We have found auto repair shops, restaurants, liquor stores, dry cleaners, medical offices, and retail stores to be a great fit for this type of alternative business financing.
Las Vegas, NV (PRWEB) June 18, 2010
Wise Man Finance can help small business owners receive a cash advance up to $150,000 in as little as 10 days! Over the years Wise Man Finance has earned an impeccable reputation for great service. Acquiring business financing and maintaining high customer service standards seems to be impossible in this market; yet Wise Man Finance has been able to accomplish this task by being rated the highest company in customer service by outside sources.
Knowing the needs of business owners Wise Man Finance is now offering an “alternative financing program”.
Traditional banks require a business owner to provide financials and collateral to secure a small business loan. This is not the case with Wise Man Finance’s merchant cash advance program. “A merchant cash advance does not require tax returns or collateral,” explained Joseph Ferriolo, CEO of WMF. “In fact, the business cash advance is based on the historical sales of the merchant’s Visa and MasterCard processing. We have found auto repair shops, restaurants, liquor stores, dry cleaners, medical offices, and retail stores to be a great fit for this type of alternative business financing.”
Paying back the cash advance is easy since the payments are based on your credit card sales. A small portion of each credit card sale goes towards paying back the merchant cash advance without interfering with your cash and check receipts. Since there are no fixed repayment amounts and no fixed repayment terms, this gives flexibility to the business if they are having a slow month. Even small business owners with low personal credit scores are able to obtain high approval rates. Qualifying for a merchant business loan is easy. The business just has to process at least $5,000 a month in Visa and MasterCard payments and be in operation for at least six months.
Additional Business Funds
After the initial advance is paid back 70%-80% of business owners renew and receive a new merchant advance. This is proof that businesses find this type of financing to be advantageous. The funds can be used for inventory financing, payroll, marketing, advertising, equipment, or working capital.
“We want business to know financing still exists,” Ferriolo stated. “We help the small business owner make it through the difficult times. Wise Man Finance puts a lot of time and research into strategically aligning themselves with business banks. Each bank we have partnered with has to meet our internal qualifications. We are excited to launch our new merchant cash advance program and know it will give small business owners more financing options.”
About Wise Man Finance
Wise Man Finance is a business consulting company that caters businesses in need of financing. The firm’s small business programs help businesses obtain unsecured working capital from $20,000 to $150,000 within 21 days with little to no paperwork. To learn more, visit http://www.wisemanfinance.com.
# # #