Archive for December, 2007

Looking for a Merchant Cash Advance? Turned Down by the Bank ? A Unique Solution for Obtaining Capital

Monday, December 24th, 2007

Businesses seeking cash for working capital — look no further. There is a unique solution for clients who need a quick infusion of money now, a merchant cash advance program

The reality of the economic climate facing business owners today is that traditional lenders are toughening the requirements needed to obtain working capital. 92% of all small business owners can not get money from banks. Reasons include length of time in business, lack of collateral, and the owner’s poor credit just to name a few.

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. All of these options require the business to take on additional debt.

Let’s explore a unique solution for business owners who need a quick infusion of capital. One of the least-known merchant financing strategies for successful businesses is potentially the single best working capital management strategy for obtaining needed capital. The use of a merchant cash advance program or credit card receivables funding.

For any business that accepts credit cards as a method of payment, a merchant cash advance is a critical business financing tool that is often overlooked. Capital advances are based solely on the predictability of a company’s future credit card sales. A merchant cash advance allows a business owner to get a large sum of cash now, without incurring any additional debt. The reason is simple; you are not receiving a loan. You are “selling an asset at a small discount”, your future credit card sales. 

Some of the key advantages of a merchant cash advance program over other forms of financing are: no long application process, 24 hour approvals, cash in 7-10 working days, no application fees, no tax returns needed, no business plan needed, no closing costs, no fixed payment terms, no fixed time, no hassles. Typically a merchant can obtain between $5,000 and $300,000 per location.  The amount depends solely on your monthly VISA/MC sales volume.

You can you use the money for, buying out a partner, expansion, advertising campaign, hiring personnel, payroll, emergencies, almost anything related to your business.

Collection of the purchased credit card sales occurs automatically through the credit card processor, which sends the funding company a small fixed, predetermined percentage from each credit card sale. The seamless integration of processing and ease of obtaining working capital is a natural fit and an obvious benefit to businesses that can not acquire traditional funding.

Credit card factoring companies work with both established and expanding businesses to provide working capital to businesses in the small-to-medium sized range that prefer a funding option that aligns with their cash flow.

As you can see, a merchant cash advance program, or credit card factoring advance, can potentially be the single best working capital management strategy for obtaining needed cash. This is a vital business financing tool that should not be overlooked.

Crown Financial Services is a proud member of both the American Cash Flow Association and Las Vegas Chamber of Commerce. With fast, courteous and professional service, we aim to help businesses reach their financial goals and dreams.

 

Let us provide you with a lump sum of cash now! Call today for a free no cost no obligation consultation, (866) 560-8079. Call in to see if you qualify for a $25,000 lump sum cash advance! What are you waiting for? Let’s start the process today!

 

For more information, and a free, no obligation booklet, “10 Ways to Get Working Capital”, please log onto: http://www.crownfinancialservices.net/apply

 

 

 

Turn Future Credit Card Sales into Cash with a Credit Card Factoring Advance

Monday, December 24th, 2007

One of the least-known merchant financing strategies for successful businesses is potentially the single best working capital management strategy for obtaining needed capital, the use of a Credit Card Factoring Advance or credit card receivables funding.

 

For any business that accepts credit cards as a method of payment, Credit Card Factoring Advance is a critical business financing tool that is often overlooked. Credit Card Factoring Advance allows a business owner to get a large sum of cash now, without incurring any additional debt. The reason is simple; you are not receiving a loan. You are “selling an asset at a small discount”, your future credit card sales. 

 

Collection of the purchased credit card sales occurs automatically through the credit card processor, which sends the funding company a small fixed, predetermined percentage from each credit card sale. The seamless integration of processing and ease of obtaining working capital is a natural fit and an obvious benefit to businesses that can not acquire traditional funding.

 

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

 

What are the key advantages of a Credit Card Factoring Advance over other forms of financing? A Credit Card Factoring Advance, also known as a merchant cash advance, allows a business owner to get a large lump sum of cash now, without incurring additional debt. A credit card receivable funding is not a loan. You are “selling an asset at a small discount”, your future credit card sales.

 

Other major advantages include:

  • No long application process
  • 24 hour approval
  • Cash in 7-10 working days
  • No application fees
  • No tax returns needed
  • No business plan needed
  • No closing costs
  • No fixed payment terms
  • No fixed time
  • No hassles

 

What can you use the money for?

  • Buying out a partner
  • Expansion
  • Advertising campaign
  • Hiring personnel
  • Payroll
  • Emergencies
  • Almost anything related to your business.

