Merchant Financing USA aides small businesses in need of funding for general operating expenses and expansion by providing merchant financing based on future credit card sales of the business. The company arranges merchant cash advances that are repaid from the credit card sales on an ongoing basis. After funds are delivered to the business, a “hold back(a set percentage of their future credit card transactions) is automatically deducted until the funds have been fully repaid.
This method of funding offered by Merchant Financing USA benefits small businesses that do not have extensive credit history, significant assets, or the ability to borrow from traditional business lenders. The general manager of Merchant Financing USA reports, “With our merchant financing program, we open up the gates of funding for businesses that have a strong operation, but may not have well-established credit, years of financial statements and a myriad of other requirements that are set in stone when it comes to bank or SBA financing. A prime example of a potential client would be a restaurant that processes $10,000 per month in credit card receipts. With very few stipulations, this business could qualify for funding in the amount of $15,000. We advance them up to 150% of their monthly credit card transaction totals. Unlike banks, the time to process an advance is usually three to five business days and that’s actually getting the cash into the business owner’s hands!
The concept of obtaining funding via merchant cash advance is not a new business model; it is a process that was once considered a specialized niche, and has now gained momentum with the tightening of traditional commercial lending sources. Working with Merchant Financing USA, a business owner is able to avoid the stress and hardship that credit denials can often bring, and get on with operating their business.
Note: A merchant cash advance is not a loan, but rather an advance against future revenues, based on the financer’s ability to draw down on that advance by automatically collecting a portion of each credit card payment made to the business over time (until the advance has been satisfied).
About Merchant Financing USA:
Merchant Financing USA offers businesses an up-front sum of capital in exchange for a share of future sales. It is not a loan, so therefore does not require any collateral or personal guarantees. Although requirements differ depending on the financer, the most important thing is that the business accepts credit cards as a form of payment from their customers. Restaurants, retailers and service companies make up the majority of the merchant financing customer demographic.
Contact:
Address:
261 W. 35th Street, Suite 400
New York, New York 10001
Toll Free: 888-221-7662
Fax: 877-202-3414
Website: http://www.MerchantFinancingUSA.com
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