Small business funding sources have been scarce since the economic downturn, and start-up capital is all but nonexistent. Even if you have had a proven ability to generate profits and just need a little extra cash to grow your business, the current economic uncertainty has made banks and investors skittish. Despite having received trillions of dollars from the U.S. Treasury, the banking industry is still keeping a short leash on credit. So, you may ask “Where is my bailout?”
Fortunately, there is still a source of ready capital for small business funding that is available for operations that generate a steady stream of credit card receipts. This source of capital does not come from investors that will forever keep a slice of your profits, or from tightfisted lenders; it is a cut-and-dried cash supply called the merchant cash advance. Depending on factors such as the length of time you have been in business, and the average volume of your credit card receipts, you may qualify for as much as $100,000, or perhaps more under the right circumstances, without tying up credit or even putting up collateral.
With a merchant cash advance transaction, the provider actually purchases a portion of your future credit card receipts from you at a discount; in return, you get a lump sum of cash that you can use to your best judgment for expanding your business. The great thing is, if your business hits a slow patch, instead of sweating a fixed loan payment, the payments on your advance also slow down. And, unlike investor capital, once you have paid back the advance you are done, no strings attached. If you know that an injection of capital like this could help to expand your business by a quantum leap, you may be a good candidate for this type of small business funding.
what you just learned about Small Business Loans is just the begining. To get the full story and all the details, check us out at merchantcashfinder.com/
Filed under: Field Service Management
