The ease of a merchant cash advance and the large funding amounts brings a lot of our customers back to expand their business to more locations, ipay...
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Costa Mesa, CA (PRWEB) July 27, 2011
MerchantCashinAdvance.com, the largest provider of merchant financing solutions, released a fresh poll showing the demand of business owners today for alternative financing options from traditional bank loans. Many businesses finance day to day operations and ipay system payroll funding with short term bank loans.
A new poll by Merchantcashinadvance.com shows 76% of business owners indicated they would “seriously consider” an alternative to such financing if approached. A merchant cash advance option was indicated by a majority of business owners as favorable due to the fast approval times, larger funding amount, and the lack of a credit check requirement.
“Business owners using ipay payroll or competing systems find it necessary to borrow short term cash to meet payroll needs. A merchant cash advance offers much more flexibility to the business as the funding amounts are larger and no collateral is required,” said Jason Loews, VP or Operations for MerchantCashinAdvance.com.
Most business owners in need of financing do so in order to acquire additional supplies from large wholesalers or to fund payroll using ipay systems. Merchant cash advances aid business owners in keeping up with the marketplace by planning for emerging trends and tastes while keeping employees active and happy.
A large portion of respondents, 86%, said their relationship with their bank has soured since starting traditional bank funding programs. MerchantCashinAdvance.com’s data shows that 92% of business owners would choose a merchant cash advance to fund ipay payroll funding a second time versus 43% of business owners who would choose a second bank loan. Jason Loews said, “The ease of a merchant cash advance and the large funding amounts brings a lot of our customers back to expand their business to more locations.”
Inquiries On Merchant Cash Advances: 877-898-7303