Business Cash Advances are Fast and Simple to Acquire

When you operate your own restaurant there will be months when you confront the unexpected and find yourself in desperate need of business cash advances.

Florida, FL (prHWY.com) May 24, 2012 - Florida, May 22, 2012 - When you operate your own restaurant there will be months when you confront the unexpected and find yourself in desperate need of business cash advances. Going to your local bank or Small Business Administration building may be your first inclination, but do not waste your time. Neither is really forking over capital at this point, and the ones that will ask for so much paperwork and collateral that it is not a realistic choice for many new establishments.
How ironic that the very institutions that are created to give the working capital aren't, however do not worry-there is an alternative option. Your company can attain business cash advances or merchant account loans through the tiny credit card machine sitting on your counter near the register. Yep, the merchant processing account can help your business get capital when you want it. The flexible payback parameters associated with the advance is correlated with your merchant account transactions and ensures that the payments get sent straight to the funding company. Analyzing your past merchant account statements investors providing these merchant loans already see that your company is successful, and they are willing to help you move further by extending a merchant account loan.
business cash advances - This agreement, called a factoring agreement, entails you selling the factoring company a percentage of your predicted credit sales in the future for working capital right now. Seeing that they already know exactly what you bring in on credit sales each month, they understand how little risk you are. This means that your establishment has the ability to access $5,000 to $1,000,000 per location for urgent expenses.
The repayment terms that are arranged for your business cash advance is directly connected to your merchant account receipts, so you should not have to stress that you will be obligated to a large payment. Furthermore, it is a short term advance which you will pay back within a 6 - 12 months at most, freeing up that capital for reinvestment when your company is able to apply it for something else.
There are a lot of companies which extend merchant loans for small businesses. Although the program is similar for the most part, there are some significant differences between the companies. Namely, the cost for the funds and time frame that you are expected to pay back the capital. Even though there is no interest rate or set term, there is a factor rate and a hold back % of your future processing account sales. Say for instance you qualify for a factor of 1.32%. This denotes on a $10,000 advance you will pay back $13,200 or $.32 on the dollar when it's all said and done. As for the hold back, if it is 10% this denotes the factoring company will take 10% of your future credit card sales every day until the full amount is paid back. So applying the example above, if you process $10,000 month to month, you will pay back about $1000 per month. This requires a term of more than generally supplied. Realistically, your business will receive a hold back of 20% where you pay $2,000 per month and are finished in six months.

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Business Cash Advances - At Merchant Cash Finder we know that comparing different quotes is the best way to shop for a Merchant Cash Advance. We take pride in helping business owners get the funds they need while making sure they receive the best deal!

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Tag Words: business advance, restaurant loans, merchant account loans, restaurant loan, easy small business loans, credit card factoring, merchant account loan

Categories: Business

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Merchant Cash Finder
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