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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.
Fast Loans-Urgent Money for your fiscal disparity
To solve your cash crisis in an immediate manner, fast loans are the tremendous loan option for all. When you are facing some sort of inevitable financial hardships and need urgent monetary assistance, this is the suitable loan aid for all. It is the finest way to grab quick money to fill your financial pitfalls without any delay and messy loan procedures. These loans are small and temporary loan assistance for the people who need instant money right at the doorway without any stoppage.
To grab the money quickly, fast loanscan be available to you via online application method. You need not get worried about facing lots of faxing hassle and preparing extensive paper work. The money can be transferred to you in your checking account when you get the approval of this loan. However, it does not take much of your time as just complete a single online application form with few personal details. No wastage of time and effort is required.
Moreover, the applicant does not have to undergo credit verification process. The borrower having some past payment defaults like CCJ, arrears, defaults, bankruptcy, foreclosures, insolvency and so on, you are applicable without any apprehensions. The borrower is not approved on the basis of his credit status.
For the fast and trouble free loan approval of payday fast, just qualify the following required specifications before applying:
1. You should be an inhabitant of UK. 2. You need to be in regular employment. 3. You must earn at least £1000 per month. 4. A checking account is required for direct money deposit. 5. You must attain eighteen years or more.
Fast loans, as its name suggests is small unsecured form of loan that does not demand any valuable asset. The loan money that you can borrow depends upon your monthly income. Enjoy this loan aid in a collateral free loan form and get the funds to spend on any purpose. The loan amount that lenders lend can be ranges from £100 to £1500. You can repay it back according to your convenience within the time duration of 14 to 31 days. Now, you can easily overcome your short term cash crisis in a significant manner using this source of finance.