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BUSINESS ADVICE, SOLUTIONS, STRATEGIES
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Turn Future Credit Card Sales Receivables into Cash Today
A merchant cash advance is a financial service that enables a
business to receive a cash advance for estimated future credit
card sales.
The term "merchant cash advance" may be used to describe purchases
of future credit card sales receivables that enable a business to
receive short-term business loans.
The merchant cash advance is typically used for business purposes
such as purchasing inventory, upgrading equipment, renovations,
advertising or just meeting a cash flow short fall.
The amount of the business cash advance proceeds are usually based
on the volume of credit card processing the business produces on a
monthly basis, and can average from 100% to 150% of a month's
volume. For example, a business with $50,000 per month in credit
card processing that needs a cash advance, would qualify for
$50,000 or more with the full advance to be repaid over an agreed
amount of time. Repayments are derived or collected from credit
card sales at a rate of about 10%-20% per month until paid in
full. The great thing about Merchant Cash Advance is that there
are no fixed payments; you’ll never be charged interest
on the debt – you’ll only ever repay the sum that’s agreed on
upfront, and not a dollar more (unless penalties are
incurred). Another great thing it’s that it is not a loan,
but more like a form of receivable factoring.
See what favorable business cash advance rates are waiting for
you. You'll get rates which are not usually available through
other companies. In the
"Products and Services Provided" message box; add, "I
want a great rate on a Merchant Cash Advance."
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