 

As you can see, a Credit Card Factoring Advance, or merchant cash advance, can potentially be the single best working capital management strategy for obtaining needed cash. This is a vital business financing tool that should not be overlooked.

 

Now let’s explore what you, as a business owner, need in order to qualify for such funding. You’ll see it’s very easy to qualify. Then we will compare qualifications needed for a credit card receivables funding vs. traditional bank loan.

 

How do you qualify for funding?

General guidelines:

Minimum $5,000 per month in credit card sales (MasterCard/Visa)

6+ months in business, preferably one year

No unresolved bankruptcies

 

Let’s compare the qualifications: Credit Card Factoring Advance vs. a traditional Bank loan. 

Traditional Bank Loan:

Minimum 3 Years in Business

Business Asset Collateral

Personal Guarantees

3 Years Tax Returns

3 Years Financial Statements

High Credit Score

Application Fee

Closing Cost

Long Application

Long Approval Process

 

Credit Card Factoring Advance:

6+ months in Business, one year preferred

Based on future VISA/MC Sales

No Personal Guarantee

No 3 Years of Tax Returns

No 3 Years of Financial Statements

Credit Score Does Not Matter

No Application Fee

No Closing Cost

2 Page Application

24 Hour Approval

 

Do you see how easy it is to qualify for this type of funding vs. a traditional bank loan?

Additional benefits of this type of funding:No Preset Dates No Preset Amounts No Need to fill out stubs and enclose checks The process is fully automated; “We’re paid if and only when you’re paid” This is NOT a Loan. 

Now let’s answer the most frequently asked questions about this type of financing.

 

What is The Difference Between a Bank Loan and Credit Card Receivables Funding?

A business bank loan is a time consuming and inflexible process where the bank is very restrictive. You need a lot of documentation, collateral and your business has to be in an excellent shape. In a few words; the bank will usually lend you money when you least need it. Should you eventually get the loan; the repayment time is rigid as well as the amount and date on which it has to be paid. At Crown Financial Services, Inc. we have made the approval process very simple and straight forward. Approval and funding is usually done within a week. Since this is not a loan, your credit is not affected. The repayment process focuses on how your business is doing; “We’re paid when You’re paid”

 

How Do I Qualify For Funding?Thanks to our innovative system, the application process is quick and easy. All you need to qualify is:

  • One year in business
  • At least $5,000 in VISA/MC sales per month
  • No unresolved bankruptcies

 

Does it Cost Anything to Apply?

No, the application is free and we charge no processing fees to fund you.

 

How Much Funding Can I Get?

$5,000-$300,000 per location. The amount depends solely on your monthly VISA/MC sales volume.

 

How Quickly Can I Get Funded?

As little as four days but typically 7-10 working days. The funds are deposited directly into your business account.

 

Are There any Limits on How I Can Use the Money?No, most companies use the money to grow their business; remodel, add space, marketing, purchase additional inventory or employ more people to name a few. Others use the funds for events that they didn’t plan or budget for. In any way you see fit for your business. 

How do I Repay?
A small percentage is deducted from each credit card transaction. We don’t have any preset amounts or dates. The time to repay depends on your sales; if you have a slow month, you pay back a little less and it also depends on the program you qualify for.
 

Is There a Penalty for Early Repayment?

Since this is not a loan with a fixed time frame, we do not charge anything if you repay a little quicker than you anticipated.

 

Do I Have to Switch Processors?

Not necessarily, we have a list of processors that we work with. Should you have to change, no need to worry – we will beat your current rates.

 

When can I re-apply?

Once you have repaid the original Business Cash Advance you can apply again. It is possible to apply for an additional Business Cash Advance, provided that part of it will be used to pay off the original funding. In most cases, the initial Business Cash Advance has helped to grow the business and you now qualify for increased funding levels.

 

How do I know my current balance?We will provide you with printed monthly statements. In addition, you will be able to go on-line and get up-to-the-minute information. All this is in addition to the statements you will receive from the Credit Card Processor. 

Businesses seeking cash for working capital — look no further. Crown Financial Services offers a unique solution for clients who need a quick infusion of money now.  

Crown Financial Services uses 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 solely on the predictability of a company’s future credit card sales.

 

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 running up credit card bills as forms of financing.  

Crown Financial Services can help their clients avoid these financial black holes through purchasing a fixed amount of the business’ future credit card sales, at a small discount, and in turn, providing them with a lump sum of working capital.  

Crown Financial Services, proud members of both the American Cash Flow Association and Las Vegas Chamber of Commerce. We work with 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.

 

With fast, courteous and professional service, we aim to help businesses reach their financial goals and dreams. We appreciate you allowing us to explain
our working capital solutions for small business.

