In this article I am going to erase fears and misconceptions that some people have about merchant cash advances. A merchant cash advance is an advance given to based upon the merchant’s future credit card sales. It is a fantastic way to obtain the working capital that you may need for any reason. In this article I am going to erase 3 myths that some people have about merchant cash advances.
Myth #1 “Merchant Cash Advances Are A Last Resort”
While it is true that these types of advances work very well in emergency situations, they also work in many other situations such as when lucrative opportunities arise and fast cash is needed very quickly. These advances are a outstanding way to raise funds that are needed in order to meet the growing capital needs of your flourishing company. It also works very well when you need a quick infusion of cash in order to meet certain obligations. It is very flexible tool that can be utilized for many different reasons. It can be used to meet payroll obligations, pay off taxes, purchase new inventory, for marketing expenses, or simply to take your small business to another level. These types of advances are versatile and work well in many different financial situations.
Myth #2 “A Merchant Cash Advance is Too Expensive”
The great thing about this type of financing is its flexibility. You are not stuck with a fixed term loan which has a specific amount that has to be paid at the same time each and every month. You are also not incurring any debt as you are with the stringent terms of a bank loan. The way this type of funding is structured is that a small specific percentage of your daily credit card sales are taken out. What makes this financing tool so effective is that if your sales are low on a particular day, then so is the amount you owe on that day, and if sales happen to be high on that particular day, then the payment would also be higher. It is this flexibility that makes it an inexpensive financing option.
Myth #3 “A Merchant Cash Advance Takes Too Long”
This myth is completely false. This alternative financing option is actually one of the quickest ways in the financing arena, to obtain a fast cash infusion of working capital that exists today. The great advantage about this form of financing is that It can be approved in as little as 24 hours and the funding can be wired into your banking account, in as little as 3 to 7 days later. The paperwork is minimal and the process is very quick. Compare that with a bank loan which can take weeks even months just to obtain approval.
Conclusion
If you have a cash flow problem and you need quick cash to meet your obligations, a merchant cash advance is your best funding option. It is simply the fastest and easiest way to get the cash flow and liquidity that you need to run and expand your business. There is no hassle of a long application process and you can get the needed cash in a matter of days not weeks or months. When cash flow is a problem a merchant cash advance can be your best solution.
Richard Lonschein is a attorney who has practiced business law for 9 years. He is also the owner of The Business Financing Group which helps companies of all sizes, obtain financing through Factoring and Merchant Cash Advances. For more information visit.
oklahomacommercial
web-arhive
bjrcgz
jobs
svensksegling
danielnoethen
cheng
championpetfoods
megnicholas
mu-varna
shicilaus
pngwing
cccpi
todaysmeet
suizhou
hoover
booknode
framesdata
flickrbadge
indonesia-tourism
affcpatrack
compilertools
slayedbeauty
okstore
rankactive
cityvox
obis
ndsas
balikesirzafer
ipv6
nowcommerce
west-norfolk
mifotra
titansoft
vdab
everylastdrop
springtour
ortecadscience
werbeagentur-blauzweig
zhanhuigang
ynccla
surfacedesign
rsvsys
yalisyj
xjht
gootek
comme-avant
relookeur
communitycommons
hamiltonbroadway
healthfeedback
foddy
haojio
bitsup
altisource
kmbbb34
baldwinfilter
spis-online
gnivc
138gzs
codings
zzgx
extrabux
telecable
94cb
richter
eventpower
truthaboutpetfood
adtech
socialcast
lycos
