Are you missing out on business opportunities due to a shortage of funds? Are you tired of waiting for weeks or months to get your business loan sanctioned? Is your business financing application asking for an array of unnecessary financial documents? Are you fed up of all the intrusive questioning surrounding your loan proposal? Are you looking for a quick and hassle-free way for getting a line of credit for your business and gain advantage over your competition? If yes, then a business cash advance, also called a merchant cash advance is the solution to your problems.

Business cash advance is a funding alternative that is revolutionizing the world of business. While a traditional loan application can take months to process, business cash advance providers release funds within a week, sometimes in less than 3 days. The application is available online and is easy to fill. Further, you don’t have to provide a multitude of financial documentation to get your application approved.

The application process works in the following manner:

1. Lining up an Approved Credit Card Processor Business cash advance is not a loan, rather an advance purchase of your business’ credit card receipts. Thus, to receive this type of funding, you should already be processing major credit cards like Visa or MasterCard. Open an account with an approved credit card processor and process credit cards for at least six months before submitting your application.

2. Submitting an Application Business cash advance providers need you to submit only your business and credit card statements with your application. Your application is evaluated using two criteria, number of months in business and your average monthly business income. Typically, you are required to be in business for a minimum of 9 months and have an average monthly credit card receipts of at least $5000 to be eligible for funding.

3. Evaluating the Cash Advance If your application is approved, you will receive a contract from your provider. This contract will specify four crucial pieces of information.

* Future Credit Card Receipts Amount - This specifies the amount you sell to the provider for an advance. It is also the total cost of your advance.

* Total Loan Amount - This specifies the amount of money you will receive from the provider.

* Percentage of Daily Credit Card Sales - This specifies the percentage of credit card sales you will repay to the provider every day. This percentage should be fixed. Watch out for hidden clauses that allow unscrupulous providers to manipulate this percentage at a latter stage.

* Penalty Terms – The terms specify contingencies and the ways to deal with them.

Upon receiving the contract, read it carefully. Make sure you understand every term and condition specified in the contract. Remember that the business advance is not a loan. Your contract is your only legal safeguard against fraudulent providers. Once you sign and submit your application, business cash advance will be released, usually within one week or less.

Business cash advance allows you to receive funds quickly and easily. To make the most of your funding, familiarize yourself well with the funding and the application process.

Daljeet Sidhu is at TradeSeam. Read our Business Financing blog and Business Cash Advance blog.

Merchant cash advance or business cash advance is perfect for business owners that have difficulty securing traditional business loans or funding. Businesses that are starting up or do not have regular cash flow cannot guarantee regular payments. Unlike loans, merchant advance is not repaid with monthly installments on fixed dates. This helps business owners as the cash advance needs to be repaid only with credit card receipts.Though loans and merchant cash advances work differently, neither should be taken out without due consideration to certain factors.

Credit card sales vs. Credit score

Business owners with low credit scores face a lot of problems in acquiring traditional loans. Merchant cash advance providers accept the fact that some business owners may not have a good credit score. Therefore, the providers also consider the projected credit card sales of the business.

The amount of cash advanced to business owners depends on both their credit score and credit card sales. Business owners should have at least one of the two – high credit scores or high credit card sales – for an advance to be approved. Approval is almost guaranteed if the business owner has a good credit score as well as high credit card sales.

Term of the advance

Merchant cash advance providers expect their money to be repaid within the preset payment term. While loans are repaid with interest, the advance is paid back with a fee that is calculated as a percentage of the credit card sales of the business. Just as the interest rate for long-term loans is higher than short-term loans, the fee charged for the advance also increases with the term of the advance.

It is advisable to repay the advanced cash as soon as possible, as the overall cost of the advance increases with time. For example, the advance that is repaid in six months is cheaper than that paid back in one year.

Approving the merchant cash advance provider

The same laws that regulate other financing organizations such as banks do not regulate the merchant cash advance industry. Many providers charge exorbitant fees and exploit the needy or desperate business owners. The industry is trying to regulate itself to ensure its growth and discourage dishonest merchant cash advance providers from hurting the image of the industry.

Before taking out an advance from a provider, evaluate the terms very carefully and weigh multiple providers to find the best deal. Do not get ripped off by unscrupulous providers. Check references to make sure you are dealing with an honest provider.

Merchant cash advance is an option for business owners unwilling or unable to take out traditional loans. However, there are many disreputable providers in the market, and business owners need to be prudent.

Do your homework as you would before taking out any other loan. Having a clear plan to repay the advance quickly is a good way to reduce the overall cost of the merchant cash advance.

Daljeet Sidhu is Co-founder at TradeSeam Business Network. Connect with customers, suppliers, partners and service providers online and start receiving qualified sales leads to grow your business. Find, Compare Prices and Save on vendors and suppliers for your business needs. Power up your business by leveraging the Tradeseam verified seal to build trust with customers, partners and suppliers and receive more qualified sales leads and business opportunities. Read our merchant cash advance advice. Compare business cash loan quotes.

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.

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

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=Brian_Stroka

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.

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