Crown Financial Services

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. 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. 

 

Merchant Cash Advance 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 Merchant Cash Advance over other forms of financing? A Merchant Cash Advance, also known as credit card factoring, 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 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 $4,000 per month in credit card sales (MasterCard/Visa)

3+ months in business, preferably one year

No unresolved bankruptcies

 

Let’s compare the qualifications: Merchant Cash 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

 

Merchant Cash 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”

Crown Financial Services is proud members of the American Cash Flow Association, the Las Vegas Better Business Bureau and Las Vegas Chamber of Commerce. 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!

Credit card factoring is a very unique solution for those who need a quick infusion of cash now. 

Credit card factoring funding utilizes an asset that is unrecognized by traditional financial institutions — future credit card sales — to determine the financial viability of a business. Credit card factoring fundings are based on the predictability of a company’s future credit card sales. Yes, a credit card factoring funding for your business may be just what you’ve been looking for. 

Every small business needs a quick infusion of cash at some point. Small business loans are unavailable from 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 funding. 

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.  

This type of business cash advance typically varies from $5,000 to $1,000,000 per location. 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 advances 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 receivables for bars and restaurants, retail stores and service businesses.

When a small business needs funds quickly, a merchant cash advance offers unlimited flexibility. Also, it’s easy and exceptionally fast.

80% of all small businesses fail during the first year. 92% are unable to get traditional financing from banks. But restaurant and retail operations, or any business that accepts credit cards as a form of payment, can now get a merchant cash advance on expected future credit card sales. And many smart companies are using that option to stay afloat.

There are as many different needs for a merchant cash advance, or credit card receivables financing, as there are small businesses operating today. For example, a restaurant owner who can’t quite make payroll may survive the crisis and keep his doors open with a merchant cash advance.

A mom and pop hardware store could suffer a flooded basement or damaged piece of equipment or loss of inventory and need to make an immediate and often substantial expenditure. Even when these extra expenditures are covered by insurance, there might be a lag time until reimbursement. This is where a merchant cash advance can become a small businesses lifeline.

Then, there’s just the unpredictability of running a business on a day to day basis. Routine occurrences, like a slip in sales because of bad weather or a shutdown during a power outage, can cause a significant cash crunch.

Small businesses also may need an influx of cash for a growth opportunity. If a hair salon is looking to expand its services and become a day spa and the space next door suddenly becomes available, the owner will need money to renovate. With a merchant cash advance the owner could have the needed funds in hand in just 5-7 work days.

The advance amount the merchant can receive is determined by calculating the company’s average monthly Visa and MasterCard credit card sales for the past six months. The level of financing ranges from $5,000 to $1,000,000, and funds can be obtained in as little as a week.

The loan amount is typically 100 percent to 150 percent of the average monthly Visa/MasterCard volume. Cash is also used as the basis for the loan in certain situations, such as diners, pizza places, and sandwich shops. The bottom line: The merchant’s monthly payment should be in the neighborhood of 10 percent of his total monthly volume, including cash, and Visa/MasterCard.

Loans generally average $35,000-$50,000, and the loan is paid back within 5-12 months. After the merchant pays back the loan, he has an opportunity to renew the arrangement again.

Payment is simple. The merchant cash advance funder will work through a credit card processor to draw money from actual profits as payments are made using credit cards. Or, the merchant cash advance funder may draw his payments directly from the merchant’s bank account once the credit-card payments are deposited there.

It’s beneficial for the merchant to hire a consultant in the cash flow industry who knows what each of the merchant cash advance funding sources requires and can help the merchant find the best match.

In addition to helping locate the most appropriate funder, cash flow consultants can help the merchant fill out the application. The funder’s underwriting department will then pre-approve the merchant’s application, working on the assumption that the information on the application is correct. The pre-approval process generally takes 48 hours or less. After all the information is verified, the deal can be financed, typically, within 5-7 days.

Merchant cash advance financing can be a great way for a small business to get the cash it needs to grow, or to get through a particularly difficult time. For many small businesses, it may be the only source of funding that will help it survive.

Crown Financial Services, Inc. today announced that it has published The 10 Ways to get Working Capital Booklet http://www.crownfinancialservices.net/apply to assist business owners in obtaining additional working capital. The booklet provides critical background information which can help commercial borrowers throughout the

United States obtain appropriate terms for credit card factoring advances up to $1,000,000 based on future credit card sales.
According to Dan Ollman, President of Crown Financial Services, Inc., “Even thriving businesses frequently need more cash than they can borrow from a bank. The 10 Ways to get Working Capital booklet focuses on one of the least-known commercial financing strategies based on using credit card receivables for obtaining needed cash for growing a business”. This booklet offers many other places to seek capital as well.

This commercial financing strategy is known as credit card factoring advances, merchant cash advances, business cash advances or credit card receivables financing. It uses an under-utilized business asset (future credit card sales) to obtain credit card factoring advances based upon a merchant’s average monthly Visa/MasterCard sales volume. Credit card factoring advances enable businesses to convert future cash flow into immediate working capital. 

The most likely candidates to benefit from the use of credit card factoring advances are restaurants, bars, service businesses and retail stores.  

Crown Financial Services, Inc is based in

Nevada and specializes in quick closings for merchants who can not find traditional funding sources.  

The free “10 Ways to get Working Capital” booklet has been published online by Crown Financial Services, Inc. at http://www.crownfinancialservices.net/apply to provide guidelines for obtaining credit card factoring advances by businesses such as restaurants, bars, service businesses and retail stores. 

 The 10 Ways to get Working Capital Booklet will help commercial borrowers throughout the

United States obtain appropriate terms for working capital and credit card factoring advances up to $1,000,000 based solely on future credit card sales.