In these tough economic times (we are all probably tired of hearing about), small company owners need to be even more on top of their game in order to survive. The ones who stay educated will even find the opening amidst the accident and come out farther ahead. In a new record from Entreprenuer.com which talks about "Controlling Your Cash Flow" a hot topic in the merchant service industry is suggested as a means to stay afloat or even surge ahead. The topic of a merchant cash advance.
The record reads:
Credit Card Cash Advance
"Raise capital in innovative ways other than traditional banking. "If you accept credit cards, there is something called a merchant advance where a third party will come in and enumerate what your revenues have been and advance you capital today that you pay back in prospect of future credit card receipts," says Deborah Osgood, founder ofBuzgate, a company networking site."
Merchant cash advances are not necessarily new but will no doubt gain more popularity at a time when businesses are seeing bank loans harder and harder to come by. These cash advances, based on your businesses future credit card sales, can be a blessing for some small company if they do their research, know the covenant terms inside and out, and are able to use the money toward a indispensable investment. As always we here at Payex advise shopping around, going into a negotiation with questions, value your options, and choose confidently.
For more information on how to apply for a merchant cash advance or naturally to learn more about the topic please experience us via phone at 888.729.3948 Mon-Fri 9am-6pm Est or anytime via our experience form.
We also advise checking out the Merchant Cash Advance Blog.
Merchant Cash advance As Alternative Small firm Loan Credit Card Cash Advance
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