Merchant Cash Advance for the New Business Owner

Taken from the E-zine article by Gaston Castro

Opening a new business can make a new business owner feel liberated. The freedom of being your own boss paired with the excitement of doing something you're passionate about can produce an inexplicable emotion. But discovering you need more money for a business venture than initially thought is a common realization for new business owners. All the planning and budgeting in the world can't stop surprises and unexpected costs from popping up. When this happens, the feelings of liberty and independence can quickly turn into those of confinement and vulnerability.

Retail and service-oriented businesses have to deal with the costs of equipment, maintenance, payroll, and inventory along with countless other costly things that make starting a business such a difficult process.

If we lived in a perfect world where money grew on trees and flowed freely from water falls, there would be no problem (besides the inflation rate). But unfortunately, finding funds for a new business can be harder than finding Waldo on a children's book page. As a result, traditional methods of business financing often leave new business owners with a monetary deficit.

Though a merchant cash advance can not be used to open a start-up, it can serve a healthy helping of working capital to new businesses that have been in existence for at least four months.

If you've just opened your business, and you've noticed that a few extra dollars could do a world of difference, a Business cash advance might be the perfect route for you. If your business has processed a minimum of $2,500 per month in its short life-time, a business cash advance is not out of reach.

New business owners often find it harder to receive bank loans because they have not yet demonstrated a proven ability to run a business and successfully manage business funds. But what sets merchant cash advances aside from bank loans is lenders don't provide funds based on the borrower's past. A business's actual monthly credit card sales determine how much money a borrower can receive.

When a new business owner receives his/her business cash advance, he/she is selling the business's future credit card sales for an upfront sum. Once they receive the advance, a small percentage is deducted from the business's daily credit card sales until the advance repayment has reached completion.

This process is hassle free, stress free, and an easy way for new business owners to get the extra funds they need to cover unforeseen costs. Let a merchant cash advance put the joy back into your new business.

How to apply for a business cash advance?

Applying for a credit card cash advance is easy. There is very little paper work and you are typically approved within 48 hours. Let one of our credit card advance specialist get in touch with you today and receive a free, no-obligation quote! Fill out the form on the left or call (800) 277-1750 to speak with a specialist and get the cash you need in as little as 7 days.