Intended for weaker credit individuals and/or Working Capital needs, a Small Business Cash Advance could be accomplished somewhat easily.
How? A very common type of Small Business Money advance is where a finance company can advance you funds based on the future credit card sales.
If you have any queries with regards to where and how to use 소액결제 현금화, you can get in touch with us at our internet site.
We all know that Financing A New Business can be difficult but if you might have at least 6 months in business under your belt, and are in need of some working capital financing, this may be the way to go.
How does it work? Simply put, you are going to gather the last 4 months of your credit card product sales statements to show the finance business what your average monthly product sales are. If you meet the criteria, they will buy a portion of your future credit card sales in a discount and you will pay them back as you “batch” out each day.
You will probably have anywhere from 9 to 14 months to pay back the advance. The great thing about this type of Small Business Financing will there be is no monthly payment to keep track of. The advance that you receive is paid back everyday based on the percentage of credit card dealings that you did for the day.
So if you possess a slow day, your payment that day will be smaller. If you have a more profitable day with credit card dealings, your payment will be higher.
Some criteria that will be considered when approving you for a cash advance for your business is how many transactions per day you are doing, how big each transaction is, etc .
It will be harder to get approved in case you have only a few small transactions per day since most finance companies who offer this type of cash advance will not take more than a small percentage of your daily sales. For obvious reasons, they do not want to put you out of business.
A Small Business Money advance can be a great alternative to Small Business Funding if you are in need of Financing A New Business or just in need of some Working Funds Financing. The finance companies generally usually do not care what you are using the funds for so this type of financing is particularly good if you are strapped for cash or need money to expand.