Loans Available to Restaurant and Retail Businesses16 June 2005
The Cash Advance Program, a type of funding called receivables factoring, allows a merchant to sell their future receivables at a discount so that they can use funding for working capital, equipment purchases, advertising, renovations, expansion and more.
Businesses Can:
- Qualify for $5000 to $125,000
- Receive funding in as little as 10-days
- Use credit card transactions to pay off the cash advance. This is not a business loan, but an advance.
- Raise their business credit score
- Enjoy no upfront fees, no closing costs, no equity loss
- Easy qualifying
Requirements:
- Restaurant or Retail Business
- At least 1-year in business
- Accepts VISA/MasterCard as a form of payment
- Provide processing statements for the previous 6-months of at least $4,000 per month in VISA/MasterCard
- Provide 6-months of bank statements with consistent balances (only necessary to achieve larger advances)
- Acceptable personal and business credit
- Has no open tax liens, judgments or bankruptcies
- Is in good standing with property leaser with at least one year remaining on its lease
http://www.diversifiedfinancialservices.net
Source: PR Web
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