 

Let us provide you with a lump sum of cash now! Call today for a free no cost no obligation consultation, (866) 560-8079. Call in to see if you qualify for a $25,000 lump sum cash advance! What are you waiting for? Let’s start the process today!

Merchant Cash Advances-New Years Cash Flow for Retailers

Monday, December 10th, 2007

Merchant Cash Advance strategies for short-term working capital management are often overlooked because of an apparent preference for long-term business financing. Although long-term business loan options are frequently appropriate, there are several short-term working capital management possibilities that will be much more effective for business owners in achieving successful business financing results. One of the most overlooked short-term working capital financing strategies are merchant cash advance programs.

Merchant Cash Advances - SHORT TERM WORKING CAPITAL MANAGEMENT

For any business that accepts credit cards as a method of payment, a merchant cash advance is a critical business financing tool that is often overlooked. Even thriving businesses frequently need more working capital than they can borrow from a bank. One of the least-known merchant financing strategies for successful businesses is potentially the single best working capital management strategy for obtaining needed cash for growing their business: the use of a merchant cash advance program.

The most likely candidates to benefit from this working capital loan strategy are retail stores, service businesses, restaurants and bars. The highly-recommended and highly-effective working capital financing strategy uses an under-utilized business asset (credit card receivables) to obtain merchant cash advances based upon a merchant’s sales volume.This working capital management strategy is also known as “credit card factoring”.

Many businesses have relied upon a working capital financing strategy called “receivables factoring” or “receivables financing” which allows them to sell their future receivables at a discount. Most small businesses cannot adequately document their receivables in order to qualify for this kind of business financing. Many other small businesses (such as restaurants, bars, retail stores and service businesses noted above) simply do not have such receivables to rely upon as a commercial financing tool.

What these businesses do have in many cases is documented sales volume and documented credit card sales activity. It is this documented level of sales volume and credit card sales activity that becomes a financial asset to the business and its business financing strategies. Merchant cash advances from $5,000 to $1,000,000 can usually be obtained based on a merchant’s sales volume and future credit card sales.

The business financing time period covered by a merchant cash advance is typically 12 months or less. For businesses that desire to continue the merchant cash advance program beyond this period, it is usually an easy matter to get an additional business cash advance once the initial one has been completed. Typically in 48 hours.

As with any successful business financing strategy, there will typically be only a small handful of  lenders who are effective at implementing this working capital management strategy properly. There are also a number of problems to be avoided with merchant cash advance programs, so choosing the appropriate provider of this business financing service is extremely important to any business owner considering a business cash advance program.

Dan Ollman is the CEO and President of Crown Financial Services, Inc.Crown Financial Services, Inc. is based in

Nevada and provides assistance in obtaining working capital up to $1,000,000, in 5-7 business days, using credit card receivables for bars and restaurants, retail stores and service businesses.  Call now for a free no cost no obligation consultation, (702) 367-3281.Or visit us at (www.crownfinancialservices.net) and download a free booklet, “Ten ways to get working capital for your business”.

Credit Card Factoring-Working Capital for the New Year

Monday, December 10th, 2007

One of the best ways to obtain working capital for small business is also one of the least known. It’s called credit card factoring. Credit card factoring is a very unique solution for those who need a quick infusion of cash. 

Every small business needs capital at some point. Small business loans are getting harder and harder to get from traditional lenders. In fact banks decline over 90% of all small business loan requests for various reasons including insufficient time in business, no collateral and less than perfect credit.  

Credit card factoring 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 solely on the company’s future credit card sales. A Credit card factoring funding for your business may be just what you’ve been looking for. 

According to the latest statistics from Equifax, there are more than 6 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.  

Credit card factoring cash advances typically varies from $5,000 to $1,000,000. 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 $1,000,000, in 5-7 business days, using credit card factoring for bars and restaurants, retail stores and service businesses.

Merchant Cash Advances

Monday, December 3rd, 2007

Merchant Cash Advance strategies for short-term working capital management are often overlooked because of an apparent preference for long-term business financing. Although long-term business loan options are frequently appropriate, there are several short-term working capital management possibilities that will be much more effective for business owners in achieving successful business financing results.

One of the most overlooked short-term working capital financing strategies are merchant cash advance programs.

Merchant Cash Advances - SHORT TERM WORKING CAPITAL MANAGEMENT

For any business that accepts credit cards as a method of payment, a merchant cash advance is a critical business financing tool that is often overlooked. Even thriving businesses frequently need more working capital than they can borrow from a bank. One of the least-known merchant financing strategies for successful businesses is potentially the single best working capital management strategy for obtaining needed cash for growing their business: the use of a merchant cash advance program.

