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Last Updated: Jul 2nd, 2008 - 21:15:22 |
(NUI) - Cash advance funding, cash advances against a portion of future sales, has been utilized by businesses for hundreds of years.
Today, the collection of the future funds is automatically debited slowly through your credit card services. Services like Xpress Business Funding offer business owners the opportunity to access instant capital. Qualifying businesses must be at least a year old and must have been processing a minimum of $5,000 a month from their Visa/MasterCard customers. These companies need only to apply for an immediate cash advance, whether they use it now or as needed in the future. Business peace of mind comes with knowing that you have $5,000 to $50,000 available in cash when you need it the most.
However, in the past, business owners who needed extra capital might have taken out a loan from the bank. This process was and still can be long and frustrating. Getting a loan from a bank has always included lots of forms and a difficult approval process.
Plus, the entire situation becomes a "catch 22." Banks favor more successful businesses when approving loans, yet businesses that are not on top are the ones that need extra capital the most. Extra capital enables small to medium sized businesses to grow, and business growth helps everyone by improving the economy and providing jobs.
Why do services today offer these cash advances on future sales that might not happen? Since the banking crisis of the early 1990s, most investment capital has gone into residential mortgages, home equity lines and consumer credit card debt. This shift has put massive amounts of buying power in consumer hands - but left little capital for small businesses.
As a result of all this new consumer credit, purchases of goods and services on credit are soaring. Some people even buy groceries with a credit card. This growing consumer trend to use "plastic" for purchases is your "hidden asset" - the key to increasing your working cash capital.
Having the capital available when it's needed most is like having the key to a successful business.
One of the biggest problems in running a business is running short of funds or not having enough money to be able to take advantage of timely opportunities when they occur. When you can access cash as needed, your chances for success and continuous growth are greatly increased. In fact, this access gives you a form of "success insurance."
For more information on insuring your business's success with cash advance funding, go to www.xpressbusinessfunding.com.
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