January 15th, 2008 | 
Author: 
Christopher Ronk asked:
If you have recently been turned down for a business loan because of bad credit; you are not alone. The economic downturn is taking a toll on thousands of business owner’s credit. When business slows down the way it has, it’s bound to happen.
People are doing whatever they can to keep their businesses open. Many are using their personal credit just to pay the bills, and that’s when the problems really start.
There is one option that many business owners have overlooked; and that option is called a merchant loan (or merchant cash advance). Rather than using your credit history as the main factor in approving your loan; a merchant loan provider looks at your business’s proven sales history to determine a cash advance amount. If your business has a proven track record of sales; chances are you will be eligible for a merchant cash advance.
Depending on your sales; you could be eligible for up to $500K. Many businesses use merchant loans even if their credit is good, simply because it is much faster and easier than a traditional bank loan. In fact; you can get funded in less than 7 days in most cases from start to finish. That is a fraction of the time it takes the banks to process a loan.
I’m sure that I don’t have to explain what you could do with the money, but you might be happy to know that with a merchant loan; there are no restrictions on how you spend it. Whether it be to catch up on bills, make payroll or expand your marketing efforts, having the extra working capital can really make a difference in your business.
If you have considered getting a business loan or have been turned down; you might consider looking into this type of business funding. I invite you to use the following link to learn more about merchant loans.
Company Credit Card
If you have recently been turned down for a business loan because of bad credit; you are not alone. The economic downturn is taking a toll on thousands of business owner’s credit. When business slows down the way it has, it’s bound to happen.
People are doing whatever they can to keep their businesses open. Many are using their personal credit just to pay the bills, and that’s when the problems really start.
There is one option that many business owners have overlooked; and that option is called a merchant loan (or merchant cash advance). Rather than using your credit history as the main factor in approving your loan; a merchant loan provider looks at your business’s proven sales history to determine a cash advance amount. If your business has a proven track record of sales; chances are you will be eligible for a merchant cash advance.
Depending on your sales; you could be eligible for up to $500K. Many businesses use merchant loans even if their credit is good, simply because it is much faster and easier than a traditional bank loan. In fact; you can get funded in less than 7 days in most cases from start to finish. That is a fraction of the time it takes the banks to process a loan.
I’m sure that I don’t have to explain what you could do with the money, but you might be happy to know that with a merchant loan; there are no restrictions on how you spend it. Whether it be to catch up on bills, make payroll or expand your marketing efforts, having the extra working capital can really make a difference in your business.
If you have considered getting a business loan or have been turned down; you might consider looking into this type of business funding. I invite you to use the following link to learn more about merchant loans.
Company Credit Card
About Wade Henderson
Wade Henderson: Domestic and International Business Finance since 1995 specializing in challenge situations. "We prefer to find a way to get your loan done as opposed to finding a reason to turn it down.” Connect with me on Google+
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