Business Cash Advance Blog
| Top 10 Reasons Why You Should Consider a Merchant Cash Advance Instead of a Bank Loan | 22-Oct-09 |
Here are the top 10 advantages of a merchant cash advance verses a bank loan: 1. Approval process is quicker. Approvals are typically made in 24-48 hours and funds can be ready in as little as 10 days. 2. Requirements are less strict. You just have to be in business for 9 months to 1 year, and process more than $4,000/month in credit card sales for the past 4 months. 3. Bad Credit is OK. Applicants with poor business credit can still qualify since approvals are based on credit card sales not credit scores. 4. No application fees. 5. No closing costs. 6. No collateral required. 7. No monthly payments. 8. No fixed payback time. 9. Amount owed remains the same for the life of the advance. 10. Merchant cash advances range from $5,000 to $300,000. Small business owners NEED to KNOW there IS financial hope beyond banks and credit card companies. Learn more about the benefits of a merchant cash advance by navigating our site or calling 866-411-0606. |
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