One of the biggest issues facing businesses across the nation is the credit crunch. Lending has dried up. It is just impossible to get capital! How is a business owner able to raise the funds they need to run their business if no lending institution has the funds to lend?
Luckily, there is a vehicle that can help! Most business owners are not aware of the merchant cash advance option. If you have been processing credit card payments for more than 6 months, you can receive a cash advance of up to 150% of your average monthly volume. Process $10K per month? You can get $15K. Process 30K per month? You can get $45K! Process $100K per month? You can get $150K! And you have the money within a week!
It's a fantastic vehicle for getting capital when no other options exist. The cash advance program is a purchase of future processing. It's not a loan! There are many advantages:
- No personal guarantee or collateral needed.
- The money advanced does not appear on your credit report.
- It is a variable payment based on your credit card processing that month - have a bad month? You pay less that month!
- There are no stipulations on what the money is spent on! Add a new oven, renovate your office, hire more people, pay payroll, by a yacht! It doesn't matter.
In these trying times, the merchant Cash Advance program could be a life saver! More information on the NELiX TransaX Merchant Cash Advance program.

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