Finding the Best Rate for Merchant Account Loans
Wondering who offers the best credit card merchant loan? Well, a merchant cash advance is not actually a loan. People often call them merchant loans, or credit card processing loans. A merchant cash advance is a form of receivables financing. The lender is not loaning you money, the lender is purchasing a portion of your future sales, for a discounted rate.
For instance a lender will look at your business history and credit card processing volume and may offer to purchase $12,500 of your future sales, for $10,000 today. Your business would receive $10,000 and then the lender would collect a small percentage of your daily sales until they had collected $12,500.
The entire cost of a merchant cash advance is tax deductible and business owners find it convenient and easy. A merchant cash advance offers business owners fast funding times of 7-10 days.
Business owners with bad credit are in luck! Merchant cash advance lenders do not look at personal credit, they look at time in business, business type and most importantly your average monthly credit card volume.
- FAST Funding of 7-10 Days
- BAD Credit & Bankruptcy OK!
- Receive up to 2 Million in Funding!
- Tax Liens & Judgements are OK