Small business loans are available to merchants that process credit card transactions. It is a cash advance against your future credit card sales. The amount and rates are determined by monthly credit card processing volumes, length of time in business and also business type. The loans are very simple to qualify for and fund within 10 business days.
Cash advance loans are then repaid by having a small percentage of your future monthly sales held until the loan is paid. You can even take advantage of the credit limit again once the loan is approximately 65% paid off. With bank lending the way it is now, it is a great way to get much needed capital to expand or just get through a slow period. For more information, call us at 800-255-0898.