Tuesday, November 5, 2013

Cash Advances Through Your Credit Card Sales

Many businesses today are in a financial bind and find themselves getting pushed deeper and deeper into a hole. What do they do when they can't go to the banks for money to improve their businesses? I'm sure many of you have been approached by cash advance companies that will buy your future Visa and Master Card Receipts but you are stuck in a contract with your current processor and unable to change without a paying a hefty penalty. Don't settle for the first company that comes along with a little due diligence you should be able to find a reputable company that can meet your specific needs without interfering with your day to day operations. The idea is to to make your life easier and grow your business.

You're probably wondering what's involved in all this. It's very simple. Some companies arrange to have your daily credit card settlements directed and deposited into a "Corresponding Deposit Account" which they help you set up. The small remittance portion is deducted and directed to our account while the major portion of your net funds are deposited into your bank account. Most people that I've dealt with have been thankful that there are alternate ways to get quick cash and jump on an opportunity when there is only a small window and you need the money now!

"The Plate Lady" out of Livonia Michigan says she wouldn't know what to do if there wasn't a program like this. A program like this gets her through here slow season which is why she has been in business for 31 years at the same spot.

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