Dealer Fast Cash Advance providers lend money to small and medium businesses that accept credit sale. Part of the loan is to buy every time a customer uses a credit from the business paid off. A certain percentage is taken of the transaction and the balance of the advance payment until they paid. Why choose many companies, credit card pre-financing compared to conventional loans?
New Businesses Need Money
New companies need money for a variety of reasons. From paying for the inventory to investment in computers, new businesses need to spend money to take profits. Sometimes new businesses fail because they do not have enough capital to invest. Often, traditional lenders only with companies in the business for a year or longer. You want to prove detailed documentation, your company is stable.
When new companies are not qualify for loans to businesses they might otherwise filed immediately. Credit card cash advance is easy to get. Nearly 90 percent of businesses qualify for cash advances. Most cash advance lenders only require your company has been in at least two months apart. You can use the money you need without having to wait a year or more, to show your business is located will receive.
Traditional loans require extensive documentation
Traditional loans for entrepreneurs often extensive documentation. A business plan or proposal may be required. The loan packages are several pages long. You ask a lot of questions about your credit, business and why you need the money. Some even have restrictions on how you set to spend the loan proceeds.
A cash advance is short and simple. The two-page application requires only basic information about your company. The only additional documentation is required proof of yourConducting business at least $ 4,000 in credit sales per month. Instead of sinking paperwork, your application immediately, so that you completed cash back instantly. There are no restrictions on how you spend your cash, so that you can use it for any purpose, to benefit your business from it.
Cash advance loans are quick
Entrepreneurs wait weeks or even months if they work with a traditional lender. At the time the loan proceeds arrive, the business could have been fighting to open its doors. The endless paperwork takes time and effort. If your company does not qualify for the loan, you must start the process all over again with another potential lender.
Cash advance loans are quick and easy. You just fax a short application with four months credit card statements. Your company must qualify a minimum of $ 4,000 in credit sales each month for the loan. In about 24 hours, you get a contract to review in detail the terms of the loan. Once the contract is signed, loan proceeds will normally be issued within 48 hours. It only takes a few days to apply for a cash advance and get cash for your business immediately.
No need for perfect credit
Many smaller companies do not have enough credit to qualify for a traditional loan. Other companies go through tough times and have bad credit. If you do not have the security or collateral, this may be an even bigger problem. While these companies most need the money, it maydifficult to get from the typical lender. Without significant capital, your business could suffer or even withdraw from the business.
There is no need for your company to perfect credit to qualify for a merchant cash advance. If you are in business for two months or more and have no outstanding bankruptcy, you may be eligible for a cash advance. Just show $ 4,000 or more in credit sales each month to ensure your ability to repay the loan.
Cash advance loans are easy to repay
Traditional lenders require a minimum monthly payment. If your company has a tough month, penalties and fees are charged for late payments. This can affect your credit rating and ability to borrow more money if necessary. Accidentally missing a payment, a negative chain reaction of events for your company can.
Cash advance loans are easy to repay. A percentage of the money owed is from every credit card purchase your company noted. If you have a slow month, you pay less, based on the number of credit card sales made. During a prosperous month, you pay down more of your loan. You can also add additional funds in less than 30 days after your first deposit. There is no need to worry about sending payments payment of fees or dealing with penalties. Everything is done automatically for you.
Your company deserves it, the money need if you need it most. Traditional lenders make it difficult to need the money for your company, for more progress. Similar to a cash advance business world moves fast.
