Business Cash Advance Blog
| There is Money for Small Business - Really, There Is | 06-Oct-09 |
I get so fired up when I read articles about the negative impact the economy is having on small businesses. It is a myth that there is no money available to help small business owners maintain and grow their businesses. There IS money available to merchants in the form of a business cash advance! This type of financing is proving to be a life line since banks are saying no, and lines of credit have diminished. A business cash advance provides up-front money against future credit card sales. Having the flexibility to reapy the advance through automatic debits from credit card transactions allows business owners to maintain a healthy cash flow while taking care of their ongoing business expenses. The ARC program is another funding source as well as community banks, but these alternatives have lengthy processes and strict requirements. Unlike traditional lending options, an established business that processes more than $5,000 per month in credit card sales can qualify for a cash advance program, and since the advance is based on credit card sales and not credit scores, businesses with poor credit are also eligible. |
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