The Merchant cash advance industry is getting more attention in the small business community nowadays. In today’s recession economy, the credit markets remain tight and banks are simply not making it easy to attain loans. As a result, many small businesses find it extremely difficult to attain financing. There exists an outstanding alternative to the conventional bank loan and this very issue; an alternative that small business owners need to take very seriously. The alternative is the merchant cash advance, which is both a viable and legitimate source of funding. Many business owners are completely unaware of how the program works and how it can actually benefit their business. Whether it be a general lack of proper marketing and awareness by the merchant cash advance industry as a whole, or whether there are business owners that read about the few bad apples in the industry, if you are a small business owner, you seriously need to educate yourself about the merchant cash advance program. While it is true that there are a handful of companies out there that do not conduct business appropriately – they absolutely do not represent the industry or product as a whole. There are many, many reputable and outstanding firms out there that can help your business grow by providing your business with a merchant cash advance, which is – essentially – capital that banks refuse to give you. BankCard Funding, a direct funding company located in Syosset, NY is one of those reputable companies that have an ever-growing list of pleased clients, and are taking the merchant cash advance stigma to task by proving day in and day out to serious small business everywhere, that its custom and strategic merchant cash advance program is a legitimate, safe, smart, and strategic method of financing.
Merchant cash advances from BankCard Funding can be an actual life saver for many small businesses. Small businesses can use the funds to stabilize, grow and seize new opportunities. A merchant cash advance is when a funding company, like BankCard Funding, purchases the future credit card receivables of a small-business in need of financing. It is not a loan. A business owner who accepts credit cards for sales and has been in business for at least a year is most-likely eligible for a merchant cash advance up to a million dollars.
When you partner with a merchant cash advance company like BankCard Funding, it’s easy to see the benefits of this form of financing. Small businesses are the major engines and wheels of our economy. Sadly and factually, many small businesses are forced to close their operations because banks refuse to provide them with the funds they need to operate their business smoothly. The success of small businesses depends on their ability to seize opportunities as soon as possible. They need to respond quickly to continuously changing trends, fashion and tastes. Quick access to working capital is therefore crucial for the health of the small business industry.
BankCard Funding provides financing without collateral. With traditional bank loans, your credit score affects your ability to obtain the funds. Business cash advances are provided only on the basis of your monthly credit card sales. Your credit score does not affect your ability to receive the funds. Traditional bank loans require a lot of paper works, so it is often a time consuming and painful process. BankCard Funding requires very little paperwork and releases funds within a week of submitting the application. Traditional loans follow a fixed repayment schedule. You need to face the pressure of paying a fixed amount every month, even if your business lulls in a month. BankCard Funding offers you the flexibility to repay the money. If your business is in a dull phase in a month, the pay back amount decreases proportionately.
The Merchant business cash advance industry has grown tremendously in the past ten years. If used for the right purposes and under right conditions, it really can offer you plenty of benefits and efficiencies for your business. If you have established a new business recently and maintain a steady stream of credit card sales, you may be faced with cash flow challenges. You may need to wait for customer payments to invest further in your business. As your business is growing, you may not even recognize the cash flow crisis in the initial stage. BankCard Funding can offer you the best solution to avoid all these issues. It helps you manage fast growth without worrying about cash flow issues.
Any unpredictable event could impact your business severely if not dealt with immediately. You need quick money to fix such problems and it is impossible to wait for the normal turnaround times associated with a traditional loan, that would anyway likely result in a rejection. The Merchant cash advance industry as provided by a serious, reputable company like BankCard Funding should be taken as a mainstream financial option. BankCard Funding makes the process of obtaining merchant cash advances painless and straightforward.
For more information about BankCard Funding’s merchant cash advance program, please call 888-221-4545 and visit www.bankcardfunding.com.
