Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

A fast way to quick cash

By Joseph Richard Subscribe to RSS | May 14th 2012 | Views:
loading
 
  



If you are wondering which would be a better bet for a quick infusion of cash then the answer would definitely be a merchant account loan. Irrespective of whether you are a professional with your practice or an entrepreneur, chances that you need some quick cash in the course of business are high. You may of course qualify for a commercial business loan but more often than not these are mired in local red tape. The chances of you then getting a loan quickly would be next to impossible.

So how then can one use a merchant account loan in order to get some cash fast? Here are things to consider – when you approach a more traditional form of lender you will find that loan amounts have become very restrictive. Similarly the kind of paperwork and documentation needed is rather high. Coupled with that the need for underwriting and a certain amount of collateral means that you may not even qualify for a loan.

One of the main plus points that merchant account loans have going for them is that they are not affected by market credit crunches. They function independent of banks and therefore are not regulated by them as far as interest rates go. The lenders are always willing to make a loan. They however would not like to term it a loan. According to them it is the purchase and selling of future sales amount.

In order to qualify for such loans, you need to have a few minimum criteria fulfilled. You need to be in business for around three months, have a legally legitimate business that you are carrying out, accept credit cards as a means of payment and make approximately $5000 in credit card sales.

The paperwork involved is rather minimal and you will have your approval in a 72 hour time frame. Once this is done you will have your money in the account within a week. Compared to commercial lending this is much faster. In a commercial outfit, approvals alone can take close to a month and you are never assured of it coming through. If you do get an approval, then the release of the money into your account will take an additional period of time and further verification of documents.

The good part of a merchant account loan is that repayment is based on a pre-determined percentage. Should you not have good sales for a particular month, payment can be held back. You have anywhere between six months to a year to repay the loan based on how much you have borrowed.

Joseph Richard - About Author:
Since 2005, Merchant Cash and Capital, LLC has been one of the nation’s small business cash advance funding leaders. MCC has helped business owners who need funding and can’t wait for a business loan. Bad credit business loan options with merchant cash advances made simple. For more information please visit MCC on the web at www.merchantcashandcapital.com.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/a-fast-way-to-quick-cash.htm

Related Business Articles Subscribe to RSS

Business suites and modern offices at a reputed Manchester business centre to complement your thriving business
Published by John Smith on June 22nd 2012 | Business
If you have it, flaunt it. This saying holds true when it comes to finalizing a business suite or an...
 
Why have business valuation
Published by Grey Knuts on August 14th 2012 | Business
There are relatively easy steps that can enhance the value and salability of many, if not most busin...
 
Gurgaon calling for your business
Published by Atul Sharma on April 12th 2012 | Business
The write up is based on the real estate properties available in Gurgaon. It talks about how you can...
 
Are you looking for new Lifting equipments for your business premises?
Published by Mary Porter on July 5th 2012 | Business
Many companies in a huge range of sectors regularly have to work with extremely heavy items and equi...
 
Web promotion through online business directories
Published by Bizy Globe on December 1st 2011 | Business
BizyGlobe, is a business directories which can give you information about any type of business or bu...
 
Need for business electricity
Published by Ashish Pandey on January 21st 2012 | Business
Business electricity needs should be properly fulfilled within a restricted business electricity pri...
 
Free advertisement by Service Uncle for your business only
Published by Uncleservice on April 14th 2012 | Business
Every business needs promotion, according to its services and products in targeting area. There are ...
 
Avoiding the down sides Involving Corporate and business Homes
Published by Andrew Sebastian on July 30th 2012 | Business
When you go for a vacation, it would be a good idea for you to save a lot of money by preferring to ...
 
Business News in Hindi- Making business easier
Published by Poojarajput on June 1st 2012 | Business
Every individual today, is keen on knowing what is happening around them and across the globe. It ha...
 
Affordable SEO Services to help your business progress
Published by Tammi Hogan on December 16th 2011 | Business
Where to find affordable SEO services, and how to choose the best deals....
 
Best Business Attorney: a requisite for the establishment of any business concern
Published by Bill Keith on April 27th 2012 | Business
The Best Business Attorney helps in the comprehensive juridical process right from the establishment...
 
Get all the precision measurement and calibration equipment you need ffor your business all under one roof
Published by Rossbrown Sales on January 17th 2012 | Business
Get all the precision measurement and calibration equipment you need for your business all under one...
 
Hypo Venture Capital Headlines: Know the tricks to get business loan despite debt
Published by Hypo Venture on January 14th 2012 | Business
After the recent economic meltdown, many business organizations have incurred insurmountable amount ...
 
Literature fulfillment and fulfillment ware housing major part of a business
Published by Diego Hall on January 24th 2012 | Business
Literature fulfillment and fulfillment warehousing are two things that are needed for a successful a...
 
Limited company advantages: the greatest defense for a business owner
Published by Crowin Smith on February 13th 2012 | Business
The business laws that govern the world of business have to be understood properly before taking fur...
 
Creating a franchise business plan to evaluate investing in a franchise system
Published by Marcus Tarrant on July 11th 2012 | Business
Franchise businesses have a key advantage over exiting companies. They are usually franchising an ex...
 
Help your business grow through Outsourcing
Published by Payroll1 on July 12th 2012 | Business
May it be a large business or a small one; the tasks that need to be taken up by the businessman are...
 
Advantages of hiring SEO Next professionals for your online business
Published by James Blee on March 3rd 2012 | Business
SEO Next professionals are in fact the most sought after among business establishments that are look...
 
How can seo los angeles consultants can help your business become a success through Social Media Marketing?
Published by Jack on June 6th 2012 | Business
The techniques used in Social Media Marketing (SMM) when implemented properly will not just help you...
 
Order fulfilment houses are the helping hand for your business
Published by Diego Hall on January 9th 2012 | Business
Handling a huge business alone is an impossible task and hence some works can be outsourced to other...