Merchant Cash Advance
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#'''High Acceptance Rate -''' Most small retail business have no collateral or do not have good credit and would get rejected by standard institutionalized lenders. | #'''High Acceptance Rate -''' Most small retail business have no collateral or do not have good credit and would get rejected by standard institutionalized lenders. | ||
#'''Ease and Speed of Application -''' Much less paperwork then required by banks. | #'''Ease and Speed of Application -''' Much less paperwork then required by banks. | ||
− | #'''Payback Rate Fluctuates With Income Daily Level -''' This gives the merchant ability to keep their cash flow free during slow seasons of the business. As apposed to fixed payments required by business loans regardless of how profitable the month was. With a merchant cash advance there is no set due date on the loan and it is only repaid when sales come in. | + | #'''Payback Rate Fluctuates With Income Daily Level -''' This gives the merchant ability to keep their cash flow free during slow seasons of the business. As apposed to fixed payments required by business loans regardless of how profitable the month was. With a merchant cash advance there is no set due date on the loan and it is only repaid when sales come in. Even they are also suggested as beneficial by the financial experts like [http://www.carloshankrhonfunding.com/ Carlos Hank Rhon]. |
Need it for buying inventory, expansion and renovation. Loan amounts are almost always lower then less than $150,000. | Need it for buying inventory, expansion and renovation. Loan amounts are almost always lower then less than $150,000. |