Merchant Cash Advance Programs are a thing of the past, and set the majority of businesses up for failure...
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Houston, TX (PRWEB) September 22, 2011
In response to the record low business loan applicant denials across the country, a new Small Business Financing Program has been launched this month, requiring no credit check and funding the same day of applying, announces Merchant Cash in Advance.
This new Small Business Financing Program has received plenty of attention from the media and business owners across America because of its seemingly guaranteed approval of American business owners. Merchant Cash in Advance has already funded close to $25 million USD since the launch of this program, and will continue to offer it throughout 2012.
The program gives the business owner 18 months to pay back the borrowed amount, but more importantly, it bases the loan amount off of the business's performance. 99% of previous business lending relies heavily on personal or business credit, or assets... this has caused a high denial rate for business funding across America, with close to 92% of applicants being denied this year.
Many Merchant Cash Advance providers of the past have shown similar programs in the past, but most have forced a 4 month payback- along with merchant processing restrictions and credit requirements- unlike the new Business Financing Program.
"Our new Small Business Financing Program has certainly revolutionized the entire business lending industry in the US. Merchant Cash Advance Programs are a thing of the past, and set the majority of businesses up for failure. We have over 60 Factoring options for businesses that do not require merchant processing, and over 90 business funding options that are not credit based. Our objective is to keep businesses alive and obtaining financing, unfortunately most other merchant cash advance companies have forgotten that." - Craig Clark, Personal Assistant of the CEO of MerchantCashinAdvance.
The Small Business Financing Program has certainly exploded across the US, and has shown no signs of slowing down anytime soon.
Business Financing Inquiries Are To Made at: 877-875-0231.