Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Financing Programs from Paramount Merchant Funding

By Merchantpmf Subscribe to RSS | April 17th 2012 | Views:
loading
 
  



Lots of business owners are looking to expand their business in one way or another. Whether it be renovating the restaurant, purchasing more inventory for the store, redoing seating areas, or even expanding to an entirely new location, merchants need funding.

Unfortunately, many of these businesses happen to fall in business type categories that are not eligible for obtaining your typical business loan from a bank. Banks are looking for several major factors when considering a business for a bank loan.

First and foremost they want to know what type of business they are funding. Businesses which are in the service industry or are retail businesses statistically have higher rates of failure, and thus banks frown upon these risky investments.

Secondly, banks want to know how long the business has been operating. Underwriting standards have increased greatly since the economic recession, and thus banks usually don't lend money out to a business that hasn't been operating for 5 years.

Thirdly, banks look at profit and loss sheets to see how the business has been actually performing. If a business hasn't been growing steadily or has shown a loss, then most banks will not fund these businesses.

As a result, many business owners have turned to alternative financing sources that offer different types of funding options. Not all private financing companies offer the same types of programs, and Paramount Merchant Funding happens to offer several unique programs that can allow the merchant's business to grow.

The most popular program is the merchant cash advance program. Merchant's eligibility for this unsecured form of funding is strictly based off of monthly credit card sales and a minimum credit score rating of 500. Even business owners with sub-500 credit can obtain merchant cash advances through starter programs. Merchants can receive up to 150% of what they process monthly. One of the best things about this program is that the business owner only pays back the advance as his business makes money.

A newer program that has opened the last few years at Paramount Merchant Funding is the small business loan program. This funding process is based off of total monthly sales. Paramount Merchant funding realizes that not all businesses obtain their main income through credit cards and in fact many businesses operate off of checks. Thus small businesses are able to obtain cash for their business regardless of whether they are primarily a cash or credit run operation.

The best part about alternative financing is that it is a quick process. Where bank loans (if they are even appropriate) can take weeks or even months to process, Paramount Merchant Funding's programs are fast and require minimal paper work. This means that literally within 72 hours large amounts of cash can be in a merchant's bank account ready to use.

Finally these funding programs are unsecured. This means a lot for many business owners as there is no collateral or personal finance attached to this form of funding. This means that businesses can take a risk and chance which is required in all business practice, and not be concerned that their credit score and entire life savingsis in jeopardy.

Irish Taylor is a small business funding consultant with Paramount Merchant Funding and has been providing business owners with financing since 1992. For years she has helped people qualify for unsecured business loans and merchant cash advances.

Merchantpmf - About Author:
Irish Taylor is a small business funding consultant with Paramount Merchant Funding and has been providing business owners with financing since 1992. For years she has helped people qualify for a unsecured business loans.

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

Article Source:
http://www.articleside.com/management-articles/financing-programs-from-paramount-merchant-funding.htm

Related Management Articles Subscribe to RSS

Different opportunities for doing online business
Published by Annphilip on March 21st 2012 | Business
Today online businesses are flourishing similar to traditional business. As online business utilizes...
 
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....
 
Add spark to your business with proper Racking and Floorings
Published by Maloufsaus on August 9th 2012 | Business
Want to own optimal storage solution? Cantilever Racking is your answer and is here to stay. Perfect...
 
Most popular online dating sites- turned a big business these days
Published by Mobiledating on February 7th 2012 | Business
Find here complete list of top mobile dating sites based on different categories such as relationshi...
 
Hosting Discount Coupons for easy start of online business
Published by Ashish Pandey on May 14th 2012 | Business
The hosting discount coupons can be an easy way to start your business. You can use these coupons an...
 
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...
 
Look at the new Mull over Grabbing Ruggedized Electronic devices with regards to your Small business
Published by Albus Granger on May 3rd 2012 | Management
Each time are going to purchase good deal servers on top of that electronics items for anybody compu...
 
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...
 
Personal loans finding the best one
Published by Mary Porter on June 26th 2012 | Business
If you own your own business or company you will be aware that the current economic climate is havin...
 
Call tracking is extremely useful for your business developments
Published by Delacon on February 10th 2012 | Business
Call tracking is hence something perfectly necessary if you desire to maintain track of your custome...
 
What practices a business litigation lawyer perform
Published by Adli Law on April 19th 2012 | Business
Each attorney holds the peculiar specialization in the field of law. Thus, consulting with the law f...
 
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...
 
Enhance your business productivity with Supply Chain Management
Published by Shawn Dsouza on August 6th 2012 | Business
The concept of supply chain must be clear before understanding anything about Supply Chain Managemen...
 
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...
 
Why business has to be environment friendly?
Published by Greenbusiness on July 11th 2012 | Business
For a business world, Strategic sustainability consulting is of a paramount importance these days as...
 
For washing machine repair Manchester with quality workmanship guaranteed contact the best in the business at MS Appliance Repairs
Published by James Blee on August 23rd 2012 | Business
Time is a luxury not many of us can afford in the busy world we live in so when something breaks dow...
 
Why do you need the services of a business broker in Roseville?
Published by Businessbrokers on December 12th 2011 | Business
There are many other benefits too. Like confidentiality, better price and hassle free process. All t...
 
How to build a vending business?
Published by Linda Marselli on July 23rd 2012 | Business
Remember those vending machines that allured you into dropping in a coin and getting what you desire...
 
Go for Ecofriendly Printing service for promoting your business
Published by Robert Samuels on February 22nd 2012 | Business
The above content highlights the role of the printing service in our life, particularly in populariz...
 
What is a proxy solicitation and why it's necessary for business relations?
Published by Adryana Bygger on July 25th 2012 | Management
Proxy solicitation is one of the several business services provided by Sodali, it means the attempt ...