Back in the yester years , many businesses big or small had a ‘cash only’ policy. Purchases were made and services performed only if cash changed hands. These days more and more businesses tend to fail in dealing with fiscal upheavals, as they tend to rely on local banks for a business loan. As a small business owner you need to be smart about how you handle non- cash transactions , how you keep the money flow swift and smooth and how you manage payments to your employees.A Merchant cash advance is the best alternative solution for financing for small businesses. If a business wants to prosper they should not consider in cramping their brain cells over bank loans application, and being disappointed on rejections. As the banks have been tight with their money since the beginning of the credit crisis in late 2007. During the recession the credit has just gotten tighter. Recently, President Obama’s administration strongly urged both large and small businesses to increase their lending to small businesses in order to stimulate the economy and speed up economic recovery. In that case, merchant cash advance works well, when a small business gets Merchant Cash Advance the cash flow increases the working capital, increasing the business in general.
Benefit Of Merchant Cash Advance
The most beneficial thing for small businesses is that when they have slow business sales month their payment to advancing company is lower since they collect a set percentage of credit card sales. Another plus point is there’s no specific due day to be paid off, it is paid when you get paid. Cash payments ensure that businesses receive funds immediately. With each transaction, your business immediately receives the appropriate payment amount without the worry of waiting periods or not getting paid at all.Cash is the simplest form of payment and therefore involves less bookkeeping. For a business, that not only means less stress and hassle, but it also may save money in the time and labor it would take for a bookkeeper to record other payments methods.There is limited risk of fraud when accepting merchant cash advance. Merchant cash advance for small businesses allows a business owner not to have to worry about fees associated with other payment options.
As a result of tight bank credit, small businesses are turning to Merchant cash advance for their financing needs. A merchant cash advance is a lump sum advance of money to the small business against future credit and sales.
Is It A Good Idea To Get Merchant Cash Advance?
Merchant cash advance is indeed a great financing source for small businesses. A merchant cash advance is type of receivable financing, it is targeted receivable financing with only receivables used through credit card payments. The biggest plus point of this idea is if a small business goes out of business, the advancing business takes the loss. In other words you are backed up by no collateral loan by Merchant Advisors.
During the time of recession when 33,000 small business owner get rejected by the banks, Merchant Advisors takes stand for these businesses and provide immediate cash flow with increase business funding. Small business survival is necessary to the recovery of the US economy. Since the credit crisis began, small businesses are making wiser decision by allowing massive cash flow with merchant cash advance .
Have you have been a small business owner scrambling to replace bank loan financing? Then Merchant Cash Advance Is your gate way to success.