Tuesday, October 21, 2008

Merchant Cash Advance to the Rescue!

These are scary times! The real estate market has bottomed out. Gas prices, groceries and just about everything else is getting more expensive by the day. Massive organizations are dying. The Stock Market is going crazy - it's up, it's down, it's up, it's down. What will happen next?

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:

  1. No personal guarantee or collateral needed.
  2. The money advanced does not appear on your credit report.
  3. It is a variable payment based on your credit card processing that month - have a bad month? You pay less that month!
  4. 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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