Merchant Cash Advance, 5 Reasons They Are Better Than a Bank Loan

Merchant Cash Advance VS Bank Loan

Small business owners fail to understand the ease with which they can acquire merchant cash advance. They choose to wait for months in order to acquire commercial bank loans, only to be disappointed in the end. Don't fall into that trap.

1. Easy and Fast paperwork.
Merchant Cash Advance:
The process for acquiring merchant cash advance is much faster than a bank loan. It does not require tons of paperwork, hand it ends up being less confusing and straightforward for any small business owner.
Bank Loan: Contrary to that, bank loans require a ton of paperwork, which always ends up confusing the small business owner.

2. No Collateral Requested
Merchant Cash Advance does not ask for any collateral from you. You do not have to put any current assets on the line. Merchant advance lenders do not ask for any type of personal guarantee, making it easy to acquire credit for business.
Bank Loan: Banks ask for collateral and personal guarantee. This collateral may be in form of a house, a car, your business shares etc. in present times it is very difficult to acquire a commercial bank loan, especially for small business owners.

3. Merchant Cash Advance
As mentioned above, merchant cash advance is an easy solution to any businesses credit problem. Merchant companies can approve your loan within one hour and provide you with the required cash within a couple of working days.
Bank Loan: with banks you can never be sure as it requires month in approval of the application. Also you are less likely to get approval anyway. 

4. 95% approval rates.
Merchant Cash Advance: With 95% approval rate, merchant loans are far better choice than commercial banks. Many businesses opt for merchant cash advance for fast and easy money.
Bank Loan: if your business is in debt, then a bank is probably not going to approve your loan application. Your most favorable choice of loan at that point is Merchant Cash Advance America for the capital you require.

5. No fixed repayment schedule
Merchant Cash Advance: when business slows down, repayment slows schedule changes as well. You repay the merchant company according to your profits and sales. Such easy payback terms make Merchant Cash Advance a better choice for small business owners.
 

Bank Loan: Banks demand fixed repayments. Whether you are in profit or loss, there are significant sales or not, you have to repay the loan in accordance with fixed repayment terms.
When banks imply rigid terms and delays application process only to announce after months that you are not eligible for a loan, then Merchant Cash Advance becomes the right choice for every small business owner.

Contact;

Rob Olson

Merchant Cash Advance America

Quantum Merchant Services

1-888-881-0657 ext 707

Merchant Cash Advances for Convenience Stores

 

At Quantum we provide Cash Advances for all types of Businesses this is a basic outline for Convenience Stores.

What’s Required to Obtain a Merchant Cash Advance for your C-Store

Merchant Provides:

• Six most recent bankcard processing statements
• One complete, most recent bank statement
• Copy of business license (Liquor, sales tax permit, etc)
• Copy of owner’s driver’s license
• Merchant’s voided check
• Most recent business mortgage statement or rental statement with payment history

Paperwork:

• Administrative Form
• Signed Merchant Cash Advance Agreement

A popular move for c-store owners is to take out a cash advance on future bankcard sales then use the money to buy ATMs for each location then quickly pay off the loan and use the ATMs to generate additional income.  That’s a very popular investment strategy for smart and savvy business owners.

cash advances for convenience stores provide fast access to working capital as an alternative to traditional bank loans. Features to our working capital advance include:

• Funding provided in 7-10 business days after close
• Less than perfect credit is not a “deal breaker” if the business is performing well
• The amount of an advance is primarily based on a merchant’s monthly credit card processing volume
• The amount paid back daily is a fixed percentage of credit card deposits
• The more you sell, the faster the loan gets paid back; the less you sell, the slower the rate of repayment
• Payback ebbs and flows with business receivables
• How a business owner uses the funds is his or her prerogative

Rob Olson
Quantum Merchant Services
Merchant Cash Advance America
1-888-881-0657 ext 707

Merchant Cash Advances for Liquor Store Owners

27 Mar 2013

Merchant Cash Advance Benefits for Liquor Store Owners

One of the most simple and convenient ways for liquor stores to purchase inventory for any season is to obtain a Merchant Cash Advance or an Unsecured Business Loan. This can be very simple and easy to do. With a Bank, you would have to apply months in advance with tons of paperwork. Hoping to be approved for the dollar amount needed in order to catch the seasonal specials that your distributors offer. This is never a reliable choice, there are too many unknowns and variables for this to be viable. To hope the most profitable months of your business to get an approved from the bank? Not an option for most business owners.


