tag:blogger.com,1999:blog-26560050977031050982023-07-17T22:00:30.934-07:00Merchant FinancingRon Finchhttp://www.blogger.com/profile/05898155659095186271noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2656005097703105098.post-41936013170424686532010-03-09T10:25:00.000-08:002010-03-15T10:53:53.237-07:00<strong><span style="color:#006600;">MERCHANTS WHO ACCEPT CREDIT/DEBIT CARDS FOR THEIR DAILY TRANSACTIONS MAY BE <span id="SPELLING_ERROR_0" class="blsp-spelling-corrected">ELIGIBLE</span> FOR A <span style="color:#cc0000;">CASH ADVANCE</span>, BASED ON THEIR PREVIOUS <span id="SPELLING_ERROR_1" class="blsp-spelling-corrected">YEAR'S </span>PROCESSING STATEMENTS!</span></strong><br /><strong><span style="color:#006600;"></span></strong><br /><strong><span style="color:#006600;">WHEN DOES A BUSINESS LOAN MAKE SENSE? WHEN IT WILL STRENGTHEN OR SAVE YOUR BUSINESS.</span></strong><br /><br /><span style="color:#006600;">TRADITIONAL SOURCES OF CAPITAL ARE TOTALLY SECURED!</span> So if you have available collateral, and the time it requires to investigate and secure it, first seek a low rate source.<br /><br /><span style="color:#006600;">Bank Loans and Lines of Credit</span> - Low rates but require unrestricted registration against assets<br /><span style="color:#006600;">Mortgages or Lease Backs</span> - Low rates but equipment, building and/or land as collateral<br /><span style="color:#006600;">Equity</span>- No immediate cost, but you take on a partner to share in your success<br /><span style="color:#006600;">Family or Friends</span> - No immediate cost, but can have a tricky downside<br /><br /><span style="color:#006600;">ALTERNATIVE SOURCES - UNSECURED</span><br /><span style="color:#006600;"></span><br /><span style="color:#006600;">Personal Credit Card</span> - Rates are high but collateral not required. However, your credit rating will be affected if not honoured.<br /><br /><span style="color:#006600;">Merchant Financing</span> - Rates are high, but <span style="color:#006600;">Advantages are</span>:<br />No collateral required - you are not personally affected<br />No reports to the Credit Bureau<br />No financials or tax returns required<br />Quick approval with no application fees or closing costs<br />NO FIXED PAYMENT - repayment is in direct proportion to daily receipts. If your business is seasonal or has a slow month, we receive less payment as wellRon Finchhttp://www.blogger.com/profile/05898155659095186271noreply@blogger.com0