Real Estate Blog - Business Cash Advance. No Liens, No Collateral, No Hassle!

Home : Blogs : Matthew J Blum - MyFavoriteMortgage.net : Mortgage Advice in South Florida

Business Cash Advance. No Liens, No Collateral, No Hassle!

Business Cash Advance

As a Mortgage Broker in Palm Beach Gardens, Florida many of my clients are Self-Employed Borrowers. Many of these Clients Business are based on Seasons and therefore have up's and down's on their cash-flow. This is why I am so excited about a new product that one of my Investors/Lenders is now offering.

Business Cash Advance

You might be asking what is Business Cash Advance. BCA (Business Cash Advance) or sometimes called Merchant Credit Advance, is an advance of real Dollars $$ to a Merchant based upon the average Credit Card use (Visa/Mastercard only) Features include:

NO Personal Guarantees
Quick Funding (Usally between 3-7 Business Days)
Minimal Requirements

So now that I have your attention, you might be asking yourself how does this program work? The Business or Merchant is advanced a percentage of their average monthly credit card use (12 month average) typically 125%. Then a portion is taken out of every future sale over the next 9 months. If you have a slow month your payments will reflect that. Perfect for a Seasonal Business.

Business that are Eligible

Bar / Nightclubs
Beauty Salons
Dry Cleaners

Gas Stations
Restaurants
Retail Sales

Hotels / Motels
Auto Repair Shops
Day Care Centers

Convenience Stores
Nail Salons
and so many more....

The Fun Part:

Requirements

Minimum of 12 months that the Business has been accepting Credit Cards (Visa/Mastercard)
minimum of 15+ Transactions a Month
$5,000+ a Month in Credit Card Sales
All Bankruptcies have been discharged over 12 months
Minimum of 1 year remaining on current Lease
Personal Credit is Looked at as a guide only (FICO is not a determining factor)

Some of my readers on my blog have been asking if I am leaving the Mortgage Business because I have expanded the products that I offer my clients. I believe in the current market conditions only the strong will survive. As a Mortgage Broker I am firm believer that we must expand what we offer our clients and Business Cash Advance is just one of the new products that I am offering.

For More Mortgage Advice: Mortgage Advice in South Florida

For More Info on this Product: Business Cash Advance

Posted by Matthew J Blum - MyFavoriteMortgage.net on 03/12/2008 08:00 AM

Comments (8)

business cash advance, mortgage industry

This post has been included in Florida Information Palm Beach County, FL Information Palm Beach Gardens, FL Information

8 Comments on Business Cash Advance. No Liens, No Collateral, No Hassle!

MAR

2008

Matt, You are certainly expanding into other areas. That's a good thing. We always have to flexible and go where opportunity leads us. This sounds like a pretty good probuct for the small business owner. Good luck with it.

Bryant, I believe it is. It is not cheap money but when times get tough it is nice to know where you need to go for a bandaid..:-)

Matt - Sounds of interest, feel free to email me the info. Thanks man.

Jason, I am surprised you did not go to the last link in the post. The link was a perfect Sardi Link..:-) Anyway check your personal e-mail my friend.