The concept of loaning money is as old as civilization itself. Even though there have been some technological advances; things haven’t really changes that much in all these years. In order to borrow money, we still need to have a good credit history and/or a sizable amount of equity to be used for collateral.

The traditional method of loaning money puts a lot of merchants at a disadvantage. What happens to those that have either had credit problems or don’t have enough collateral? Is this really a case in which the strong survive without even giving the little guy a chance?

Thankfully for many, there is a method of getting funded without the need for collateral and without the need for good credit. That method is called a business cash advance (also referred to as a merchant loan). Not only is it much more accessible; it is much faster and easier than traditional lending as well.

What sets this type of funding apart from traditional methods is the manner in which they are approved and processed. Rather than relying on your good credit or the amount of collateral you have; they look at your credit card sales history to determine your projected sales and then advance you money based upon those projections.

Paying it back is unique as well. Because they are advancing you money based upon your credit card sales; you pay it back by using a small percentage of your Visa/MasterCard sales. They don’t touch your AMEX sales or your cash sales. And because a percentage is used; you end up paying back less when business slows down. This relieves a lot of the stress associated with paying back your business loan.

Getting working capital for your business has finally caught up to the 21’st century. Use the following link to see how a BUSINESS CASH ADVANCE can help your small business.

By: Christopher Ronk