So, you are a small business owner. You have committed your whole life in propelling your business forward. But as you might have noticed that it has become increasingly difficult to attain capital to grow your business in this day and age.
Banks are becoming tyrants instead of actually helping businesses, they always seem to have a problem with everything. They will make you sign a dozen documents, put many restrictions on the use of the money you will get from them, and even after you are done with all the formalities, you still have to wait a while before you are able to actually get that loan money.
So, what should you, as a small business owner, do to get a good small business loan that can actually help you succeed without any restrictions?
There’s an option. And the option is a Merchant Cash Advance.
A Merchant Cash Advance, like the one offered from FAM, is a method of getting a small business loan directly from a non-bank organization, lender, or individual in a completely transparent and restriction free manner. Both the lender and the debtor come together and make their own terms, but mostly follow the general terms, when both parties completely agree with each other and accept each other’s terms, only then is the contract signed.
After the signing of the contract, the debtor gets the small business loan immediately, in either a lump sum or in installments over the following weeks or months. Following the exchange of Merchant Cash Advance, the debtor is allowed to use the money in any way he seems fit. And there are many ways through which the debtor can pay the lender back. But the most common way is through credit card sales.
So, after you get the Merchant Cash Advance, you are free to use the money however you want. You invest this money in your business and soon afterward, you let your business grow due to this small business loan. As your business grows, and after a previously agreed upon date, the lender starts receiving his/her payment through your credit card sales on every purchase your customers make from you. The transaction happens automatically and takes a small percentage of every sale until the amount of the loan plus the interest is reached.
All of this happens without any hindrances or even much notification, as it does not hinder in your business in any way. And as you will already be too dedicated in your business you will not have to take the hassle of paying bank loan style installments yourself.