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Comparing Business Cash Advance Loans: 5 Helpful Tips to Look For and Avoid

Article Description:
====================

Merchant cash advances, also referred to as 'business cash
advances' are a resourceful, excellent alternative to
conventional small business loans - without the hassle. And
because of the power of the Internet, merchant business cash
advances are quite easy and convenient.


Additional Article Information:
===============================

615 Words; formatted to 65 Characters per Line
Distribution Date and Time: 2008-03-06 05:48:00

Written By:     Scott Burke
Copyright:      2008
Contact Email:  mailto:[EMAIL PROTECTED]



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Comparing Business Cash Advance Loans: 5 Helpful Tips to Look For and Avoid
Copyright (c) 2008 Scott Burke
MAXX Business Solutions
http://www.cmscreditcards.com/



What do you do if you are a small business owner who needs cash?
Is your business in need of a quick cash infusion?

Merchant cash advances, also referred to as "business cash
advances" are a resourceful, excellent alternative to
conventional small business loans - without the hassle. And
because of the power of the Internet, merchant business cash
advances are quite easy and convenient.

If your business accepts credit card payments from your
customers, and enjoys specified revenues per month, your business
will most likely qualify for a business cash advance based on
projected future credit card sales.  Merchant funding companies,
like MAXX Business Solutions, make the process easy with online
application and quick approvals - regardless of credit history.

Remember the following points when researching merchant business
cash advance options:

 * You need to have been processing credit card payments to your
business for at least two months to qualify for most business
cash advance loans.

 * Most merchant funding companies require a minimum monthly
credit card sales revenue.

 * Be sure to get a number of proposals to compare your options
carefully.


5 Helpful Tips When Comparing Business Cash Advance Loans:

Read the Fine Print on the Merchant Business Cash Advance
Documents

If you're considering a business cash advance offer that looks
too good to be true – that's because it probably is. Carefully
read the entire application and proposal to make sure you're not
missing any hidden charges, such as up-front fees or closing
costs. You shouldn't have to pay either on a business cash
advance, and if those are included, move on to another merchant
funding provider.

No Collateral or Financial Statements Should be Required for a
Merchant Cash Advance

There is no reason you should be asked for any form of collateral
when applying for a business cash advance loan. As for financial
statements, look for a merchant funding provider that doesn't
require these at all or, at most, asks only for credit card or
bank statements going back just a few months to verify your
business credit card sales revenue. Most merchant cash advance
providers do require the business be at least 2-3 months actively
running.

Are Fixed Payments or a Fixed Term Required?

Since business cash advance payments are taken out of credit card
sales, there should be no fixed payment schedules or deadlines.
If the business cash advance merchant funding provider you're
working with is asking for either of these, look elsewhere.

What's the Business Cash Advance Limit?

For small business growth, the cash advance amount businesses
require will vary. The many merchant funding providers will offer
ranges from $25,000 to $250,000 per location.

How Long Have You Been in Business and What's Your Credit
Score?

Some business cash advance merchant providers will not offer cash
advance loans to a business unless it's been established for 2-3
years. Again, with the power of the Internet, there are many more
options available to small business merchants. Do your research.
And do the same when it comes to questions about your credit
score. Merchant funding companies, like MAXX Business Solutions
offers business cash advance loans to businesses that have been
processing credit cards for 60 days with at least $3000/month in
credit sales - regardless of credit history.

In Conclusion:

Take advantage of the Internet and all the information you can
find on merchant cash advances to determine whether it's the
right way for you to go. Do your research. Make your specific
list of criteria and be sure your merchant funding provider meets
all of these criteria. Decide which are your highest priority and
find the business cash advance lender that meets the most
important of YOUR needs, not theirs.





---------------------------------------------------------------------
MAXX Business Solutions (http://www.cmscreditcards.com), a leader in 
credit card processing, has earned the trust of their customers 
by providing business merchants a one-stop shop for credit card 
payment processing - that includes Internet, online and E-
Commerce merchant accounts - up to 5 quotes from merchant account
credit card payment processing providers, business cash advance 
loans and high risk merchant accounts and offshore merchant 
account solutions as a standard in Merchant Services for 
business.


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