Washington, DC (PRWEB) January 7, 2009
Bankcard Empire readied itself to add new affiliate member through its allegiance to balanced merchant funds as well as the ability to provide liquidity to small business owners throughout the country. The company's newest affiliate http://www.bankcardempire.com/11193 is lead by Susan Yousefi. Yousefi, a long-standing businessman with years of profitable success is now poised to provide small business retailers with the cash and loans needed to stay afloat during these economic times. Yousefi explains his excitement for this new addition to his portfolio of business ventures by saying, "I am thrilled to be adding this loan process to my list of services I provide my clientele. Now I can offer the means to remain liquid without having to allow for the liability on myself!"
The process by which bankcardempire.com/11193 works is they advance end-users the funds against their future credit card receipts. From there a mutually agreed-upon percentage is taken of the daily merchant's Visa/MasterCard receipts until full repayment. As a newly styled form of repayment helps to redefine the lending process for small business it is sure to take hold is such areas of the country hardest hit by the economic turmoil like New York City, Los Angeles and Las Vegas.
The amount of advance for the new merchants varies from $2,000-$150,000 and is based on the average of merchant's last 4 months Visa/MasterCard statements. It takes approximately 7 months to payback the advance. The payback period is not fixed because it's based on the merchant's actual Visa/MasterCard receipts. Therefore the actual payback will be a little longer or shorter, then the projected 7 months. Best of all, bankcardempire.com/11193 is not a bank; therefore, there is no interest rate. There is also no requirement of collateral, financials, tax returns, etc.
The process by which Yousefi stands by takes effect for the merchant within 5- 7 business days. As a reliable form of extension payments and lending there is no telling where the future will take Yousefi. One thing is for certain, it will be a profitable destination for all parties involved.
For additional information please contact Susan Yousefi at 310-974-2021 or visit http://www.bankcardempire.com/11193.