In addition to having no credit requirements for approval, the new Merchant Factoring option for businesses funds the business applicant for 1 month's average gross sales the same day at 0% interest...
New York, NY (PRWEB) August 21, 2011
The 92% denial of small businesses in America for traditional business loans this year has resulted in the launch of a no credit check alternative financing Merchant Factoring solution by Merchant Cash in Advance. This innovative Merchant Factoring business loan has exponentially grown in popularity since its launch date, funding over $12 million USD in less than 30 days, according to MerchantCashinAdvance.
In addition to having no credit requirements for approval, the new Merchant Factoring option for businesses funds the business applicant for 1 month's average gross sales the same day at 0% interest, much like merchant cash advance options of the past.
Unlike similar merchant cash advance lending programs, this Merchant Factoring option allows a full 18 months to pay back the amount borrowed. With traditional business loan financing options becoming more and more difficult to attain, the fast increase in the Merchant Factoring program's popularity does not surprise most.
Merchant Factoring requirements for same day cash advance financing:
1.) Business must be US-based.
2.) In business 6 months or more.
3.) Proof of monthly business volume (invoice records or merchant statements).
4.) Maximum amount of funding for first-time applicants: $500,000.
Contrary to popular belief, businesses are not required to utilize credit card processing or have a merchant account to receive financing, unlike merchant cash advances.
Merchant Factoring Program inquiries are to be made at: 877-875-0231
Rebecca Randells
Editorial Columnist
USATalkToday
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