Nationwide (PRWEB) July 10, 2014
Small businesses need working capital to stay competitive in today's economic environment. Fortunately, there are affordable, grocery merchant cash advance loans that work based on merchant credit card processing. With these merchant cash advance options, it's now easier than ever to answer the question, "who qualifies for working capital from merchant cash advance lenders?"
Big bank small business loan denials remain at historical levels. The corporate lending institutions point to a wave of new federal lending and banking regulations. Compounding the matter to make financing more difficult to obtain is the losses incurred by traditional banks during the course and well after the end of the Great Recession.
As the housing market began booming in the mid part of the decade, lenders were in the business of routinely approving "NINJA loans," an acronym which stands for No Income, No Assets, and No Job. The result was hundreds of millions of dollars in defaulted debt instruments. That left a small percentage of credit unions to fill the small business lending gap. That resource, however, had a short life span and now, it's only alternative lenders which remain; but, with very innovative products that come at a low cost.
These loans are available by applying online, with simple applicant forms, and approvals are delivered within 24 hours. Approval rates are 98 percent, and small businesses can apply and receive between $5,000 and $500,000 in three to five days through direct deposit. Funds may be used for any purpose, and no credit check or collateral is required to qualify.
Rates are extremely competitive, and repayment installments are based on a percentage of the loan, not a fixed sum. This means during slow sales months; payments are automatically lowered. What's more, there is no certified financial statement or years of personal and business tax returns to qualify. Instead, qualification is based on monthly credit card receipts and not assets and liabilities.
Big banks, by contrast, take weeks, even months to process loan applications, and there are several credit and financial documentation requirements. For a low cost, reliable source of commercial grade funding, the choice is clear.
BusinessCashAdvanceGuru.com expanded nationwide services are now available in the following geographical areas:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin, and Wyoming.
About Business Cash Advance Guru
http://www.BusinessCashAdvanceGuru.com is a division authorized by TieTechnology, LLC. Business Cash Advance Guru’s merchant cash advance division specializes in helping small business owners realize their dreams. That’s why we created our merchant cash advance program in 2003, and continue to be a merchant cash advance leader in the industry, offering the most flexible payment options and the lowest interest rates and in the business.
About TieTechnology, LLC
http://www.tietechnology.com specializes in small business service based solutions for businesses. Services provided by TieTechnology LLC, include: merchant credit card processing, business service telecommunications, and web based visibility marketing. The advantages of doing business with TieTechnology is their commitment to customer service excellence and their offering of one stop solutions to all business to business service product needs for the customers’ convenience. To learn more about their wide assortment of business services and their specialized divisions, see the following links and descriptions.