Business Cash Advance – Finding Working Capital In A Tough Credit Market


There are many junctures in the natural existence of a small business when merchant capital becomes a legitimate necessity to keep afloat or to multiply. Whether the merchant needs cash to keep their doors open or more working capital later in the existence of the business to multiply and succeed, locating funds can be tough.

A business cash advance can be secured from several places. Family and friends, conventional bank loans, credit card advances and more, are all available choices. However, for a entrepreneur that has established themselves in their business for at least six months, there is the selection of obtaining funding through a merchant cash advance as well.

A lot of small business owners come to the realization that utilizing the collateral of their future credit card sales they can get quick, solid funding. The main factor in getting this method of financing is a verification of credit card processing volume utilizing your monthly merchant statements. Of course, entrepreneurs needing these methods of financing are commonly very young in age, and therefore cannot be approved for a traditional bank loans. Fortunately, small business cash advances, those less than $200,000 per business location, are readily available through various merchant account agents.

When a small business owner gets funding from these type of financiers, the payment terms are directly binding to Visa-MasterCard receipts as seen on a daily basis. That is a particular strength in today’s economic climate, as revenues one month can differ greatly from transactions in another month. An agreed upon percentage of receipts called the “daily capture” goes to paying off the balance instead of a fixed amount.

Another strength to cash strapped merchants is that a business cash advance is commonly approved and the money is made available within a few business days. No traditional bank can look at and process a loan package that fast.

Since early 2008 Daniel Samoohi has assisted thousands of business owners in finding reputable lenders in order to review offers for a business cash advance. By making lenders compete with each other, Daniel also helps businesses in finding great deals for business cash advances.

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