There have been various merchant cash advance programs around for a while. This is the FIRST no interest business factoring model loan in America...
Costa Mesa, CA (PRWEB) August 20, 2011
A recently launched business cash advance program requiring no credit check gains popularity among small businesses in the US. The program allows businesses to receive future sales revenue in advance as a cash advance, no longer requiring credit approval. Many US businesses have become members since its launch earlier this month, announces MerchantCashinAdvance.com.
The Cash Advance campaign has grown in popularity in less than 30 days, mainly by word of mouth. This new program guarantees the approval of any company that has been in business over 6 months, without requiring a credit check. Unlike every other previous business factoring advance program prior to this, this no interest business factoring option lets any business pay the loan amount back over the course of 12 months or more.
"There have been various typical Business Factoring programs around for a while, but typical factoring programs usually just set the majority of businesses up to fail. The concept behind a cash in advance option is to ultimately keep businesses alive while allowing steady growth... most merchant cash advance companies have seemed to forget this. This is also why we allow a 18 month payback option, without processing restrictions or changes," stated Janice Nickels, VP of MerchantCashinAdvance.com.
Almost every other Merchant Cash Advance company besides MerchantCashinAdvance allows only an 11 week payback period, taking a majority of all earnings until the cash advance is paid in full. This recipe for destroying business is all the more reason why this new Cash Advance Program has exploded in popularity across the US.
No Interest Business Factoring Inquires: 877-875-0231
Rebecca Randells
Editorial Columnist
USATalkToday
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