The Benefits of Accepting Credit Card Payments
Owning and managing a business is not simple. You need to have capital to set up your office, buy equipment, hire employees and most of all keep the company running smoothly in the initial days waiting for business to pick up. It is at that time that most businesses end up going right through their capital without a second thought. After a while, it becomes obvious that you will need some sort of business financing. There are several options for small business owners to receive financing such as bank loans and SBA loans but, if your business accepts credit cards as a method of payment, then you have the option of applying for a business cash advance.
Based on the history of your credit card transactions, you could be approved for a business cash advance. There are several advantages to small business accepting credit card payments. For one it is the preferred mode of payment for many customers and secondly it opens up additional avenues for you – allowing you to accept payment via phone or the internet. This improves the numbers you have to show on your balance sheet. When you receive a business cash advance, there will be a small fixed payment deducted from your credit card sales daily until you pay the cash advance back in full.
This form of business financing is quite beneficial because there is minimal paperwork and no obligation. Your business could be approved for up to $250,000. There is no collateral and no hidden fees. Everything is transparent and in the clear.
In order to qualify for a business advance you will have to be a functioning business for a while and will have to show credit card payment history. Once you have done this, you will be able to get working capital within days of approval. With the assurance that your sales will cover the amount, you do not have to worry about being made personally liable to handle this type of financing.
The main idea is to find a financing house that is reliable and which puts all its cards on the table. Read through your contract document clearly to ascertain that all is in place.
Merchant Cash - About Author:
Welcome to Merchant Cash And Capital, MCC is a leading Business Cash Advance provider and can get you access to up to $250,000 dollars in just 72 hours. A Business Cash Advance is the perfect alternative to merchant loans and small business loans. There are no application fees, no restriction on use of funds, minimal documentation and fast approval and funding in as little as 72 hours.
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