Credit Repair Franchise
Automobile Centers Business cash advances up to $ 750,000
A car business before cash or cash advances merchant could put remedy your small business needs an injection of working capital. As the economy weakened, many businesses have the need for a cash injection and / or working capital to get through these difficult times.
Since banks have tightened their credit standards and less money is out there, small businesses have to find alternative ways of obtaining credit. In the past, rising home prices and easy credit era a way that many small businesses were obtaining capital. Because of the housing slowdown and problems in the banking community, this is no longer an alternative for small business. An alternative to this cash flow and / or working capital problem can be solved in the business cash advance or merchant area cash advance. This industry is based on a different set of rules that we describe below ..
First, what is a cash advance store? . An established company operating for a year or more with visa and mastercard sales can qualify for a loan or cash advance your business in the past $ 150,000 from a financial institution and $ 750,000 or more for the location of a true merchant cash advance company. The monthly average visa and mastercard sales x 1.5 will be a qualifying amount that the lender will finance up to. Here is an example for you, assuming that their average monthly $ 50,000 for business visa and Mastercard sales during the past year. The financial institution that will use $ 50,000 x 1.5, therefore your lending base will be $ 75,000 for this example. Pretty neat, bet you did not know that these programs were even there.
For this program to advance discussed today, this program allows you to obtain 1.25 x your monthly average Master, Visa, Discover and American Express. This program is buying a piece of their future cards based on their past performance. The amount of refund is a fixed percentage of what you collect subsequently. Furthermore, this program will advance to $ 750,000.
Here is an example of this program, let's say your average monthly sales average credit cards average U.S. $ 100,000 per month and the company before OKS an advance of $ 125,000. Apply a percentage of this amount 15% and after funding, every credit sale collected will be paid 15%. If you have a good or a bad day, the percentage is always the same. This process will continue until the amount is paid. Once you pay 80% the advance, you can apply for another advance.
This program is not Fico driven which is one reason many companies are not eligible in the bank today. This program requires no additional guarantees and personal guarantees. Normally, these cash advances are paid in months not years. This program requires no that statements of personal income taxes and other asset documentation … No application fees and / or this advance does not affect to its current line of working capital in a financial institution if applicable .. One thing you should bear in mind, this merchant cash will be undertaking before need to change your current processor. We also guarantee to beat the rates they pay now and offers other benefits to help you in any resistance that may have ….
Another benefit of this program is that you can use these funds for any purpose you had in mind. Whether expansion capital, pay overdue bills, debt consolidation, new equipment acquisitions, buying new inventories, etc, is your decision ..
The types of industries this business cash advance program covers are: car centers, individually owned shop franchise auto repair shops automobile, car accessory shops, car washing facilities, tow truck companies, all auto parts, accessories, services, etc
Requirements for this program is underway for the applicant to fill the cash advance application and fax the summary page their last six months merchant statements to the merchant cash advance company.
The approval process takes as little as 24-48 hours and funding within 7 business days
Happy hunting for your money ….
About the Author
Rick has over thiry years in the financial field, including leasing, working capital and hard asset money loans, and commercial lending.
U.S Corporate Capital Leasing assists the startup and the seasoned business for financing in all different types of industries. http://www.cclgequipmentleasing.com/business-cash-advance.htm
Credit Repair Franchise Illinois
