A good relationship with a Merchant Account Loan provider is critical for any business owner in today’s market. They provide alternative financial products to help business with their growth, increase cash flow, or to take advantage of opportunities, as well as merchant account services.
A merchant account loan is easy to qualify for, provides flexibility to your business, and can provide you with the cash you need in as little as a week.
Why Banks fall short
As you are aware, many banks have gone out of business or have been consumed by larger institutions, therefore increasing the credit crunch. More banks went under in 2010 than ever seen in history and the FED anticipates there will be several more.
Due to the economic turmoil banks are not very solvent, and the money they do have they are not letting go of. Even with the small changes that have been made, the benefits are yet to trickle down to small business owners. Assuming you have the credentials required by the bank to be approved, it can still take weeks to receive the approval, let alone the funds; not to mention you will be limited to what you apply the funds toward.
The money is yours
When you take a merchant account loan, the provider assumes you know, better than them, what your business needs. Not only are your chances of getting your loan better, your repayment terms are more manageable. The arrangement is such that you pay back a specific percentage of your credit card sales towards the loan. The payback period usually runs between four and twelve months.
With your merchant account loan you can expand your business, purchase needed stock, or develop a new marketing campaign. The choice is all yours.
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Topics: Finance | Comments Off
Tags: Business Advance, Business Cash Advances, business loans, credit card processing, entrepreneur, Finance, Merchant Account Loan, merchant advance, Merchant Capital, Merchant Cash Advances, merchant loan, merchant processing, small business loans, working capital
MLA Style Citation:
Rabah_, Rodney "Benefit From A Merchant Account Loan." Benefit From A Merchant Account Loan. 23 Jun. 2010. uberarticles.com. 15 Aug 2014 <http://uberarticles.com/finance/benefit-from-a-merchant-account-loan/>.
APA Style Citation:
Rabah_, R (2010, June 23). Benefit From A Merchant Account Loan. Retrieved August 15, 2014, from http://uberarticles.com/finance/benefit-from-a-merchant-account-loan/
Chicago Style Citation:
Rabah_, Rodney "Benefit From A Merchant Account Loan" uberarticles.com. http://uberarticles.com/finance/benefit-from-a-merchant-account-loan/
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