Free Small Business Help and Resources

Discover Free Small Business Help in Florida Twitter Facebook Pinterest Linkedin GooglePlus Ask Dr. Deborah Small Business Financing With Dr. Bill
buzgate.org Press Room
Ohio SBDC

Merchant Cash Advance as Alternative Small Business Loan

October 15, 2008 at 10:44am

In these tough economic times (we are all probably tired of hearing about), small business owners need to be even more on top of their game in order to survive. The ones who stay educated will even find the opportunity amidst the crisis and come out farther ahead. In a recent article from Entreprenuer.com which talks about "Controlling Your Cash Flow" a hot topic in the merchant service industry is suggested as a means to stay afloat or even surge ahead. The topic of a merchant cash advance.

The article reads:

Raise capital in innovative ways other than traditional banking. "If you accept credit cards, there is something called a merchant advance where a third party will come in and review what your revenues have been and advance you capital today that you pay back in anticipation of future credit card receipts," says Deborah Osgood, founder of BUZGate.org, a business networking site.

Merchant cash advances are not necessarily new but will no doubt gain more popularity at a time when businesses are finding bank loans harder and harder to come by. These cash advances, based on your businesses future credit card sales, can be a blessing for some small business if they do their research, know the contract terms inside and out, and are able to use the money toward a valuable investment. As always we here at Payex suggest shopping around, going into a negotiation with questions, evaluate your options, and choose confidently.

For more information on how to apply for a merchant cash advance or simply to learn more about the topic please contact us via phone at 888.729.3948 Mon-Fri 9am-6pm EST or anytime via our contact form.

We also suggest checking out the Merchant Cash Advance Blog.

# # #

Reposted November 28, 2009:
http://sbdcfreeadvice.ning.com/profiles/blog/show?id=2208771%3ABlogPost%3A2866&page=1

Newsletter Subscribe

BUZGate.org is an award-winning entrepreneurial education and resource community serving small and medium-sized businesses. Content promotes awareness and access to free government and nonprofit assistance programs and select business-to-business products and services tailored to driving venture startup, growth and profitability.

NHBR Business Excellence Award SBA Business Champion New Hampshire Business Review Award Enterprising Woman of the Year Award MSNBC\'s Site of the Week Kim Komando\'s Site of the Day

As featured in:
Wall Street Jounal Los Angeles Times Business Week Inc. Magazine WPIX News Forbes AOL Money and Finance The Adams Report Reuters Yahoo! Finance State House News Service

Thanking our Champions of Small Business Education and Development. View All

Free Sitemap Generator