Wednesday, August 27, 2008

What is a Business Cash Advance?

What is a Business Cash Advance, how do you apply for it, and how does it work?

A business cash advance, known also as a merchant cash advance, allows you to receive cash in exchange for the purchase of a small portion of your future Visa and MasterCard receipts. Once approved, your cash advance will be deposited into your business checking account giving you immediate access to needed funds.

If traditional bank loans are not an option then a business cash advance from Merchant Advisors may be the perfect alternative. There is no credit check, and the funds are available within 72 hours. Great for businesses that can't get a traditional loan. What's great, there is no credit check and they offer secure online application.

Your business cash advance is repaid automatically by deducting a daily percentage of your future credit card sales. (No coupon books or fixed monthly payments to worry about)

Example:

1. You process $1000.00 in total Visa/MasterCard/American Express/Discover transactions on Monday

2. Merchant Advisors will deduct 15% (or $150.00) from the total amount of Monday's sales.

3. The net proceeds of $850.00 are deposited to your business checking account on Wednesday.

4. Merchant Advisors will provide a monthly statement showing the remaining balance left to repay on your advance- that simple!

5. All revenue your company receives via check and cash remain protected cash flow as Merchant Advisors will only use your total credit card proceeds to repay the advance.

Ready to apply for your own Business Cash Advance? Just log in to: www.onlinecheck.com or call 1-800-427-1450.

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