Merchant Cash Advance
Fortunately, there is an alternative to a short-term business loan called a merchant cash advance or merchant loan. This works well for businesses because they are quick, easy, and much easier to get approved than with traditional loans. For more information regarding merchant cash advance loans visit http://royalefunding.com/merchant-cash-advance-loans-virginia/.
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Unlike traditional loans where you send a year’s worth of financial records and require collateral; the application process for the loan merchants usually only requires a two-page form, four months merchant statements of your business, and that you accept Visa / MasterCard at your business location. You normally approved within 24 hours, and you get your cash in about 7 days or more.
Payback the merchant cash advance is very different than paying the bank loan: With a bank loan, you repay a fixed amount every month with interest. With advances no interest and no fixed monthly payments.
Please remember; a merchant cash advance is more expensive than traditional loans. Depending on your circumstances; go to the bank may be a better option. Which says; there are many advantages to loan traders are bank loans. If you want to learn more; use the following link to see if the merchant cash advance is right for your business.