Merchant Loans
It is not uncommon for any successful business to rely on short term business loans to cover operating costs or to cover the cost of expanding their business. If the business owner has a few hits on their credit, it becomes extremely difficult to get funded using traditional funding methods. In today's economy, even those with excellent credit are having difficulties getting the cash they need to keep their doors open.
Merchant Loans (otherwise known as credit card factoring or credit card advances) were created in response to the increasing difficulties businesses are facing obtaining working capital.
Depending on how much your business earns; you may be qualified for a merchant loan up to $500,000. Another benefit of these merchant loans is that you are typically funded in about a week. That is a fraction of the time it takes to get a traditional loan.
What are merchant loans?
A merchant loan is when a lender gives your company cash upfront based on your businesses credit card sales. It is paid back using a small percentage of your credit card sales until the balance is paid back.
Merchant loans typically do not use collateral and do not rely solely on your credit score for approval.
Who uses merchant loans?
If your company processes at least $2,500 a month in credit card transactions, you could be eligible for a credit card advance. We have helped thousands of businesses and franchises get the cash they need, even if they’ve been turned down by the bank.
Here is a sample of some of the business who have looked to us when they needed cash;
McDonalds, Subway Sandwiches, Quiznos, Midas Mufflers, Shakey’s Pizza, Baskin Robbins, Sylvan Learning Center, Fantastic Sams, Dunkin Donuts and Aamco Transmissions to name a few.
More about Credit Card Factoring —>
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Merchant Loans 
Merchant Loans 
