Having a good understanding of how merchant cash advances work and compare to other financing options is the first step for a business owner whose company needs help managing its cash flow
Houston, TX (PRWEB) July 31, 2012
Cash flow problems are common occurrences for small and medium sized businesses. Many of them have relied upon accounts receivable factoring to sustain or grow their business operations. Invoice factoring converts outstanding current invoices into immediate cash. Factor Funding Co., one of the leaders in small business funding services, has introduced a new concept in financing that offers cash today for a percentage of future credit card sales.
Factor Funding Co. unveiled the new program in a free e-book: “Guide to Merchant Cash Advance Loans” that can be downloaded at the company’s website. Unlike traditional invoice factoring that provides cash in exchange for current receivables, a merchant cash advance offers a cash payment in exchange for a percentage of future credit card sales.
Companies in business for at least nine months that accept credit cards as payment for sales or services may qualify to receive cash to use for any purpose they choose. Repayment is set up as a percentage of future credit card receipts, as opposed to the fixed monthly payment associated with a business loan. This feature makes the merchant cash advance particularly attractive to companies that experience periods of slow sales volume.
The free e-book explains the merchant cash advance process with sections that explain:
- What is a merchant cash advance?
- How does the merchant cash advance process work?
- How to qualify for a merchant cash advance?
- How to use a merchant cash advance?
- How to find out if a merchant cash advance is right for your business?
“Having a good understanding of how merchant cash advances work and compare to other financing options is the first step for a business owner whose company needs help managing its cash flow,” according to Factor Funding Co. founder and president Daniel Eke. “This e-book was designed to give the busy small business owner a good working knowledge of the program and convenient ways to get additional information.”
About Factor Funding Co.
Houston-based Factor Funding Co. is a leader in providing funding services to small businesses including start-ups, growing companies and minority and women-owned businesses facing cash flow challenges. Manufacturers, wholesalers, distributors, service providers and companies in other industries have come to rely upon Factor Funding Co. for fast and reliable solutions for managing their cash flow management issues. Cash flow solutions that allow companies to grow, expand, modernize and meet the challenges of their industries.