subject: The Hidden Asset For Small Business To Obtain The Working Capital They Need [print this page] Most small business throughout the United States relies on accepting Credit Cards as a form of payment. If you are in business and you are not accepting Credit Cards you are limiting your business growth and also limiting your power to securing the financing every business will need at one time or another.
Securing financing for the small business owner is becoming more and more challenging. The fact is every small business owner come across a time when their business is in desperate need of a cash infusion for one reason or another.
Merchants and Entrepreneurs have always been a special breed of business person relying on their ability to seize an opportunity and to capitalize on trends in their business when they appear. This is how the small business person stays ahead of the competition.
Many of these small business owners fall short of greatness for the simple reason they lack the funds to implement their ideas. It's not the lack of innovation or motivation that stifles these business owners but having access to the funding they need when they need it. In business timing is everything.
Today for the smart small business owner they are leveraging their future credit card receivables to secure the funding they need when they need it. This is their most powerful hidden asset. Today many small businesses are turning to credit card receivable funding companies, would now provide a business a cash advance against their merchant account future credit card receivables.
The Banking industry for years has been referring to this type of financing as "account receivable factoring" Only a few short years ago this concept of financing has been made available to the small business owner with a merchant account.
With this financing in place the small business owner takes a cash advance and repays the lender through a percentage of each credit card transaction within their merchant account. This is a fast easy and flexible way for the merchant to obtain the funds they need when they need it and in a timely and orderly manner the merchant repays the lender.
The great thing about this funding id that is regulates with the type of business volume the merchant ids doing and does not choke the dash flow of the business. The small business owner is never strapped with a fixed monthly payment and never has to give a personal guarantee.
When you get a business cash advance the application process is very simple. There are very different underwriting criteria they are much more relaxed than standard bank lending terms. The approval rate for a business cash advance is very high as high as 96% for the merchants that are approved.
When you have this type of financing in place and if managed responsible, small business now has no limitations on its growth potential. The only limitations you have now are in your imagination as a Business Owner.
