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Credit Card Factoring: Holiday Season Money for Retailers

One of the very best ways to quickly obtain capital for small business is also one of the least known. It’s called credit card factoring. Often referred to as a merchant cvash advance. It is a very unique solution for those who need a quick infusion of money now. Every small business needs capital at some point. Even very successful small businesses looking to expand. Small business loans are unavailable from traditional lenders such as banks to over 90% of all small businesses for various reasons including insufficient time in business, no collateral and less than perfect credit. Small business owners seeking cash for working capital — look no further. Inquire about a credit card factoring. 

Credit card factoring funding utilizes an asset that is unrecognized by traditional financial institutions — a steady stream of credit card sales — to determine the financial viability of a business. Capital advances are based on the predictability of a company’s future credit card sales. Yes, a credit card factoring advance for your business may be just what you’ve been looking for. According to the latest statistics from Equifax, there are more than 18 million small businesses in the

US. A high percentage of those small business owners are digging into personal savings, taking out home equity loans, borrowing from family and friends and running up credit card bills as forms of financing.  Credit card factoring companies can help small business owners avoid these financial black holes through purchasing a fixed amount of the businesses future credit card sales, at a small discount, and in turn, providing them with a lump sum of working capital.   What these small businesses have in many cases is a documented credit card sales history. It is this documented level of sales volume and credit card sales activity that becomes a financial asset to the business. Collection of the purchased credit card sales occurs automatically through the credit card processor, which sends the credit card factoring company a fixed, predetermined percentage from each credit card sale. The seamless integration of processing and working capital is a natural fit and an obvious benefit to businesses and organizations seeking additional products, revenue and residual streams.  

This type of business cash advance typically varies from $5,000 to $300,000. Small businesses will frequently benefit from converting future cash flow into immediate working capital. The most likely candidates to benefit from this strategy are restaurants, bars, service businesses and retail stores. These loans can be used for expansion, buying out a partner, advertising, payroll, emergencies, anything related to business. 

Credit card factoring companies work with both established and expanding businesses to provide working capital to companies in the small-to-medium-sized range who have difficulty securing funding from traditional financial institutions or prefer a funding option that aligns with their cash flow. Working capital can be in the hands of the business owner in 7-10 days. 

Daniel Ollman is the CEO and President of Crown Financial Services, Inc.( dano@crownfinancialservices.net ). Information about a free no cost no obligation consultation is available at (www.crownfinancialservices.net) Crown Financial Services, Inc. is based in

Nevada and provides assistance in obtaining working capital up to $300,000, in 7-10 business days, using credit card receivables for bars and restaurants, retail stores and service businesses.  

This entry was posted on Friday, November 9th, 2007 at 10:37 am and is filed under Merchant Account Advances. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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