short-term cash requirements are successfully met. This is frequently a difficult task.

The use of a viable business cash advance strategy has become an increasingly important business finance tool for many businesses faced with a potential short-term cash shortfall. There are a number of common problems (noted below) to anticipate and avoid when businesses use credit card processing to acquire working capital advances.

Most merchants have documented credit card processing activity and sales volume. Since up to $300,000 and more can typically be obtained using a business cash advance based on future sales, documentation of processing activity is a valuable financial asset.

Businesses should realize that there are several recurring problems that should be anticipated prior to using this strategy for working capital business cash advances. Ten common credit card receivables problems that business owners should avoid when employing this strategy are highlighted below.

First, many lenders will attempt to charge closing costs. Business owners should realize that this is an unnecessary transaction cost for business cash advances when dealing with a truly reputable provider of working capital financing based on credit card factoring.

Second, many lenders for these services also charge up-front fees. With the best programs there are not likely to be any up-front fees, and this is a transaction cost that can and should be avoided.

Third, many programs for business cash advances have collateral requirements. For business owners seeking credit card financing, this is an unnecessary requirement and should be avoided.

Fourth, some lenders will require financial statements and tax returns for all business cash advances. Such additional documentation requirements should only be necessary for larger working capital advances.

Fifth, monthly fixed payments to repay merchant cash advances are imposed by some providers. The preferred approach is to avoid such fixed payment requirements.

Sixth, some providers impose a fixed term for repayment. This requirement to pay off the business cash advance over a fixed term should be avoided.

Seventh, many business finance programs require businesses to have at least two years of operating history to qualify for working capital business cash advances. While many business owners can meet such a requirement, a more practical standard for newer businesses is a minimum of one year in business.

Eighth, most providers of business cash advances currently require credit scores of 680 or higher. For many business owners, this can be an insurmountable requirement in the current economic climate. It is feasible to obtain this kind of working capital financing with scores around 500.

Ninth, for merchants needing larger business cash advances, it will be disappointing to learn that many programs are limited to a maximum of $25,000 to $50,000. Providers that are better capitalized for this business finance strategy will be able to accommodate an advance of $300,000 and higher.

Tenth, quite a few programs require up to 24 months of credit card sales of $25,000 or higher. A more practical possibility for business owners will involve a transaction history with six months of $5,000 or more.

It would be unusual for all of the obstacles described above to be relevant for all businesses. Business borrowers are likely to experience several of these problems if they are considering a business cash advance that uses credit card factoring and credit card processing.

Can all ten credit card finance obstacles discussed above be avoided? There are indeed viable credit card receivables programs which avoid all of the problems described. For any business owner considering this approach to working capital financing, it is probably worth repeating that it is not necessary to accept any of these problems in order to obtain business cash advances based on future sales.

Learn about avoiding working capital management mistakes and find out about commercial loans finance strategies – Stephen Bush is a business loans expert => AEX Commercial Funding and Small Business Cash Management

Article Source: http://EzineArticles.com/?expert=Stephen_Bush

Business Cash Advance – The Easy Way to Finance Your Business

Business Cash Advance — Thu, 19 Jan 2012 16:56:40 +0000

Running your own business is always a challenging job and the challenge becomes even more difficult when there is a fund crisis. Every business, small or big has experienced this situation where you need immediate financing to support your daily business activities and you are running short on cash. So what are the solutions?

While effective working capital management can reduce the occurrence of such situations, it is more than likely that businesses will still have need for funds, may it be to meet the recurring expenses, buy capital equipments or to expand the existing business.

Business owners has traditionally being dependent on business loans to meet such fund requirements, however, business loans are probably the worst type of liabilities that any entrepreneur would like to shoulder. They would require a collateral, a high rate of interest and fixed payment terms – business owners often risk losing their assets that they put as collateral in case they fail to make timely payments. With all these issues making business loans a negative option for entrepreneurs sets them on a hunt for a better finance option. Business cash advance is just that!

Business cash advance is one of the most popular financing methods for businesses. Cash advance providers would buy a predetermined number of Visa and Master card receipts from business owners and provide them with business cash advance in lieu of those receipts. The amount that the seller receives is not a loan and it is a cash advance paid against the Master and Visa card receipts and is paid back through the merchant account. The borrower need not repay the amount personally.

Unsecured business cash advances are available and the business owner would not require any collateral to get an unsecured cash advance. Also the borrower is not personally liable to repay the business cash advance. The business owner can sell his future credit card receipts at a discounted rate to avail a business cash advance. This is very much similar to Factoring, except for the fact that in factoring business-to-business invoices are discounted where as in this case your credit card receivables are factored.

There are no fixed payment schedules for a business cash advance and only the credit card sales receipts are used for repayment of a business cash advance. All other payments received through cash, check or other credit cards are left with the borrower. This ensures that he has sufficient funds to run his business while the cash advance also gets repaid through the Visa and Master card receipts.

Not only is Business cash advance an easier finance solution from repayment perspective but also it is easier to get. The general criteria required to qualify for a business cash advance are:

The business must accept Visa or Master Card as a mode of payment
The business must process a payment of $1500 or more in a month
The business should have been there for at least 2 years.
Credit card statement and bank statements for 3 month for seasonal business and 12 months statement for non-seasonal business should be available.

Most business cash advance companies would have similar conditions probably with some modifications here and there. These makes it easy for any business that accepts payments through credit cards to qualify for a business cash advance.

With this easy to get and easy to repay options, business cash advance has been the finance of choice for most business owners and especially small business owners are taking the maximum benefit of from business cash advance. If you are a small business owner, act now and get a business cash advance to take your business to the next level.

This article is written by Ray Smith, a marketing expert with years of experience in different industries and specialized knowledge on branding and Internet marketing.

Business cash Advance [http://1rstfunds.com]

Small Business Cash Advance [http://1rstfunds.com/Business-Cash-Advance.php]

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Introduction to Business Cash Advance

Business Cash Advance — Mon, 16 Jan 2012 15:57:17 +0000

Welcome to Business Cash Advance dot info