Friday, October 10, 2008

Merchant Credit Advance

By Hess Dorsey

Can I apply again when I have repaid my first revenue advancement?
Yes, most renewals are funded in less than 24 hours! If you have experienced no change in financial status you will be approved automatically. As soon as the advance balance is down to approximately 20% of the original balance, you can apply again. More than half of our customers opt to do just that. You can renew by phone, fax, or e-mail.There are many payoff options available in the cash advance program depending upon the amount of money you receiveWe purchase your future receivables. Advance Co Financial's transactions are based on a previously agreed percentage of your future sales. A formula is calculated based on your cash flow projections.

How soon can I get the money?
Once your business is approved following the submission of your initial application submission your funds arrive in approximately 5-10 working days.Healthy, sustainable communities need businesses that provide quality, living wage jobs with benefits. Access to capital drives small business development and economic growth, and the Initiative Foundation provides gap financing which supplements owner equity to help businesses start up and grow.

How does the program work?
We purchase your future receivables. Advance Co Financial's transactions are based on a previously agreed percentage of your future sales. A formula is calculated based on your cash flow projections. Essentially we provide whats called a Revenue Advancement. You can actually monitor and manage your account on our affiliates Web site as often as you would like.Global Cash Direct will determine an amount you can receive based upon an average of your monthly Visa/MasterCard sales. Generally we fund between $1,000 and $500,000.You can usually qualify up to 120% of your average monthly credit card sale.

What is Business Cash Advance?
Business cash advance is the program used by some financial institutions/lenders to provide funding for the merchants on the bases of their future credit card sales. These sources purchase a pre-determined amount of Visa/MasterCard sales receipts and provide you with the funds that you need for your business.It is a lot easier and faster than a typical bank loan because there is NO complicated paperwork. Our Funding Specialists help you through the process in less than ten minutes. Our associates understand your needs and many have even owned and operated their own small businesses.

What can small business loans be used for?
Small business loans can be used for inventory or working capital; purchasing furniture, fixtures, machinery or equipment; construction, renovation or leasehold improvements; and the purchasing of the property for business.middot; Invoice Factoring: You can sell your pending account receivable invoices at discount to get fast cash for your business.The Ottawa County Planning Department maintains a Planning Resource Library that contains information about federal grant programs and other grant funding opportunities. Grants (free monies) are nearly non-existent for for-profit businesses. Grants are available only for non-profit corporations, charitable organizations and local units of government.

What is Invoice Factoring?
Invoice Factoring is the purchase and sale of accounts receivable (invoices) at a discount at or near the time of invoice creation, can help solve the small business Cash Flow Problem. Small businesses can sell their pending account receivable invoice at discount to get working capital for business operation.middot; Invoice Factoring: You can sell your pending account receivable invoices at discount to get fast cash for your business.Business cash advance is the program used by some financial institutions/lenders to provide funding for the merchants on the bases of their future credit card sales. - 15246

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