Any business owner knows you need working capital and cash flow to fund your businesses goals and future plans. Relying on conventional banking can prove futile in today’s market, where establishing a line of credit or getting approved for a loan is more than difficult. Businesses across America are turning to these alternative financing programs such as Credit Card Funding, or Business Cash Advances, in an effort to satisfy their cash flow needs.
Trouble Free Process
Credit Card Funding companies will offer you an advance on your future credit card sales, for a lump sum of money today, based on your monthly credit card receipts. As long as you are in business for 6 months and have been processing credit cards, then you are pre-qualified. The amount of your advanced is determined by your monthly credit card sales volume.
Easy Access to Funds
Even if you had all of the paperwork together ahead of time, a conventional bank loan will take weeks if not months to be approved, assuming you are approved. Alternatively, Credit Card Funding takes less than 2 weeks from beginning to end. When speed is a concern, Credit Card Funding is a great choice.
How does it work?
With Credit Card Funding you are entering into agreement whereby you will receive a lump sum of money today, to be paid back to the Funding Company through a set percentage of your daily credit card sales. This is very flexible since you only pay a percentage of what you bring in. This is great for regular and seasonal businesses. When you make less you pay less, and visa versa. This leaves you will extra cash flow each month.
Any business owner can appreciate flexibility when receiving cash for their business. Credit Card Funding allows you to take advantage of opportunities and increase cash flow when you need it.
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Topics: Business | Comments Off
Tags: Business, Business Advance, Business Cash Advances, business loans, Credit Card Factoring, Credit Card Funding, entrepreneur, Merchant Account Loan, merchant advance, Merchant Capital, Merchant Cash Advances, merchant loan, merchant processing, working capital
MLA Style Citation:
Rabah_, Rodney "The Flexibility Of Credit Card Funding." The Flexibility Of Credit Card Funding. 24 Jun. 2010. uberarticles.com. 4 Aug 2015 <http://uberarticles.com/business/the-flexibility-of-credit-card-funding/>.
APA Style Citation:
Rabah_, R (2010, June 24). The Flexibility Of Credit Card Funding. Retrieved August 4, 2015, from http://uberarticles.com/business/the-flexibility-of-credit-card-funding/
Chicago Style Citation:
Rabah_, Rodney "The Flexibility Of Credit Card Funding" uberarticles.com. http://uberarticles.com/business/the-flexibility-of-credit-card-funding/
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