Archive for February, 2012

 

Business cash advance is perfect for those persons, who face difficulties in getting conventional business loans. Such people may be those who have just started their business, have poor credit history or those people who run business having irregular cash flow and hence cannot manage regular loan installments. The repayment of business cash advance loans is made through credit card receipts which can be made in a flexible manner.

Conventional business loans are usually not given to people with poor credit history. Such loans are also provided on very tough terms and conditions, with very strict repayment terms. No flexibility is allowed in the payment schedule which many times are very hard for the small business owners to cope with. The providers of business cash advance know very well that some of the borrowers may be having poor credit history. Hence, along with credit history, they also take into account the expected credit card sales of the business in the coming months. The whole process takes very little time and approval is granted in very quick time.

The business cash advance providers expect all their money to be repaid within a fixed period which is decided beforehand. The excess amount that is charged over the principal is decided by calculating it as a percentage of the expected credit card sales of a particular month. It is better to pay back this cash advance as soon as possible as it keeps on increasing with the tenure of the loan advance.

One problem that the business cash industry faces is the absence of any regulatory framework which is present in the rest of the financial services industry. The scene was pretty bad till now because there were some cash advance providers who exploited the small business owners and charged exorbitant charges from them. The whole industry was getting a bad name because of a few bad people.

But the scene has changed in recent times with the entry of reputed companies such as Orbit Business Loans. These companies are trying to discipline the whole industry by introducing the concept of self regulation in them. By providing cash advance to small business owners on easy terms and better service, cash advance providers hope to replace the big banks in the business loans market in the near future.

Share This:
[Digg] [Facebook] [Google] [LinkedIn] [MySpace] [Reddit] [StumbleUpon] [Twitter] [Email]
Comments (0)

It is no longer difficult to meet the daily expenses of your business, thanks to a new method of cash finance called as business cash advance. It helps in maintaining a healthy cash flow and meets the short-term cash needs of your business. It is also very convenient and affordable for the borrower.

Contrary to common perception that cash advance is a form of loans promoted in disguise by moneylenders, it is a new form of finance. It is much better than conventional business loans as such loans always have a fixed repayment schedule and any delay or default can ruin your credit score for a long time, making you ineligible for future loans. In business cash advance, loan repayment is done through credit card receipts by routing the payments one gets through credit cards to pay back the loan. You can easily pay back the loan in addition to having a regular income through other sales transaction receipts.

 

Compared to conventional business loans which requires a number of formalities to be fulfilled such as filling of lengthy forms, your income and address proofs, your tax returns and probably also some form of mortgage or guarantee; business cash advance loans are much easier to get. The paper-work and documentation formalities are there but there are much lesser. The approvals for loan come much faster and most of the companies do not insist on any sort of guarantee or mortgage.

Now comes the biggest plus point of taking a business cash advance loan – the borrower who has taken the loan is not personally liable to pay back the loan amount. Under conventional business loans, the borrower is personally liable to repay the loan and in caser of any default, he can loose his personal assets due to his liability. Business cash advance loans are paid back through credit card receipts and his personal assets are not in any danger.

Business cash advance loans have become highly popular among small business owners and this popularity is only growing more and more. The host of advantages of such loans, the ease of getting them and convenience of paying it back, without any risk to your personal assets will only make these loans to be the most preferred form of taking short-term loans in the future. So, if you also want to promote your business through a business cash advance, just visit our official website and let us take care of your financing needs.

Share This:
[Digg] [Facebook] [Google] [LinkedIn] [MySpace] [Reddit] [StumbleUpon] [Twitter] [Email]
Comments (0)

Business loans

Every business is started with an objective and an aim to make it big sometime in future. But this requires serious leadership qualities in the person running it and adequate money to fulfill all its financial needs. If you are confident of running your business successfully but are hampered by the lack of funds, then don’t be worried because you can fulfill all the financial needs of your business easily by taking unsecured business loans.

Businesses can be classified on the basis of their size or the type of ownership they have. They can be big or small in size and can be owned as a sole proprietorship, partnership or as a corporation. Hence, businesses can be very different but one thing where all differences end is the requirement of funds. All the businesses need adequate funding to take care of their financial needs regarding purchase of assets expansion plans or working capital requirements. Business loans are a great way to take care of all such financial needs.

 

The most appealing thing about unsecured business loans is that no security is required, which puts the borrower’s assets not under any form of risk of seizure. The amount of loan can vary from $5,000 to $250,000 with the repayment period from 1 year to more, depending upon the amount of loan and the credit history of the borrower. But it is advisable to take such business loans only for short term duration because of the high interest rates as no security is there.

By taking unsecured business loans, the borrower enjoys multiple benefits in the form of convenient cash slow management, retaining of the ownership as no outside party is involved and tax benefits on the loan interest. Many business owners are forced to sell a part of their business to outsiders because of need for funds. Hence, taking such business loans is very beneficial as you remain the owner of your business.

Reputed lenders such as Orbit Business Loans realized that all the big corporations of today were started as small business. They only emerged as big as all their financial needs were fulfilled in time. But many interesting ideas fail because of lack of funds. To prevent this tragedy, they are willing to back small businesses as a part of their social responsibility provided of the business strategy is sound and well organized.

Share This:
[Digg] [Facebook] [Google] [LinkedIn] [MySpace] [Reddit] [StumbleUpon] [Twitter] [Email]