More and more we find Liquor Store Owners obtaining Merchant Cash advances from Merchant Cash Advance lenders to aid in securing cash flow. As soon as the wholesalers present seasonal specials, the business owner can make one phone call and with minimal paperwork receive the cash needed to bulk up inventory. With so much going on within the business at any given time, the last thing he or she needs to worry about is making payments.

Merchant Cash Advance Companies have come up with simple repayment plans. The most common is via credit card processing accounts. They simple deduct a small agreed upon percentage of the daily transactions to pay back the cash advance until it’s paid in full. The business owner never has to worry about missing a payment. Smart Business indeed!

Whether you need to bulk up inventory for an upcoming season or would like to acquire more locations or simply just need the extra cash flow in off months. A Merchant Cash Advance is becoming one of the most popular methods to do so. Develeoping successful businesses is never easy but with the right source of financing it may have just gotten easier.


For More Information Contact

Rob Olson
Merchant Cash Advance America
1-888-881-0657 ext 707

Merchant Cash Advance and Your Tanning Salon

According to recent studies, the tanning industry has more than doubled over the past 10 years. Many  millions of Americans visit tanning salons annually which helps the tanning industry pull in over seven billion dollars a year. Consumers care about their health as much as their physical appearance, which is why indoor tanning is so popular. Your customers want to look good but be responsible and take care of their skin at the same time. If you own a tanning salon and are looking to expand your business to add tanning consultants, specialty lotions, or new equipment then consider a small business cash advance from Quantum. Don’t get burned by the competition…let us help you add the following services to your tanning salon:

Walk-ins: This may seem obvious, but many tanning salons do not offer walk-in tanning. Your customers crave convenience and simplicity when they want to pamper themselves. Walk-in tanning will become a big part of your business. Many salons keep one booth open at all times to allow for walk-in customers to tan on their own schedule.

Extended hours: Once again, your customers demand convenience and ease of access to your tanning facilities. Both early risers and workaholics want to have their tanning needs met through a salon that opens early and closes late. During the summer months it is a good idea to extend your hours. Quantum can help you with the financing needed to add summer interns or part-time employees to your roster.

Great products: Your tanning salon should offer the best products on the market. Set up a lotion bar with tanning lotion for a variety of skin types, colors, and moisture levels. Hire a tanning consultant who specializes in skin care to recommend the best products and accurate tan times for your clients. You can even allow your customers to customize their own lotion with a mix-and-match lotion option at your tanning salon. Your clients will love combining different lotions into a customized potion.

Personalized service: Remembering your clients by name makes them feel special and welcomed at your tanning salon. Send out a postcard or a newsletter personally addressed to your clients and let them know about any specials your tanning salon may be running. You can even mention to your clients to bring in the postcard to receive a special discounted price. This makes your customer feel special and allows you to track how many clients are receiving (and redeeming) your incentive.

If you are a tanning salon owner and you want to increase your revenue, then contact us, today. Quantum has over 10 years of experience providing cash advances to small business owners.

If you’re looking for funding for your small business then call Quantum at 1-888-881-0657 ext 707 Quantum can provide your spa with a variety of working capital solutions. Visit us at www.merchantcashadvanceamerica.com and apply online today!

Basic Qualifications for Merchant Cash Advance Funding

 Obtaining a merchant cash advance (MCA) funding through Quantum Merchant Services is a great way for small to mid-size businesses to get working capital.

Get funding without having to go through banks.

We are a great resource to help you get merchant cash advance funding.

Unlike banks, we consider your future business to be a tangible asset. Because of this, we’ll purchase your future sales at a discounted rate.

Qualifications to get started.

There are a few simple qualifications any business needs to get business advances.
They are:

• Minimum average monthly credit card volume of $5,000
• Client must batch out a minimum of 15 days per month, 20 or more is preferred
• Must have a commercial checking account for their business
• Business must be in active operation, not closed
• Business should not be more than two months behind in business rent or mortgage payments, and in good standing with landlord or mortgage provider
• Business lease must have at least 12 months left before expiration
• Business must not have excessive tax liens or court judgments

For more information:
 Rob Olson, Owner
Quantum Merchant Services
Merchant Cash Advance America
1-888-881-0657 ext 707
 

Merchant Cash Advance Is It a Viable Option?

Merchant Cash Advance – Is it a Viable Finance Option?

