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An Alternative to Business Loans to Think About in a Tough Environment
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by: dannymcf
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Word Count: 315
Small business loan outlets have been few and far between since the economic crisis began, and beginning funding is all but nonexistent. Even if you have had a verifiable ability to create sales, profits and just need a little extra financing to grow your business, the present economic uncertainty has made traditional banks and investors reluctant. In spite of having attained trillions of dollars from the U.S. Treasury, the banking industry is still keeping a small leash on credit and working capital. So, you should ask "Where is my bailout?"
Fortunately, there still remains source with ready funds for entrepreneurs that is available for businesses that have a consistent stream of credit card transactions. This source of funding does not come from investors that will always grab a portion of your profits, or from tightfisted lenders; it is a simple funds supply called the business cash advance.
Depending on things like the length of time you have been open, and the mean volume of your credit card receipts, you may qualify for as much as one hundred thousand, or perhaps more under the right circumstances, without utilizing your credit or even putting up collateral.
With a business cash advance product, the lender actually buys a part of your future Visa-MasterCard receipts from you at a discount; in return, you get a lump sum of funds that you can use to your best judgment for expanding your business. The great thing is, if your business hits a slow period, instead of stressing a set loan payment, the payments on your merchant cash advance also slow down.
In addition, as opposed to investor financing, once you have paid back the business cash advance you are finished, no strings attached. If you know that an injection of financing like this could help to advance your business by a large amount, you may be a good candidate for these types of business loans.
About the Author
Since early 2008 Daniel Samoohi has aided thousands of business owners in finding reputable lenders in order to compare quotes for business loans. By making lenders compete with each other, Daniel also aids businesses in finding great deals for business loans.
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