Consider a merchant cash advance as a small business loan option
If you’re an entrepreneur, having an extra $2,500 to $150,000 can do a lot for your business. You could buy more inventory, buy new equipment and furniture, open a new office, boost your marketing, pay employees salaries. The list goes on and on.
The only thing is, 92% of business owners are denied loans from traditional lending due to lack of collateral, insufficient time in business, or the business owner has less than perfect credit. At a time when it is almost impossible to get a business loan from a bank, where does a struggling small to medium business go?
The answer may lie in a merchant cash advance. Merchant cash advance providers give small and medium-sized businesses the working capital they need to expand and grow their business. Unlike traditional lending, no collateral or personal guarantee is required. Instead, a merchant cash provider buys a portion of the business’s future credit card sales. These assets, which traditional lenders overlook, allow business owners to access capital quickly and easily without using their homes or personal assets.
With a merchant cash advance, even if a business owner’s credit is less than perfect, they can get the money they need for their business within 10-14 days. Thanks to a revolutionary approval method for business financing, there are no personal guarantees, no loan application fees and points, no traditional collateral, no fixed payments, no hidden fees, no need to enter a balance sheet and the business owner can choose his plan for payment and to use the money in any way they see fit.
Although there is a 95% approval rating, there are still a few guidelines that need to be met. For example, a business owner must be current with their landlord and have no open bankruptcies in the past 12 months, must have a merchant account processing Visa and Mastercard for at least 60 days, and must be in business for at least four months with a volume of Visa/Mastercard from $2500 per month.
Need more information about merchant advance payments? Go to www.dezzirae.com or call (818) 642-9343 to learn more.
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