(PRWEB) February 26, 2013
MerchantCashinAdvance.com announced a business cash advance is now available through their website today. A business cash advance is designed to help small and medium sized businesses find cash for expanding their business for growth or reduction of debts to help ensure a healthy bottom line. What many business owners do not realize is a business cash advance is a better method of finding financing or money for their small or medium sized business. Also known as a merchant cash advance, the infusion of cash can be used for everything a business needs to ensure its success.
A business cash advance is not a loan as many people believe. As opposed to a loan a business cash advance is money advanced to small and medium business owners who need cash for whatever reason but do not want to or cannot obtain a traditional loan from a banking institution. A bank loan has rigid repayment terms, interest rates, and loan origination fees, and sometime even application fees. A business cash advance is a advanced payment of money based on credit card receipts from established businesses.
A business cash advance are also known as a merchant cash advance, is a payment to a business, and the business agrees to repay the cash advance with future credit, and debit card revenues. The arrangement will allow the merchant cash advance company to be repaid from the daily credit card revenues of the business. The payment is arranged via the businesses credit card processing company, which clears and settles the merchant's credit and debit payment transactions.
Any small or medium sized business thinking of applying for a business cash advance will not qualify for a bank loan typically. Not qualifying can be for several reasons, including length of time the business is open, since banks or the Small Business Association, will want the business to have at least two years of profitable operating history, before they will consider lending money to a small or medium sized business.
Another reason a business cash advance makes a more attractive financing method is the amount of money a business owner may want to borrow does not need to meet a bank or other financial institutions minimum amount of money they have more flexibility in finding a cash advance amount that will not bury the business in a large amount of debt.
Repayment terms of a cash advance for are different that a fixed term regular loan. Repaying a business cash advance is based on the monthly gross receipts of credit card sales during the month. This ensure the business is not stuck paying for a loan it cannot afford when sales may be slow due to typical business slowdowns and the cyclical nature of sales throughout the year.
Small and medium sized business owners in need of a business cash advance can visit the site found here http://www.merchantcashinadvance.com/ and fill out the short application form to determine what amount of cash could be advanced as well as what the repayment terms are for the business cash advance.