Many Small Businesses Get Cash Advances (NAPSA)—A growing number of small businesses that have pre- viously faced obstacles getting working capital now have a prac- tical solution they can bank on. Theyre taking a cash advance on future credit card receivables. This method of getting needed capital is gaining momentum, par- ticularly in light of the inundation of Small Business Administration loan requests during recovery efforts on the Gulf Coast. The cash advances taken by these credit-worthy businesses are called Merchant Cash Advances and are completed without the time, documentation and avail- ability issues associated with a traditional loan. Here’s how it works. Compa- nies such as AdvanceMe (www.advanceme.com), the nation’s leading provider of merchant cash advances, purchase a portion of small- and mid-size businesses’ future credit card sales. These assets, which traditional lenders and investors do not value, help business owners to access capl- tal quickly and easily without leveraging their homes or other personal assets. Businesses sim- ply sell AdvanceMe a portion of their future credit card sales at a discount in exchange for a lump sum of working capital today. The process has a number of advantages for merchants: An option that is gaining momentum among small- and mediumsize businesses when they need working capital is called a “Merchant Cash Advance.” their busy season. e Often, a Merchant Cash Advance is preferred over a tradi- tional bank loan because payment of the obligation is directly tied to the merchant’s revenue. In this way, the Merchant Cash Advance Vendor only gets paid when the business gets paid. e It provides business owners with the capital to fund marketing and advertising campaigns, purchase equipment, train employees It helps small businesses and/or attend industry seminars, which they might otherwise not be able to do. valuable to businesses whose day- made over 30,000 advances, pro- manage their cash flow throughout the year. This is especially to-day operations are impacted by seasonality, such as those in small college towns. It gives them access to the cash necessary to weather the seasons, whether or not it’s Since 1998, AdvanceMe has viding more than 138,000 businesses in all 50 states with more than half a billion dollars in working capital. AdvanceMe can be reached at 1-866-700-6486.
