How Would You Rate Your Merchant Account?

[david_6366]

Unlike local lenders, independent service organizations that offer business cash advances don't enact stipulations with the path entrepreneurs use the monies that was advanced. This gives a business owner significantly more flexibility about which costs they choose to spend on. Of course, this also means that the lender is willing to take a more dangerous degree of risk which they recoup through potentially higher interest rates

With an approval percentage of up credit card processing agent commission to ten times that of normal lenders, merchant loan agents do not require their applicants to display their bank statements or pass tough credit checks. However, certain conditions need to be met. Applicants must process a sufficient number of credit card revenues to qualify, as repayment is tied to these revenues. Sales records dating back 3-12 months will be requested and a history of at least 6 months in business is mandatory under most circumstances.