Jul
01
2009

Merchant Cash Advance: working capital for retailers

What are Merchant Cash Advances?

Merchant Cash Advances (sometimes called credit card funding) is an advance based on merchants’ future credit card transactions It is potentially a hassle free alternative to a business loan as it provides working capital which is not necessarily secured by property for small businesses. Advances are usually from $5,000 up to $150,000.

The Nova Business Finance Merchant Cash Advance program is a convenient, fast and easy way to get the working capital you need for your business exactly when you and your company needs cash most. The advance is based on future credit card sales, and we provide your business with the cash in advance without all of the formalities and strict requirements of most traditional small business loans or other lending institutions.

Good credit, security collateral and a long business history and most importantly, a first mortgage over your house are the common requirements of conventional small business loans, which is not available to all business owners.

The Nova Business Finance Merchant Cash Advance is a perfect alternative for people and business unable to qualify under usual bank requirements but have a good business with potential. .

A merchant cash advance allows you to leverage the greatest untapped asset you have… your future sales!

The concept is simple. We will advance to you a lump sum in exchange for a percentage of your future credit card sales.

As transactions roll in we get paid back with a fixed percentage of the daily credit card receipts.

· 90% approval rate

· Up to $150,000

· Tax deductible fees

· No first mortgage required

· No financial/tax returns required

· Fast approval

· No hidden charges

· No fixed monthly payment

· No fixed interest rate

· An advance when others say NO!

 
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