Small Business Cash Advance
Vs
Small Business Loans
Small business owners know
small business loans are hard to find
these days. Banks decline as many as 98%
of all
Bad Credit Small Business Loans applications. Many banks may
also require
you to be in business for an extended
period, and may require you to have physical
assets for collateral to receive working
capital for your small business.
Did you know there is a new alternative to
receive working capital for your business?
Most business owners do not realize they have
a hidden asset they can receive funds
against. The future Visa and MasterCard
sales from your customers can be purchased
in advance. Unlike a bank, a business
cash advance program has a
100% approval rate
for qualified applicants. And with a
small business cash advance you only need to
be in business for 2 years
to qualify. Ask us for more information on
how your business can receive up to $1,000,000
in working capital against its future
Visa/MasterCard sales in
as little as 7 business days.
Unsecured small business loans can be
very difficult to obtain as well.
A small business cash advance is
one of the easiest and most popular methods
for small business financing. The merchant
cash advance
business has been around for a while, but
gained the popularity and exposure in the
last few years. Our merchant bank
purchases a predetermined number of VISA or
MasterCard sales receipts, and provides
business cash advance to the sellers in lieu
of those receipts.
Funds received through
a business cash advance is
not a loan. It is a cash advance paid
against Visa or MasterCard merchant account
receipts. These amounts are paid back
through the merchant account itself.
Below is a comparison
chart that will highlight the differences:
|
Small Business Cash
Advance
|
Small Business Loan
|
|
A 90% rate of
approval on working capital Cash
Advance requests for qualified
merchants
|
Banks Reject most
small business loan or
restaurant loan credit requests
|
|
Approval of your
Business Cash Advance in an
average of 24-72 hours once all
paperwork is submitted
|
Approval of a
small business loan on
average is 1-4 weeks once all
paperwork is submitted
|
|
It typically
takes about 7 days or less
to get cash in your hands |
IF you are
approved for a small business
bank loan it could typically
take 4-8 weeks
to get your money |
|
No fixed monthly
payments to worry about.
Repayment is made by a % of your future credit card
sales (Visa and MasterCard only)
until paid in full. You advance gets paid
back when you get paid by
your customers. Therefore, if
you have a slow month, your
payback to us slows down.
|
Small Business
loans typically have a fixed
monthly payment. Failure to make
this payment can result in a
default of a bank loan. Payments
DO NOT slow down if you have a
slow month.
|
To learn how
your business can get from $2,500 to $1,000,000 in
working capital against its future
Visa/MasterCard sales from your customers,
fill out the form below for more information.
Optigroove LLC (Dallas, TX) can provide your business up
to $1,000,000 in working capital against its
future Visa/MasterCard sales from your
customers. We have a 100% approval rate, and
cash is typically available in 7 days or
less.
* Note: This is a business cash advance;
and not a loan product.
|
How you can
qualify for an unsecured
small business cash advance?
* You have a business that
accepts VISA and MasterCard as
a form of payment.
* You process a minimum of
$5,000 dollars a month.
* You can provide 4 months of
past credit card statements and
bank statements (12 months if
business is seasonal).
* You have been in business
at least 1 1/2 years.
|
Complete the form below for a Small Business
Cash Advance Professional to contact you.
|
