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New business owners and small business owners alike have found a new way to get fast cash with merchant cash advances, read more at:
http://www.merchantcashinadvance.com/how-it-works.php
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NYSE 8154.74 +122.52 (+1.53%)
Nasdaq 2680.08 +50.42 (+1.92%)
Businesses Turn to Merchant Cash Advances Due to 2011's Continuous
S&P 500 1295.40 +17.04 (+1.33%)
Economic Downturn, Merchant Cash in Advance
PRWeb WMM Micro 1000.69 +26.37 (+2.71%)
Published: 06/18/11 10:00 PM EDT WMM Nano 1009.96 +13.57 (+1.36%)
PRWeb
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New business owners who need an instant access to cash for capital are in luck. There is an emerging industry that wants to
help them. These are merchant cash advance providers, namely MerchantCashinAdvance.com. This is a relatively new player to TOP STORIES
the credit granting bodies. They have only been around for ten years but have grown significantly to more than 50,000 providers
for 2011. Save The World Air, Inc. (OTCBB:
ZERO) Delays In Testing Offering
Strong Credit Card Sales Leave Merchants With an Alternative to Business Loans: Additional Benefits
June 21, 2011 12:23 PM
Regulators are now swooping down in terms of scrutiny and the merchants are in a huddle to promote industry standards.
These merchant cash advance providers offer a lump sum payment to businesses. In exchange, they get a share of sales in the Hog Prices Lifting Prospects for
future. Companies that are targeted are mostly retail, restaurant and service oriented businesses. These usually have strong Sen Yu International Holdings, Inc.
credit card sales but have bad credit. This means they don't qualify for loans. The question here for businesses that take avail of (OTCBB: CSWG)
the offer is how much do these advances compare to an interest on a loan or credit line. June 21, 2011 12:09 PM
Astronics Corporation (NASDAQ:
Keep in mind, receiving Merchant Cash in Advance is NOT a loan. No collateral or require requirements. ATRO) Wins Air Force Contract
MerchantCashinAdvance estimated a 95% approval rate for new merchants looking to obtain merchant cash advances. Worth Up To $20 Million
According to Leonard C. Wright, an accountant for San Diego and a columnist for the American Institute of CPAs, the interest June 21, 2011 8:44 AM
rates can go from 60% to 200% APR. He recommends businesses to have no other options to go for the cash advance but fully GTX Corp (OTCBB: GTXO.OB)
understand what the costs are. Merchant cash advance providers are protesting the allegation. They remain that they are not Insider Buying Shows Bullish
loans. Instead, the deal they get from the cash advance is a purchase or a sale of an income that they will get in the future. Pattern
Can pay less June 20, 2011 12:28 PM
Interestingly enough, merchant cash advances are not under the obligation of law that otherwise regulates lenders and puts Coffee Holding Co. Inc. (NASDAQ:
ceilings on interest rates. They do not require a fixed payment and instead collects a regular percentage out of the merchant's JVA) Delivering Big Gains to
daily credit card sales. This goes on until the advance and premium is recovered ideally in less than 12 months. The advantage Investors
to this says merchant cash advance business owners is that their payment is dependent with their cash flow. June 20, 2011 9:38 AM
Uniquely, MerchantCashinAdvance.com charges 0 percent interest on merchant cash advances. SIGN IN OR JOIN NOW
"They can pay less when business is slow in certain months."
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Merchant Cash Advances have NO scheduled due date or monthly payments. Most importantly, businesses have opted for *
merchant cash in advance because it has no reflect on the applicant's credit.
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This differs from a credit or loan where there is a set date when they need to pay. Fixed payments also have to be done on a *
schedule.
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"In a merchant cash advance, there is no schedule of fixed payments and there is no due date" says a representative of
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MerchantCashinAdvance.com, the pioneer in the merchant cash advance industry.
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Read the full story at http://www.prweb.com/releases/merchantcashinadvance/com/prweb8583943.htm
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