Business cash advance lenders: online content and offers just for you
Getting a bank loan is easier said than done – all kinds of red tape, formalities, guarantors and high-interest rates … enough to make a small business sleep.
Merchant Cash Advance or Small Business Financing – A new concept in the economic bloc is proving to be a savior for small business owners and entrepreneurs, even those with poor credit histories. The merchant cash advance via source: ACFA Cashflow is a small business loan that is sanctioned by your future sales by credit card and debit card.
The reputable and reliable small business finance companies have pre-approved a loan after understanding the nature of your business. They do not ask you to bring a guarantor or pay high hidden costs.
All you have to do is to have a merchant account with a minimum monthly transaction amount via credit card sales. Every day, an agreed percentage of your credit card sales will be used to pay off your commercial loan until the loan amount is paid back.
Use this capital from a small business finance company to manage, strengthen or grow your business or for any other reason of your choice. Until recently, business owners with poor credit histories have had a hard time obtaining small business loans when banks were the only source of financing for commercial loans.
But with the arrival of many private players in the lending market, it has become a lot easier to get a loan for your business. Regardless of the FICO score that you have managed to get in your credit report, bad credit small business loans are readily available in the market.
Caution: If you are looking for a small business finance company, pay attention to certain facts: check if the company charges a closing fee. There are no closing costs related to cash advances or small business financing. In addition, your bad credit history should not affect the approval or the interest rate. So, do not pay an extra amount to get approval.