Credit Card Loans Explained

Many companies already have bank lines, pledged their assets, and even used their owner's homes as collateral. Now, they can leverage one more asset to increase working capital: future credit card sales. This is a relatively new concept. It was introduced about ten years ago to provide funding for restaurants. Although there have been many success stories, the product has often been viewed unfavorably because of the high cost and short payback period.

Business Cash Advance has taken this concept, leveraging future credit card sales, and applied long standing asset based lending principals. In this way, we are able to provide substantially less expensive loans, to more credit worthy clients.

Companies that Offer Business Advances

- Entrust Business Funders

- CitiWide Business Advance

- CapVance Advance Funding

Is it a loan, or a purchase of assets?

Business Cash Advance lends money; we do not purchase your assets in advance. We can do this because our loan rates do not violate federal banking regulations. We have the lowest rates in the industry, starting at 6%. Loans have significant tax advantages over cash advances. To see how much you are paying on a cash advance, please use the merchant rate analyzer

How Much Can You Get?

All programs are customized to meet individual client needs. We typically lend up to (more…)

The MATCH list (Member Alert to Control High-risk system) or Terminated Merchant File (TMF) is system utilized by MasterCard to identify merchants who have had their accounts terminated by the merchant account processor.

If you have ever applied for a merchant account, or are going to in the future, the bank will consult the TMF to see if you have ever had a merchant account terminated. If you have had a terminated merchant account in the past, the bank will most likely see you as an unnecessary credit risk. The chances are very low of getting approved if your name is on this list.

Why Would They Put Me on The List?

It’s not actually that difficult to get on the MATCH list, but unfortunately it is difficult to get your name removed. Sometimes as little as an accounting error, even on the banks end, can land you on the list. The most common ways people end up on this list include: credit card fraud, friendly fraud, factoring, excessive charge-backs, violating the merchant agreement or owing money to a bank or processor.

One of the quickest ways to get your name on the list is closing your merchant account and not paying your last statement. Even (more…)