subject: Grant A Business Finance Alternative To Shoe Business With The Merchant Cash Advances [print this page] The shoe industry needs proper flow of funds so as to fulfill the emergency contingencies. The expansion, purchase of other materials, advertisement and various other business needs are needed to be fulfilled within shortest period of time, so as the business is able to maintain a proper work flow. The business loans have very long procedures and contain lots of hassle. It is one of the major drawbacks for the business loans. No emergency needs can be fulfilled if the delay is there in the fund system. The merchant cash advances is a much better and easier financing alternative, providing a better business finance alternative that business loans. The merchant cash advance is based on the concept of the future credit sales of the merchant. It means that you will receive the funds in lieu of the future sales that your business will incur. The repayment is done through a small fixed percent being rolled back to the merchant cash advance provider, thereby providing advantages to both the entities. With the merchant cash advances, you can receive up to $250000 of unsecured cash advances that too with 72 hours to 7 days. The approval for the loan is received within 24 hours. The merchant cash advances have very less hassles and is very flexible in terms of fulfilling the shoe business needs. To be eligible for the merchant cash for the benefit of financing of your shoe business the following criteria are required to be fulfilled:
The shoe business must be located within the US.
Your shoe business must accept credit and debit card (Visa / MasterCard) as a mode of payment from the customers.
Your monthly credit sales of shoes should be a minimum of $5000.
The merchant cash advances have no security collateral attached to it. It has other various advantages which are mentioned below:
No hidden charges deduction: In the business loans certain unknown charges are being deducted without the prior knowledge of the merchant. This is not in the merchant cash advances. There are no such deductions for the merchant cash advances.
Very less paperwork and hassle free: The merchant cash advances have very less paperwork and is a very smooth, and rapid procedures. It is a hassle free way for financing your shoe business.
95% approval rate: The approval rate for the merchant cash advances is as high as 95%, but in case of the other business loans the rejection rate in certain cases is nearly 90%.
Pay as the income is generated: The merchant cash advance understands the business emergencies and the flow of revenue in the business is very important. If a fixed amount is repaid at monthly gaps, it creates burden. So in case of the merchant cash advances a fixed small percentage is rolled back from the sales of the business firm.
No security collateral or personal guarantee: Receive an unsecured cash advances, with no security collateral or personal guarantee.
Poor credit scores are accepted.
No application fees, start up or closing fees. There are no bills or any other such expenses.
