Obtaining working capital is getting more difficult

In the current lending freeze – business cash advances are being looked at as an alternative source of working capital and are seeing a big spike in business.

Anyone who has tried to get a working capital loan recently knows the lending institutions are becoming increasingly reluctant to give out business loans. It is being labeled as a lending freeze or a credit crunch; whatever you call it, it is difficult for business as usual in today’s economy.

Financial institutions are being hit hard. However there is one financial market that is thriving during this economic downturn; the merchant loan industry. Businesses that are having a hard time getting the working capital they need are turning to this business loan alternative. One of the key differences between a business cash advance and a working capital loan from a bank is that while traditional business lenders look at your past credit history, merchant loan providers look at your future sales potential as the major deciding factor for your loan. Businesses that have poor credit history or lack of collateral are turning to business Cash Advances as well. Sometimes called a “bad credit business loan” a business cash advance offers a real solution for businesses suffering in these harsh economic times.

When asked about his business; The President of MyWorkingCapital.org answered “We are very fortunate to be in position to help these struggling business owners. We are also fortunate to be in a business that is doing so well in this economy.” He continues “I have actually seen a substantial increase in my business over the past several months. People who are having a hard time trying to get a business loan are turning to me.” He concludes; “Businesses who have never considered getting a business cash advance in the past are returning again and again. It is a solution that works.”

How business cash advances work;

• They review your credit card receivables to determine the loan amount.
• Upon approval, they deposit the loan amount directly into your bank account in about 7-10 days.
• Take a percentage of your daily credit card sales to pay off the loan.

Merchant loans are relatively new to the financial services scene. Judging by growth in the industry; it looks like a market that is here to stay.

Working Capital for restaurants Learn how a merchant loan can help your restaurant succeed.		Merchant Loans for bad credit How can you get working capital even if you have les than perfect credit.

How to get started on a working capital merchant loan

To qualify for a business cash advance (merchant loan) you will need the following;

• You must be in business for at least 4 months.
• Accept MasterCard and Visa.
• Process a minimum of $2,500 a month in credit card sales.

If you meet these qualifications, simply fill out the form on the left. It takes about 24 hours for approval and 7 days for the working capital to be deposited directly into your business bank account.

Working capital for small business

We have helped thousands of businesses get the working capital loans they needed to maintain or grow. Many of these businesses had very limited options and without our support, may very well have gone under.

Here is a brief summary of some of the businesses that have trusted us for their working capital funding.

Instant Merchant Loan Calculator Instantly discover how much we can advance your business Monthly credit cards sales: Monthly gross sales: