I am sure that many of you have already understood the financial crisis, and because of their greed and bad investment, we all have to spend hundreds of billions of dollars to help these banks. And what reward do we get? They refuse to provide loans to those who should be the backbone of our economy; small business owners.
I am a gentle person, I usually don't like this, but sometimes I read an article in the news, which makes me angry. Many people do not know how many small business owners suffer in this economy. I do. I see it every day. Because of this economy; many of these business owners have difficulty keeping up with their bills. This, in turn, makes it harder to get commercial loans from banks. These small businesses did not cause this problem, but the bank.
Fortunately, many of these companies are able to get funding through merchant cash advances. I know they are not perfect, but they do have their advantages. One of these advantages is that even if you are turned away from the bank, you are likely to actually get the funds. In fact; as long as some minimum requirements are met, they approve up to 90% of all businesses. These requirements are: You must have at least 4 months of business and must process at least $2,500 in credit card sales per month.
Another big benefit is that it takes only a few days to get funding, not weeks. This is a big deal when you really need money. You have to wait for money every day, which can have a huge impact on your business.
Don't get me wrong. Banks have helped millions of small businesses over the years, but they seem to have lost their way. These large financial institutions have not gone anywhere [and in most cases]. But until everything is back to normal; there are other options.
If you've ever considered getting a merchant cash advance, click here to learn more about them and how they can help your business.