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 FundingIs 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 analyzerHow Much Can You Get?
All programs are customized to meet individual client needs. We typically lend up to (more…)