The Advanced Funds Network (AFN) has become synonymous with unsecured financing options like the merchant cash advance. While lending is an essential part of what our company does, we also understand that good business practices extend beyond the financial realm. To succeed in business, all of these practices need to be addressed.
This article will outline the tips you need to know to put good business into practice.
A merchant cash advance can aid in the recovery of your small business. There are a lot of strategies that expedite the approval process. By the same token, there are several ways to avoid the hang-ups and gamble involved in taking unnecessary risks. The best method to ensure you experience the benefits of a merchant advance without the drawbacks is to plan ahead. This article will tell you how to structure the best plan possible by exposing five common pitfalls to avoid.
Turning a Negative into a Positive; Improving the Application Process for a Merchant Cash Advance
The trick to obtaining an advance is to have an organized plan that you follow from the start of the process until the end of it. To illustrate how this strategy works we’ll break it down into 5 steps. Let’s begin at the beginning.
Unlike traditional loans, business cash advances can give you access to capital without the hassles of lengthy applications and paperwork. The process is designed to be extremely fast and hassle free. An advance for your business is not a loan. The concept of the advance is based on your credit card sales history. You are basically selling your future credit card sales in advance, for a lump sum today. After your business is funded, small deductions are automatically made from your daily credit card receipts.
As a U.S. small business owner, you may be looking for ways to keep your company running during uncertain economic times, or even just a slow sales season. Maybe you’re looking to expand and you found the perfect opportunity, but a traditional bank loan or business credit line is not an option due to lack of capital or the high restrictions currently put on National and local banks. An unsecured business cash advance may be exactly what you are looking for.
Cash Advance Merchant Expands Business
(BROOKLYN, N.Y., September 08, 2011) - Advance Funds Network (AFN), cash advance merchant, saw a more than 50 percent increase in business in quarter two from the same time period last year, which company executives attribute to the tight credit market. Funding providers like AFN are becoming more attractive to business clients looking to obtain quick and hassle-free merchant cash advances to sustain their business practices.
In these challenging economic times, small and medium-sized businesses have experienced difficulty obtaining loans and lines of credit. Since the collapse of Wall Street in 2008 and the subsequent slow recovery, businesses have experienced two phenomena:
Small business loans bad credit applications often are turned down. Most traditional banks and financial institutions simply cannot afford to take on the risk to lend, or they are unwilling to do so. This does not mean, however, you cannot get the funds you need to expand and grow your business. When you turn to Advance Funds Network as an alternative funding source, you get the money you need, affordably and you do not have to face the restrictions other lenders place on you. If you are considering applying for this type of loan, there are four things you should know before you do.
#1 - Merchant Cash Advance Loans Work
One of the first things to realize is the flexibility and effectiveness of a merchant cash advance loan. Those who are unable to obtain a traditional loan due to insufficient credit or collateral may be able to obtain this loan. You can use these funds to inject funds into your business or to handle other immediate needs you have. This loan is perhaps the most important tool small business owners can access to keep their business operational.
#2 - It's Not Expensive
One of the most common misconceptions about small business loans bad credit options is that these loans are expensive. This is not the case. In fact, you will find that these loans offer more flexible repayment than any other loan offer you may have. You will repay the loan based on a percentage of your credit card transactions. In other words, if your credit card receipts drop, you pay less towards this loan. What other lending solution offers you the flexibility of not having to make a payment when your sales drop?
#3 - This Is Not Your Typical Bank Loan
There are many differences between a typical bank loan and a small business loan for bad credit from Advance Funds Network. This loan is easier to manage. There are no checks to write. There are no late fees to pay. In fact, there are no hidden fees at all. You do not have to offer a personal guarantee for the money. You also do not have to have collateral to secure the loan. Even more importantly for some business owners, it does not take weeks to qualify and get the funding you need.
#4 - Qualifying Is Easy
Another thing you need to know about the small business loans bad credit offers from Advance Funds Network is just how easy it can be for you to qualify. Credit is not the sole disqualifying element here. Rather, qualification is based on your business's credit card transaction numbers and how long it has been in business.
As a small business owner, you need flexible lending solutions that typical banks just do not offer. The small business loans bad credit options from Advance Funds Network prepare you for your success. They give you the flexibility, affordability and effectiveness you cannot get from other lenders.
Does your car wash business need more working capital? Many small business owners find themselves in need of funds to manage the day to day demands of the business. Others need funds to help them to expand and grow. The merchant cash advance may be the perfect fit in some situations. You can use this loan for virtually any need you have, including making payroll, buying equipment, or financing repairs. You can use these funds to buy advertising for your business to get people in the door. To find out how well this particular type of loan can work for you, turn to the leader in the industry - Advance Funds Network.
Why Use This Loan Option?
The following are some of the key advantages of using a merchant cash advance loan. How well do these terms fit your needs?
How can this help your business's bottom line? In short, it will help your car wash to accomplish its financial needs - purchasing inventory, creating an effective marketing campaign, help you to consolidate your debts, repair your equipment, or even expand to a new location. The ways to use these funds is unlimited.
Keep the following in mind when you apply for a merchant cash advance loan from Advance Funds Network.
In all situations, you do not have to have collateral and there is no required personal guarantee. There are no checks to write and there are no restrictions on the way you use these funds to benefit your business. There are no hassles in the application process, either. It is fast, affordable, and easy to obtain.
To obtain merchant cash advance funding, apply through Advance Funds Network. The company does not charge a fee for the application process. It only takes a few minutes to fill out the form online, or you can contact the company's financial advisors over the phone. You will get a quote within 24 hours from the company. How could this type of loan help your car wash business to grow and expand? Could it help you to grab more of the market share or help you to update your equipment so that customers seek out your establishment? Find your loan now and get the process underway.
Nurturing Business, Cultivating Hope
