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Tapping the potential of your future credit card sales

Businesses need working capital to function. In a sense, working capital is the grease that keeps all businesses running smoothly. Without it, they would cease to operate smoothly and get further and further behind their competition.

We need working capital for things like paying bills, buying inventory, marketing or making payroll. What generally happens to the many businesses that try to function with a deficit is that they dig themselves into a hole that becomes more and more difficult to get out of.

Many businesses in the past have relied upon easy access to short-term bank loans for their working capital needs. Sadly, those days are behind us. It has become increasingly difficult to get a bank loan regardless of our credit history. For those businesses suffering with credit issues; it has become nearly impossible.

Luckily there is an often overlooked source of working capital that even those with poorest of credit can take advantage of. This source is your future credit card sales, and the way to gain access to their potential is through a business cash advance.

How it works

• First thing they do is determine your projected monthly credit card sales by looking at your merchant statements from the past 4 – 6 months.
  
  
• Once they determine your projected monthly credit card sales, they will advance you somewhere between 1.5 times to 2.5 times your monthly average. The amount they advance you also depends on your monthly gross sales.
  
  
• In order to pay back the advance, they set up your credit card processor to automatically take a small percentage of your daily transactions. This is usually somewhere between 10 and 20 percent.
  
  They continue to do this until the advance is paid off. It generally takes somewhere between 6 and 9 months to pay back the cash advance.

Once you are about 50% paid off; you become eligible for additional funds. And once you have established a relationship, the money becomes available much faster.

Use the form on this page to get a FREE quote to see exactly how much you qualify and what your terms will be.

Additional articles:

• A merchant cash advance is not your daddy’s loan
• Tapping the potential of your future credit card sales
• How to Spend Your Business Cash Advance
• Using a Business Loan and a Merchant Cash Advance at the Same Time
• How Fast is a Merchant Cash Advance?
• Getting the Most from Your Merchant Cash Advance
• Exactly how long does it take to pay off a merchant cash advance?
• When Times Get Tough, the Tough Go Shopping with a Merchant Cash Advance