The bank is a large financial institution and is ready to provide sincere financial assistance to the company. Reality check – "big" business! If you are a small business owner and are looking for some funds to invest in the future of the business, what is the number of times you are denied bank loans?
Most banks will not approve loans to small businesses. Small businesses do not seem to have the opportunity to get a small amount of working capital when needed. Obviously, there is a savior-commercial cash advance. As merchants advance cash, small merchants can borrow money in future credit card sales. Often, this does not require collateral, credit checks, personal guarantees or benefits, and no upfront costs or hidden fees are required.
As the disapproval rate from banks increases, more and more companies choose to borrow from their credit card receivables. Now, many people will say that there are a lot of glitch in this kind of offer, but it depends a lot on the service you use. In most trusted legitimate Merchant Advance services, only a fixed percentage is deducted from credit card receivables. Automatic repayment based on your business revenue stream. There are usually no cumbersome procedures or strict eligibility criteria to satisfy.
Due to its high approval rate and worry-free terms and procedures, merchant cash advances are becoming a highly desirable form of lending. Small businesses with stable credit card sales can range from $2,500 to $100,000 for their needs. Can you imagine the possibilities and opportunities that your business can make with this capital?
AdvanceMe, Inc is one of the most recognized merchant cash advance providers. AdvanceMe provides cash advances for small businesses in four easy steps.
- First, you only need to submit a short online application form. No need to wait longer, your representative will contact you directly, they will collect the information you need from you. This information is usually related to your business and its operations.
- If your business is eligible for 90% of small businesses, then in this case, AdvanceMe, the merchant cash advance service provider, will purchase your scheduled future credit card receivables at a discounted price. In return, you will receive a one-time working capital.
- The collection process is also very simple. Your credit card processor will only send a fixed percentage of your daily credit card sales to AdvanceMe. The amount is sent only after the bulk sale.
- Once AdvanceMe receives all of the purchased receivables, the payment will stop. This usually takes a year, but the amount of sales can greatly affect that time period.
Most companies simply renew their agreements, so they have a continuous commercial credit line. So, are you still finding any faults here? Obviously not. In fact, what you get from a merchant cash advance is a significant amount of capital that can help you expand your business further. The app is not only easy to use, but you don't have to worry about paying in one lump sum.