DETROIT, MI (PRWEB) June 05, 2012
According to a recent Pepperdine University study banks have rejected over half of small-business loan applications since January. As banks continue to decline financing for the small business owners, there’s a specialty finance and alternative funding company that provides small business owners with a working capital cash advance option, the Xcelerated Financing Program.
Advanced Working Capital (AWC) is a Midwest-based alternative financing company that is introducing a series of small business financing solutions, starting with the Xclerated Small Business Cash Advance. The Xcelerated Small Business Cash Advance (a form of unsecured credit financing) advances money to a business in exchange for a share of the business’ future credit card sales. AWC collects a small percentage from the business’ daily stream of debit and credit card transactions until the advance is repaid in 6 to 9 months. While the business owners’ credit history is considered during the approval process, there is a greater emphasis placed on the strength of their business cash flows. The Xcelerated Business Loan, (not yet available but soon to be offered) is for business owners that have slightly better credit scores but still fall outside of minimum bank FICO scores. These business merchant loan solutions were designed for small business owners in need of fast, short-term financing and working capital to purchase inventory and equipment or to pay for facility improvements, marketing, staffing, taxes and other debts.
The Xcelerated Financing Program® is ideal for financing restaurants, salons and spas, automotive parts retailers and repair centers, general merchandise retailers and more than 30 industry types that process an average of at least $5,000 per month in credit card sales. “We’re in business to provide working capital that helps accelerate small business growth and we can approve up to $350,000.00”, said David Hofer, CEO for Advanced Working Capital.
The team at Advanced Working Capital has streamlined the process and made it easy to get started and funded within 72 hours of receiving a completed and e-signed Xcelerated Funding Application and short-list of required information . Advanced Working Capital’s Xcelerated Funding Specialists can answer your questions and guide you through the process using online LIVE CHAT at AdvancedWorkingCapital.com or by calling 1.888.943.6966 Monday – Friday 9am to 9pm EST and Saturday 10am to 3pm.
About Advanced Working Capital
Advanced Working Capital is a specialty finance company that offers alternative funding solutions to main street small businesses from more than 30 industries nationally. These are business owners who have been underserved by traditional lending institutions but have consistently strong Visa, MasterCard and Discover credit card receivables. The company is led by a team of financial industry veterans with more than 75 plus years of combined experience in accounting, banking and merchant credit card processing.