If you’re an entrepreneur, having an extra $2,500 to $150,000 could do a lot for your business. You could buy moreinventory, purchase new equipmentandfurniture, open another office, step up yourmarketing, pay employee salaries. The list goes on and on.

The only thing is, 92% of business owners are refused loans from traditional lending due to lack of collateral, insufficient time in business or the business owner has less than perfect credit. At a time when it’s almost impossible to get a business loan from a bank, where does a struggling small to mid-sized business go?

The answer may lie in a merchant cash advance. Providers of merchant cashadvances givesmall and mid-sized businesses the working capital they need in order to expand and grow their businesses. As opposed to traditional lending, no collateral or personal guarantee is required. Instead, amerchant cash advanceproviderpurchases a portion ofa business’future credit card sales.These assets, which traditional lenders overlook, allow business owners to access capital quickly and easily without leveraging their homes or personal assets.

With a merchant cash advance, even ifa business owner’scredit is less than perfect,theycan get the cashthey need fortheir business within 10-14 days. Thanks to a revolutionary approval method for business financing, there are no personal guarantees, no credit application fees and points, no traditional collateral, no fixed payments, no hidden fees , no balance sheet entry needed, and the business owner can choose their payment plan and use the cash any way they see fit.

While there’s a 95% approval rate, there are nevertheless a few guidelines that must be met. For instance, a business owner must be current with their landlord and have no open bankruptcies in the last 12 months, they must have a merchant account processing Visa and Mastercard for at least 60 days and they have to have been in business for at least four months with a Visa/Mastercard volume of $2,500 per month.

Need more information on merchant cash advances? Go to www.dezzirae.com or call (818) 642-9343 to learn more.

Author: Dezzi Rae Ascalon
Article Source: EzineArticles.com
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