(PRWEB) January 07, 2013
Merchant cash advances are now being offered via the website MerchantCashInAdvance.com one of the largest merchant cash advance websites, it was announced today. Small and medium sized businesses can now apply for merchant cash advances online. By visiting the website http://www.merchantcashinadvance.com business owners with an established history of monthly credit card sales receipts can obtain a cash advance loan on the value of receipts from credit sales.
A merchant cash advance or business cash advance, is a payment to a business and the business agrees to repay the cash advance with future credit and debit card sales. The arrangement will allow the merchant cash advance company to be repaid from the daily credit card revenues of the business. The payment is arranged via the businesses credit card processor, which clears and settles the merchant's credit and debit payment transactions.
A company considering applying for a merchant cash advance will often not qualify for a bank loan. This can be for several reasons such as the length of time the business is open, as most banks and the Small Business Association will want the business to have at least two years of profitable operating history before they will consider lending money to a small or medium sized business.
Other reasons a business may seek a merchant cash advance is due to personal credit rating which might make a traditional bank buisiness loan more expensive due to premium interest rate payments based on the owners poor personal credit score. A merchant cash advance company such as MerchantCashInAdvance.com will often look at the length of time a business is in operation and it's revenues rather than at the individual owners personal credit score.
Banks and the S.B.A. will also have a minimum loan amount that they will offer to small and medium sized businesses. The banks will often have a fee for the loan that a merchant cash advance will not, thereby saving the business additional money. While it would seem smart to obtain a loan larger than what is needed, it can actually hinder any successful growth the business is trying to foster by paying back additional interest and capital over time, eating away at bottom line profits.
A merchant cash advance is a much better financial solution for small and medium sized businesses within the United States. With no collateral to back the business cash advance, business owners do not need to worry they will lose their equipment vital to day to day operations. Another benefit of a business cash advance loan is that unlike a commercial loan, the application process is very simple. Merchant cash advance companies look at credit card revenues and months in business.
Be sure to visit MerchantCashInAdvance.com to find an online application for fast business cash advance.