How Does Merchant Account Cash Advance Lending Really Work?

You must work with the right company when utilizing a merchant account cash advance!

On a good month, the money is paid back a little bit faster. But in a slower month, it will be paid back a little bit slower.

You will be required to switch to a designated credit card processor prior to being funded. This is for the benefit of the customer, because when lending money out and buying people’s receivables, a very important part is how fast can the money get to the customer when they’re doing their business again?

There is an additional delay by setting up a lockbox, which can be done in some circumstances if somebody’s tied to it, but the faster I can get the money, the less money I have to give that merchant to have the same impact on their business. If there is 3-day delay on somebody and they have $100,000, I could have given that same merchant $90,000 and would have the same impact on their company.

Merchants who submit the merchant information form, the last 12 months of credit card statements can be approved and funded in 5 to 7 business days.

The automatic repayment method of the merchant’s daily Visa/Master Card receipts really streamlines the repayment process. It really assists in those bad months.

To read more about Merchant Account Cash Advance Lending and The Insider Secrets of Business Credit Call today!

Finally I can expose the “insider banking secrets” about how your business can get cash — real lines of credit, NOT vendor credit — to expand your success! This is a skill that must be mastered in order to maximize your company’s ability to survive and thrive through the rough times.

About The Author: Scott Letourneau is the CEO of Fast Business Credit, Inc. When it comes to securing cash and vendor lines of credit and avoiding costly mistakes his company is the authority. For further assistance regarding the development of business credit go to http://www.FastBusinessCredit.com or call FBC at 1-888-313-6333 or 702-977-5246.