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Factors To Consider While Applying For An Unsecured Business Cash Advance

By Rodney Rabah

If you have spent the previous two years with your head in the sand, you may not know that the economy is struggling. Even if the pundits have said that the decline is done and we are moving towards better times, business owners in search of financing from small business loan specialists are still experiencing great challenges in obtaining money.

Perception Vs Reality

There is a widespread perception that small businesses are more expected to not succeed during these times. One of the most regularly quoted figures is that merely 1 in 10 new businesses make it to their fifth year. This legend continues even though research has, time and again, shown these numbers to be seriously false.

Recurring investigations have revealed that today’s small business close up not 90% of the time, but rather they shut down only 60 percent of the time, over a five year period. Those numbers are nearly identical to all other types of new businesses. So who perpetuates the fairy tale?

Persons in the know in the business community suppose it is the large banks that actually keep this urban legend alive. Why? By maintaining this fear, they are able to charge higher interest rates, offer less valuable conditions to entrepreneurs, and request outrageous levels of securities; and that is if they are even willing to lend money at all.

Where Can You Get Funds?

If you have finished your first year of business, then a excellent supply of capital is actually sitting on your counter. That credit card machine is directly linked to your business cash advance broker. They are willing to supply you with funds in the form of a credit card factoring agreement. You sell, at a discount, a portion of your potential sales to the merchant cash advance company and they supply you with the needed cash right away.

Factoring agreements seldom have any fees linked with the application, you are notified of your approval within a day or two, and the funds are made accessible in about 7 days. Now that you know that you don’t need to go to the local bank to finance your establishment, you have no reason to stall.

For years business owners have considered Rodney Rabah to be a great resource for information on Merchant Cash Advances. For honest answers and advice on Business Cash Advances visit him at Nations Advance.

Article kindly provided by UberArticles.com

Topics: Small Business | Comments Off

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Article Citation
MLA Style Citation:
Rabah, Rodney "Factors To Consider While Applying For An Unsecured Business Cash Advance." Factors To Consider While Applying For An Unsecured Business Cash Advance. 26 Aug. 2010. uberarticles.com. 31 Jul 2014 <http://uberarticles.com/business/small-business/factors-to-consider-while-applying-for-an-unsecured-business-cash-advance/>.

APA Style Citation:
Rabah, R (2010, August 26). Factors To Consider While Applying For An Unsecured Business Cash Advance. Retrieved July 31, 2014, from http://uberarticles.com/business/small-business/factors-to-consider-while-applying-for-an-unsecured-business-cash-advance/

Chicago Style Citation:
Rabah, Rodney "Factors To Consider While Applying For An Unsecured Business Cash Advance" uberarticles.com. http://uberarticles.com/business/small-business/factors-to-consider-while-applying-for-an-unsecured-business-cash-advance/


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