The merchant loan is funded the same day of applying, while not requiring a credit check. The program is solely based on the business's performance, rather than its credit history.
Past News ReleasesRSS
Ft. Lauderdale, Florida (PRWEB) September 29, 2011
This week the first no interest merchant loan has been introduced to the small business lending environment, and has already funded nearly 600 businesses in only 4 days, announces Merchant Cash in Advance.
The entire unsecured business loan industry has certainly skyrocketed in recent months, being no surprise to many, as the business loan denial rate in the US close to 92% in 2011 thus far. Merchant Cash in Advance announced its most popular merchant lending program as of yet, a no interest merchant loan.
The no interest merchant loan has gained its popularity primarily because the high approval rate, along with its 99% approval rate for all American business owners in business for 3 months or more.
The merchant loan is funded the same day of applying, while not requiring a credit check. The program is solely based on the business's performance, rather than its credit history. It is taylored for small businesses, as $750,000 is the maximum borrow limit for first-time businesses.
Surprisingly, the no interest merchant loan program is not restricted to any type of business. Most Merchant Cash Advance Companies of the past have restricted their lending programs to restaurants and similar businesses. Since this is not considered a merchant cash advance (while having a 3 year pay back period vs. typical 4 to 6 month merchant cash advance payback periods), this particular business lending program has set itself apart from all others.
No Interest Merchant Loan Inquires are to be made at 877-875-0231.