There is a new small business loan option in town and it has nothing to do with Tarp Money or Government Bailouts. It’s call a Merchant Cash Advance and is offered by most Merchant Services companies like Genesis Capital Enterprises.
Merchant Service companies process your credit card payments and offer other payment solutions like eCheck and EBT. So it only makes since for them to offer lines of credit to business that accept credit cards, since they have to process your electronic payments and can get paid back off your future sales.
Merchant Cash Advance companies take a small fixed percent of each transaction to as a payment towards the cash advance. A few of the key features for this type of business financing are no personal guarantees, easy application process (90%-95% approval rate) and you pay back the loan on your future credit card sales.
This type of business financing really is a smart choice if you can’t get approved by a traditional small business loan or if you don’t want to feel the pressure of a large monthly payment. The Merchant Cash Advance get’s paid back on your future sales. This means if you have a slow month then your cash advance payment will be lower.
Learn more at: https://www.genesiscapitalfundinggroup.com/apply.php
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