The most likely candidates to benefit from this working capital loan strategy are retail stores, service businesses, restaurants and bars. The highly-recommended and highly-effective working capital financing strategy uses an under-utilized business asset (credit card receivables) to obtain merchant cash advances based upon a merchant’s sales volume.This working capital management strategy is also known as “credit card factoring”. Many businesses have relied upon a working capital financing strategy called “receivables factoring” or “receivables financing” which allows them to sell their future receivables at a discount. Most small businesses cannot adequately document their receivables in order to qualify for this kind of business financing. Many other small businesses (such as restaurants, bars, retail stores and service businesses noted above) simply do not have such receivables to rely upon as a commercial financing tool.

What these businesses do have in many cases is documented sales volume and documented credit card sales activity. It is this documented level of sales volume and credit card sales activity that becomes a financial asset to the business and its business financing strategies. Merchant cash advances from $5,000 to $1,000,000 can usually be obtained based on a merchant’s sales volume and future credit card sales.

The business financing time period covered by a merchant cash advance is typically 12 months or less. For businesses that desire to continue the merchant cash advance program beyond this period, it is usually an easy matter to get an additional business cash advance once the initial one has been completed. Typically in 48 hours.As with any successful business financing strategy, there will typically be only a small handful of  lenders who are effective at implementing this working capital management strategy properly.

There are also a number of problems to be avoided with merchant cash advance programs, so choosing the appropriate provider of this business financing service is extremely important to any business owner considering a business cash advance program.

Dan Ollman is the CEO and President of Crown Financial Services, Inc.Crown Financial Services, Inc. is based in Nevada and provides assistance in obtaining working capital up to $1,000,000, in 5-7 business days, using credit card receivables for bars and restaurants, retail stores and service businesses.   Call now for a free no cost no obligation consultation, (702) 367-3281.Or visit us at (www.crownfinancialservices.net) and download a free booklet, “Ten ways to get working capital for your business”.

Credit Card Factoring- Financing for Aggressive Retailers

Monday, December 3rd, 2007

Credit Card Factoring strategies for short-term working capital management is often overlooked because of an apparent preference for long-term business financing. Although long-term business loan options are frequently appropriate, there are several short-term working capital management possibilities that will be much more effective for business owners in achieving successful business financing results. One of the most overlooked short-term working capital financing strategies is Credit Card Factoring programs.

 Credit Card Factoring - SHORT TERM WORKING CAPITAL

MANAGEMENT For any business that accepts credit cards as a method of payment, a Credit Card Factoring advance is a critical business financing tool that is often overlooked. Even thriving businesses frequently need more working capital than they can borrow from a bank. One of the least-known merchant financing strategies for successful businesses is potentially the single best working capital management strategy for obtaining needed cash for growing their business: the use of a Credit Card Factoring program.

The most likely candidates to benefit from this working capital loan strategy are retail stores, service businesses, restaurants and bars. The highly-recommended and highly-effective working capital financing strategy uses an under-utilized business asset (credit card receivables) to obtain Credit Card Factoring advances based upon a merchant’s sales volume.This working capital management strategy is also known as “credit card receivables funding”.

Many businesses have relied upon a working capital financing strategy called “receivables factoring” or “receivables financing” which allows them to sell their future receivables at a discount. Most small businesses cannot adequately document their receivables in order to qualify for this kind of business financing. Many other small businesses (such as restaurants, bars, retail stores and service businesses noted above) simply do not have such receivables to rely upon as a commercial financing tool.

What these businesses do have in many cases is documented sales volume and documented credit card sales activity. It is this documented level of sales volume and credit card sales activity that becomes a financial asset to the business and its business financing strategies. Credit Card Factoring advances from $5,000 to $1,000,000 can usually be obtained based on a merchant’s sales volume and future credit card sales.

The business financing time period covered by a Credit Card Factoring advance is typically 12 months or less. For businesses that desire to continue the Credit Card Factoring advance program beyond this period, it is usually an easy matter to get an additional business cash advance once the initial one has been completed. Typically in 48 hours.

Dan Ollman is the CEO and President of Crown Financial Services, Inc.Crown Financial Services, Inc. is based in Nevada and provides assistance in obtaining working capital up to $1,000,000, in 5-7 business days, using credit card receivables for bars and restaurants, retail stores and service businesses.  

Call now for a free no cost no obligation consultation, (702) 367-3281.Or visit us at (www.crownfinancialservices.net) and download a free booklet, “Ten ways to get working capital for your business”.