Tag Archives: banks
Personal Loans
Personal Loans for all your Financial Needs
Personal loans can make a big difference in your lives. No matter what your financial needs are, personal loans can help you tackle all of them in a hassle-free manner. You can obtain money for a variety of purposes like buying a new car, thinking to renovate your house, planning an ostentatious wedding, long awaited vacation, or perhaps a financial assistance for your child’s higher education. A personal loan acts as a financer for dealing with any unexpected expenses by filling up your pockets with enough cash.
Privileges with Personal Loans
Each financial institution offering personal loans have their own privacy policies. Many companies prevailing in the market mislead you by not revealing the complete detailed information that you need to follow once you owe the loan and charge a high rate of interest. While choosing a personal loan, you must read all the terms and conditions carefully to avoid any complications in the future. Some banks require no guarantor or security for a personal loan. Different banks provide different repayment options according to the convenience of the borrower. Some financial institutions also offer personal accident cover at nominal charges. Some can even provide you with a payment protection insurance cover in case of death in which the principle outstandings on the loan up to a maximum of the loan amount are insured and no interest is charged.
Personal Loans are Convenient and Flexible
You can avail a personal loan based on your income and repayment capacity and fulfill all your financial needs. With the quick approval process of these loans, you can turn all your dreams into reality. There is minimal paperwork and hassle-free processing, thus keeping all the worries at bay. Furthermore, there is no need of any security or collateral. Most of the financial institutions offer flexible repayment options, which do not overburden you with a worry to pay heavy monthly installments. The loan tenors are different for salaried customers and business professionals. With the simple procedure, minimal documentation, and quick approval of personal loans, you can get rid of all your worries and lead a happy life.
Merchant Cash Advance to the Rescue
Merchant Cash Advance to the Rescue Times are tough for small business. Businesses have been closing their doors at an alarming rate. What makes this a particularly rough time for businesses is that they are getting it from both sides;
- ,li>Customers arent purchasing their goods or services like they used to.
- Banks arent lending them the working capital to get past these tough times.
This is what is known as a “double whammy”. This current financial crisis is causing a lot of sleepless nights for many small business owners. I have come into contact with people who are being forced to close their business that they have owned for over 30 years. I cant express the amount of pain that these people are going through.
For many, a business loan could have saved their business. But the banks are unwilling to loan money to any business that may show any sign of financial trouble. What is maddening is that these large banks were given our tax money to do just that; loan us money.
Fortunately, there is a business loan alternative called a merchant cash advance (or merchant loans). They arent perfect; but they come awfully close.
The advantages of a merchant cash advance
There are many advantages to a merchant cash advance. One of the most important is that they will give you money even if youve been turned down by the bank. Other advantages include;
- Good credit is not a requirement
- There is a 95% approval rate
- Approval takes about 24 hours
- You business is typically funded within 7 days
- No collateral is necessary
- Flexible payback structure
- Quick, easy application process
- You can get funded up to $500K
As you can see, there are many benefits to merchant loans. The only advantage bank loans have is that they cost less. But that doesnt do anyone any good if they cant get a loan.
One of the unique aspects of a merchant cash advance is the flexible pay back structure. Heres how it works;
In order to receive a cash advance; you need to enable your processor so that a percentage of your daily credit card sales are automatically used to pay back the merchant loan. Because they only use a percentage of your credit card sales; the payback is dependent on the amount of business you do for that day. That means you pay back less on slow days and more on busy days. They do not touch your cash sales at all. This takes a lot of stress off your business and creates an environment that is easy to pay back your advance.
Merchant cash advance providers is a growing industry. They have advanced hundreds of millions of dollars to thousands of small business.
It is always in your best interest to stay informed and to keep your options open. I have provided a link below so you can learn more about how a merchant cash advance can help your business.