Owners of growing businesses who do not hold a good credit card history can turn to a Merchant Cash Advance to get their company funded. The advantage of getting a merchant cash advance (MCA) is that your business will have the chance to get funded while it is still growing and does not yet posses a good credit sales record.

Because of the high numbers of small business owners that are rejected in availing a traditional bank loan, more and more entrepreneurs go for a merchant cash advance instead. They offer an easier and quicker funding for any type of developing businesses without the need for complicated requirements.

The MCA is a funding process that done through credit card factoring. Here, selling a percentage of your daily credit card sales to the MCA provider is done instead of collaterals and loan interests. Usually, the percentage will be around 12 to 20 percent of your credit sales. The underwriters will calculate all the sales your business is having through your registered credit card account. The repayment money will be deducted from your business’ monthly sales to the cash advance lender. The process will continue until the cash advance is completely paid.

There are no specific deadlines when repaying the cash advance. It will all be determined on how much your business is earning. So if your business has improved and the credit sales rise, the Merchant Cash Advance provider will get repaid a lot quicker. In case there are no improvements and the sales did not increase, there will be no risks on your behalf and the cash advance lender will not take legal actions against you. That is the advantage of having no collateral and strict agreements.

Merchant cash advance offers a fast processing, so that your business will get funded right away. Just a few days after your application for the cash advance has been approved, the money will be forwarded to your account. There are also no need for any processing fees and upfront money.

In order to get a cash advance for your business, you will need to present the following:

• Evidence that your business has been operating for not less than 6 months.
• A record of your past credit card transactions of the last 12 months.
• A document regarding your lease (You need to have at least one year confirmable lease)
• A transfer of all your credit card transactions to the machines of the MCA provider (only some providers don’t require this)
• Your business needs to be accepted and legal

Upon presenting the said requirements, the underwriters will evaluate your application for a credit card sales advance. All you need to do is wait for a little while and the cash will instantly be forwarded o your account.

That is how easy MCA works! It gives your business the chance to get funded even while are struggling with financial issues.

Rob Olson

Quantum Merchant Services

7300 Hudson Blvd

Oakdale, MN 55128

1-888-881-0657 ext 707 

Merchant Cash Advance VS Big Banks, Who is Funding Who?

If you own a business you have probably received a phone call from a telemarketer telling you about the easiest way for your business to obtain the capital it needs to grow.  A merchant cash advance. First I will review what a Merchant Cash Advance is and then I will explain to you why big banks are turning you down.

A merchant cash advance is formed when a  merchant is advanced a large sum of their credit card sales.  For example if a merchant processes twenty thousand in credit card sales monthly they can receive twenty five thousand in one lump sum and have anywhere from three to 24 months to pay it back depending on the merchants FICO score.  The way the merchant repays the merchant cash advance is buy allowing the business cash advance provider to hold a small percentage daily from the credit card sales.  This allows the business cash advance provider to feel more secure in obtaining its payments.  Instead of a loan where you make payments daily and the risk to the lender is much greater.  So that allows merchant cash advance providers to not be so hard when it comes to underwriting.  They can fund business that have only been open six months not to mention they will fund accounts that have tax liens or even fico scores below 500.  Most big banks want at least two years of tax returns not to mention a business plan.  Business cash advances are easy and convenient for merchants to obtain the financing they need to help their business grow.  No matter what type of business or the situation the merchants in business cash advance lenders can and will fund you.

Now this is why Big Banks are Turning you Down

It is simple, when you drive down main street in your local community how manygoing out of business signs do you see? or say wow another restaurant at that location? is because more than 60% of business fail in their first year.

Do you really think big banks are willing to lose money giving a merchant or small business owner money at 4-8%.  There a re a few ways to go about it. If you want to start a business you better be self-financed or have a rich uncle that believes in you. 

Why are Merchant Cash Advance Companies willing to give you the Capital you need?

Its simple profit. Banks charge 4-6% on their loans and have terms up to five years.  Whereas business cash advance companies charge a bit more for accepting more risk. and get paid back within 6-15 months. 

Where there is risk there is reward. So long story short if you own a business and get a business cash advance because you have been bank declined,  perhaps a business cash advance may be best for you in the long run.

For more information on Cash Advances contact

Rob Olson,
Quantum Merchant Services
Merchant Cash Advance America
7300 Hudson Blvd, Oakdale, MN 55128
1-888-881-0657 ext 707

In most cases funding is within 72 hrs. $5,000-$250,00 available