subject: Restaurants Receive Financing With A Merchant Cash Advance [print this page] If you are a savvy CEO, you will create a healthy affiliation with a merchant cash advance broker. You can count on them to supply you with a selection of business related products that can assist in the success of your company, such as a merchant cash advance.
These advances are easy to attain, tailored accordingly to your business model, and give fast capital for needed operating costs in an inexpensive manner.
Why not the usual bank?
If you have watched the fiscal news lately, you will be conscious to the reality that financial institutions are fading at an inconceivable pace. In fact, in 2010 more banks have closed during the initial economic quarter than ever seen previously and the Fed suspects that the year will see more local banks shut their doors than in any time in history.
Not only are our local banks unsound, they are holding on to what monies they do have very tightly. Small indications of change are hopeful, but not enough for most business requirements. Even if you do eventually meet the criteria for a bank loan, it can take weeks to process and you must offer collateral as well as a written promise that you will only apply the money on exactly what you discussed with the financial institution, even if the need has altered.
Getting the working capital you need
When you receive a business cash advance, the broker acknowledges that you know better than them what your corporation needs. Not only are your chances of obtaining business cash advances better, your repayment terms are more reasonable. The arrangement is such that you pay back a set portion of your credit card sales towards the loan. The payback period usually equals between 4 and twelve months.
With merchant cash advances you can enlarge your corporation, obtain mandatory goods, or start a new marketing campaign. The option is all yours.
by: Rodney Rabah
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