(PRWEB) October 2, 2006
Fullerton, CA (PRWEB) October 2, 2006 Â Fast Capital, with over 50 years of management experience in the finance industry, announces the launch of a new cash advance product for retail businesses. Business owners who want to expand, remodel, or simply need capital for cash flow can receive a cash advance up to $150,000 against future credit card sales, based on the volume of credit card processing. The cash advance is repaid through a small fixed percentage of the businesses daily credit card receipts.
ÂOur product allows retail businesses to leverage their greatest asset; their future sales,Â said Fast Capital VP of Marketing Isaac Lay. ÂBusiness owners can obtain the capital they require without having to provide the documentation normally required for a conventional business loan.Â
Since Fast Capital is not a bank there are no interest rates. Fast Capital operates by purchasing future credit card sales at a discount and by using a flat repayment amount.
Once a business has been approved by Fast Capital, the money can be forwarded in three days. This allows for businesses to buy much needed inventory stock or new equipment. The money can even be used to pay off a debt, and to remodel or open a new location. The money can also be used to finance a vacation. The decision is solely in the hands of the businessÂ owner.
And paying off the loan is as simple as swiping a credit card. Each time a transaction is processed through the businessÂ credit card machine, a small percentage is deducted, paying off the debt by simply operating your credit card terminal.
About Fast Capital:
Fast Capital is based out of Fullerton, CA and serves the cash advance needs of retail businesses nationwide. For additional information please contact Isaac Lay at 1-888-878-6150.
210 N. Malden Avenue
Fullerton, CA 92832