Friday, May 31, 2013

Merchant Cash Advance Explained



Merchant Cash Advance by Quantum

Merchant Cash Advances

Sometimes the most difficult part of running your own business is attaining capital to maintain and sustain ongoing growth. This is even more true when you are in the market for a business loan. There is a false impression that small businesses are more apt to fail than any other type of work; a ten percent success rate is often noted.
A small business cash advance can also be attained from merchant services providers as a factoring contract. These providers give funding choices that range from $5,000 reaching to $250,000 dollars if necessary. The entrepreneur is basically selling their future Visa/MasterCard receivables at a discount in order to get the cash that are necessary within days.

The small business cash advance is repaid by way of a credit card receivables derived agreement. A percentage of credit card receivables are paid back based on a "Daily Capture Rate" that is agreed upon before getting the capital which means that during a bad business stretch of time the advance can still be paid without having to face penalties.

When you are running your own establishment it can be tough to anticipate when you will need to have a certain amount of capital handy. The first large problem can be a "make or break" happening. Even if the business owner has excellent credit, it can take months for a bank loan to be funded; in the time being, business continues to be bad.

A small business cash advance provided through Merchant Account Loans give a much needed, speedy solution for businesses in need of cash. Neither collateral nor years of paperwork are needed to be approved for business loans when you work with a trustworthy financing company.

Rob Olson,
1-888-881-0657 ext 707
http://www.merchantcashadvanceamerica.com