Business Cash advance is all about innovation and convenience for merchants. According to the change in need of the merchants, cash advance options have also changed and developed.The basis of the business cash advance remains same; in this a small business owner sells his future credit card sells and in return he gets cash. The advance is then automatically repaid through small deductions of a certain percentage of the business's daily credit card sales.
Over here, I am going to discuss with you the various business advance programs which are available and it helps the merchants to choose among them.
Standard Advance:
Majority of the small business owners utilize the standard advance. Qualified merchant owns a business that processes a minimum amount of $3500 in monthly credit card sales and have owned the business for at least six months. They don't carry any unresolved bankruptcies.
Starter Advance:
Merchants who have been previously declined for a standard advance, they normally go for starter advance. Normally in this starter advance program, merchants are funded a certain minimum amount which is repaid within six weeks. After the merchant has repaid the amount he gets qualified for a higher amount which is automatically renewed. To let you know, starter advance can be funded without credit checks.
Premium Advance:
In this premium scheme, the merchants can get advances at a very amount of interest rate and can get loans for up to 12 months. Normally, you can avail this scheme, if you have good credit score and high and steady monthly credit card processing.
If you own a small business, then you can avail for a free business cash advance quote and can choose among the different cash advance providers and options available.
Over here, I am going to discuss with you the various business advance programs which are available and it helps the merchants to choose among them.
Standard Advance:
Majority of the small business owners utilize the standard advance. Qualified merchant owns a business that processes a minimum amount of $3500 in monthly credit card sales and have owned the business for at least six months. They don't carry any unresolved bankruptcies.
Starter Advance:
Merchants who have been previously declined for a standard advance, they normally go for starter advance. Normally in this starter advance program, merchants are funded a certain minimum amount which is repaid within six weeks. After the merchant has repaid the amount he gets qualified for a higher amount which is automatically renewed. To let you know, starter advance can be funded without credit checks.
Premium Advance:
In this premium scheme, the merchants can get advances at a very amount of interest rate and can get loans for up to 12 months. Normally, you can avail this scheme, if you have good credit score and high and steady monthly credit card processing.
If you own a small business, then you can avail for a free business cash advance quote and can choose among the different cash advance providers and options available.
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