Up To $250,000, Cash Merchant Advance Loan Program

Up To $250,000, Cash Merchant Advance Loan Program
The initial question a lot of people are asking is what is
a merchant cash advance? An established business in
existence for one year or more with visa and mastercard
sales can qualfiy for a loan or a merchant cash advance on
their past activity up to $150,000 from a financial
institution and $250,000 or more per location from a true
merchant cash advance company. The monthly average of their
visa and mastercard sales x 1.5 will be a qualifying amount
that the lender will fund up to. Here is an example for
you, assuming your business averages monthly $50,000 for
visa and mastercard sales over the last year. The financial
institution will use that $50,000 x 1.5, therefore your
lending base will be $75,000 for this example. Pretty neat,
bet you didn't know these programs were even out there.

There are many merchant cash advance or loan programs
available. Some are in a the form of a loan and others are
in the form of a merchant cash advance but the formulas for
lending qualification come from the past mastercard/visa
sales. Merchant cash advance programs can lend up to
$250,00 to $300,000 and their rates of interest can range
from 25-40% per annum. Loans regulated by banks are
controlled by the banking rules and usually charge lower
rates. Obviously, it is important to compare the programs
and understand your carrying costs, time to repay the
monies back and any other risk factors that you might have.

Other questions to consider are the following, what kind of
businesses qualfiy for these type of programs? The
following is just a few that would fall under these lending
qualifications:

limousine service, automobile centers, beauty and nail
salons, dry cleaners, gas stations, retailers of all kinds,
restaurants, bar/nightclubs, distributors,dental/medical
offices and service providers.

The next question is what are some of features of these
merchant cash advances and loan programs:

* Loans or merchant cash advances range from $5,000 to
$250,000.
* No tax returns, Financial Statements or Asset
Documentation required.
* Up To One Year to Pay back the loan, merchant cash
advances between 6-8 months.
* No large fixed monthly payments, you pay a percentage of
your future credit card sales so the monies are repaid with
the flow of your business cycle.
* Fast Approval, Within two days. Funded within seven
business days.
* No Hidden Charges and no late Fees.
* Poor Personal Credit Accepted. This is not FICO SCORE
Driven, so credit is not an issue, Prior Bankruptcies No
Problem.
* To Pre-qualify, you must own your business for at least
one year.
* To Pre- qualify, you must average $3,000 monthly credit
card sales.

The next obvious question, is how do we repay back the loan
or cash merchant advance? It is from the future card sales,
a small portion is paid back each day to pay back the
lender. This is important because there are no balloon
payments or monthly payments to consider. The lender
calculates a small repayment per day that can last up to
one year.

How low is the permitted Fico score? It could be as low as
500, but each situation stands by itself.

Additionally, as this loan or cash merchant advance is paid
off, your company can reapply for additional funds and
continue the process again. This is a great financing
program for businesses that have seasonal cash flow or need
to use the money for any business purpose, the decision is
yours.

In conclusion, there are many different types of programs
out there, be careful and compare the pros and cons of each
one and see which one is right for your Company.

----------------------------------------------------
J.M Luna has over thirty years in the financial field. This
includes accounting and taxes, leasing, hard asset money
and working capital loans, and commercial lending. U.S
Corporate Capital Leasing Group assists the start up and
seasoned businesses in many different industries.
http://www.cclgequipmentleasing.com/cashadvances.htm