Financial Services - , New York, United States
Merchant cash advances are a great solution for many types of small businesses in need of working capital. Financing a business with a cash advance has many advantages compared to other business financing offered through banks and traditional lenders. Cash advances are a quick financing option for businesses that have been denied or do not qualify for bank loan financing. Our cash advance program is ideal even for small businesses that have bad credit, or no credit at all! In addition to overlooking credit scores, collateral, which is usually associated with most small business financing is not required.How it worksWe buy a fixed dollar amount of your credit card receivables at a discount. In exchange for cash now, you repay us with a small percentage of your daily credit card transactions. You use our automated payment system so the process is hassle free and you can repay us through any business cycle, up or down. There are no gotchas – no hidden fees or back-end requirements. You simply repay us out of your credit card receipts for as long as it takes.