Small Business Association has stated, “inadequate or ill-timed financing is a major reason for small business failure.” Regardless how long your business has been in operating, 90 years or 90 days, there are times that you need an infusion of money to keep the business running smoothly.
When looking for a small business loan with a traditional lending institution, such as a bank, it takes a great amount of time and effort in completing the paper work. Most of the time you are required to submit, a business financial statement, business tax returns, and a business plan with budget orprojec-tion. Often you are also required to submit your
personal tax returns and financial statement. With spending all this time and filing out the paperwork, your chances of getting approved for a small business loan are very slim if you do have excellent credit and significant collateral. And even if you are approved for a small business loan, you will likely wait for months to receive the funds.
An alternate solution to a business loan is the relatively new program known as credit card receipt advances. This is a way to leverage your credit card sales (Visa/MasterCard) for immediate cash infusion. As a business owner you are able to use this
funding to put cash immediately back into your business. The objective of this program is to provide the working capital necessary for your business so it will have continuous growth.
Based on the amount of credit card receipts the business processes on a monthly basis, a business owner can anticipate future receipts and obtain credit card receipt advances based on that anticipated amount. The funds from the cash advance
program are not a loan. It is an advance against Visa and MasterCard merchant account receipts. It is repaid through the merchant account itself.
This method of funding is open to most business that except Visa/Mastercard credit cards. The program was especially designed for small businesses such as Salons, Spas, Repair Shops,Gyms, Health Clubs, Remodeling Contractors, Retailers, Chiropractors, Lawyers, Doctors, Veterinarians, just to name a few.
So what does it take to get a business loan using your credit card receipts? If your business can answer "yes" to the following criteria, then you can qualify for up to a $100,000 cash advance RIGHT NOW. Good credit, bad credit, or no credit.
·Do you process at least $2,000-$2,500 per month in Visa/MasterCard sales?
·Have you been in business at least 3 months?
·Do you have less than perfect credit?
·Do you have an immediate need for cash?
·Are you unable to go to your bank for help?
If you answered "YES" to all of the above, then you are just a few short steps away from receiving a cash advance of up to $100,000. Funds can be provide your business with working capital against its future Visa/MasterCard sales from your customers. Our business cash advance program is simple:
·95% Approval Rate (Compared to a business loan which typically has a 90% rejection rate)
·Funds can typically be provided in 7 days or less (Compared to a business loan that can take up to 90 days to receive funds)
·Advances up to 130% of your 3-month processing average (Up to $100,000)
·No extensive paperwork or tax returns required (Compared to a
small business loan that can require complete financials and an
enormous amount of paperwork)
·You are free to use the funds however you choose
This is one of the easiest programs to apply for, be accepted, and the customer service is excellent.
Dave Fitzgerald is the owner of notesUSAonlline, which tackles business and personal cash flow problems. For more information about this program, go to: http://www.notesusaonline.com/
