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Merchant Cash Advance to the Rescue
Merchant Cash Advance to the Rescue Times are tough for small business. Businesses have been closing their doors at an alarming rate. What makes this a particularly rough time for businesses is that they are getting it from both sides;
- ,li>Customers arent purchasing their goods or services like they used to.
- Banks arent lending them the working capital to get past these tough times.
This is what is known as a “double whammy”. This current financial crisis is causing a lot of sleepless nights for many small business owners. I have come into contact with people who are being forced to close their business that they have owned for over 30 years. I cant express the amount of pain that these people are going through.
For many, a business loan could have saved their business. But the banks are unwilling to loan money to any business that may show any sign of financial trouble. What is maddening is that these large banks were given our tax money to do just that; loan us money.
Fortunately, there is a business loan alternative called a merchant cash advance (or merchant loans). They arent perfect; but they come awfully close.
The advantages of a merchant cash advance
There are many advantages to a merchant cash advance. One of the most important is that they will give you money even if youve been turned down by the bank. Other advantages include;
- Good credit is not a requirement
- There is a 95% approval rate
- Approval takes about 24 hours
- You business is typically funded within 7 days
- No collateral is necessary
- Flexible payback structure
- Quick, easy application process
- You can get funded up to $500K
As you can see, there are many benefits to merchant loans. The only advantage bank loans have is that they cost less. But that doesnt do anyone any good if they cant get a loan.
One of the unique aspects of a merchant cash advance is the flexible pay back structure. Heres how it works;
In order to receive a cash advance; you need to enable your processor so that a percentage of your daily credit card sales are automatically used to pay back the merchant loan. Because they only use a percentage of your credit card sales; the payback is dependent on the amount of business you do for that day. That means you pay back less on slow days and more on busy days. They do not touch your cash sales at all. This takes a lot of stress off your business and creates an environment that is easy to pay back your advance.
Merchant cash advance providers is a growing industry. They have advanced hundreds of millions of dollars to thousands of small business.
It is always in your best interest to stay informed and to keep your options open. I have provided a link below so you can learn more about how a merchant cash advance can help your business.
Instant Payday Loan for Everyone to Assist in Hurry
Immediate expenses are a part of life. Some expenses like, car break down, high electricity bill, medical bill or some unexpected journey expenses come in one’s day to day life. To meet these expenses you need to have hard money ready all the time.
These is one category of loans that help those who need urgent cash to meet their unexpected requirement. These loans are also known as the cash advance loan. These loan products are gaining huge popularity in UK market because they involve no credit checks or faxing of documents in order to apply for these loans.
These short termed loans are given to needy people so as to meet their temporary requirements that arise due to unexpected events.
As in case of most other loans these finance products can be applied for Online. They are provided for the short span of time, that may vary between 15-30 days. In short, to meet short term financial crisis these loans are considered among the best loans. These products are said to be the easiest payday loan to get. Due to so many beneficial features, they are even preferred by businessmen when they are in urgent need of cash.
The instant payday loan are short termed loans which are mainly offered for the short period of time. They are meant to sort out the requirement of short term financial needs. To avail this they can be applied Online. The approval system is comparatively very fast and easy. So, the applicant do not has to wait for too long to get the amount transferred in the account. Their quick approval has made this product climb the ladder of fame in no time. One more reason for its popularity is its reduced fees for their process of approval. Another eye catching factor is, there is no requirement of faxing any document and also, you do not need to have clean credit record. These loans are given to both the home-owner as well as the tenants.
Other advantages of these loans
- They are easily accessible.
- The approval system hardly takes any time.
- These are available with affordable APR.
- They are unsecured form of loan, so any home-owners or the tenants can apply.
- Involves no documentation.
- Bad creditors are equally eligible to apply.
- No need to put any asset(s) on pledge for security reasons.
An applicant is required to have above 18 years of age with UK citizenship. A valid current bank account in a bank is another basic criteria for these loans. He must have a permanent source of monthly income, which ensures the repayment of the borrowings. You credit record does not play any role as anyone can apply.
The application process makes them special and popular. You will have to fill up an Online application form with required basic personal and professional information. Then, you will just have to submit your application and you will get the money within 24 hours of approval in your bank account.
With the instant payday loan one can keep away his daily life financial problem at bay. So, to meet your unexpected expenses smoothly choose this profitable deal and derive maximum advantages from it.