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HomeBusiness Cash Advance. No Liens, No Collat...

Business Cash Advance. No Liens, No Collateral, No Hassle!

Business Cash Advance

As a Mortgage Broker in Palm Beach Gardens, Florida many of my clients are Self-Employed Borrowers.  Many of these Clients Business are based on Seasons and therefore have up's and down's on their cash-flow.  This is why I am so excited about a new product that one of my Investors/Lenders is now offering.

Business Cash Advance

You might be asking what is Business Cash Advance.  BCA (Business Cash Advance) or sometimes called Merchant Credit Advance, is an advance of real Dollars $$ to a Merchant based upon the average Credit Card use (Visa/Mastercard only)  Features include:

  • NO Personal Guarantees
  • Quick Funding (Usally between 3-7 Business Days)
  • Minimal Requirements

So now that I have your attention, you might be asking yourself how does this program work? The Business or Merchant is advanced a percentage of their average monthly credit card use (12 month average) typically 125%.  Then a portion is taken out of every future sale over the next 9 months.  If you have a slow month your payments will reflect that.  Perfect for a Seasonal Business.

Business that are Eligible

  • Bar / Nightclubs
  • Beauty Salons
  • Dry Cleaners
  • Gas Stations
  • Restaurants
  • Retail Sales
  • Hotels / Motels
  • Auto Repair Shops
  • Day Care Centers
  • Convenience Stores
  • Nail Salons
  • and so many more....

The Fun Part:

Requirements

  • Minimum of 12 months that the Business has been accepting Credit Cards (Visa/Mastercard)
  • minimum of 15+ Transactions a Month
  • $5,000+ a Month in Credit Card Sales
  • All Bankruptcies have been discharged over 12 months
  • Minimum of 1 year remaining on current Lease
  • Personal Credit is Looked at as a guide only (FICO is not a determining factor)

Some of my readers on my blog have been asking if I am leaving the Mortgage Business because I have expanded the products that I offer my clients.  I believe in the current market conditions only the strong will survive.  As a Mortgage Broker I am firm believer that we must expand what we offer our clients and Business Cash Advance is just one of the new products that I am offering.

 

For More Mortgage Advice: Mortgage Advice in South Florida

For More Info on this Product: Business Cash Advance

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Posted Wednesday Mar 12
(03/12/08 08:05AM) — Bryant Tutas Broker/REALTOR(R) Tutas Towne Realty, Inc

Matt, You are certainly expanding into other areas. That's a good thing. We always have to flexible and go where opportunity leads us. This sounds like a pretty good probuct for the small business owner. Good luck with it.

(03/12/08 08:50AM) — Matthew J Blum - MyFavoriteMortgage.net

Bryant, I believe it is. It is not cheap money but when times get tough it is nice to know where you need to go for a bandaid..:-)

(03/12/08 10:06AM) — Jason Sardi, Pennsylvania Mortgage Broker

Matt - Sounds of interest, feel free to email me the info.  Thanks man.

(03/12/08 10:36AM) — Matthew J Blum - MyFavoriteMortgage.net

Jason, I am surprised you did not go to the last link in the post. The link was a perfect Sardi Link..:-)  Anyway check your personal e-mail my friend.

(03/12/08 07:06PM) — Neal Bloom-Realtor ® Assoc.-CRS-Weston FL

Matt,

Interesting program.

(03/13/08 07:19AM) — Keith Perry - REALTOR® -West Metro Atlanta

Hi Matt, good these days to branch out if possible. Smart move.

(03/13/08 07:24AM) — Rick Kellow

Matt,

This is great... Ihave just the customer for this... thank you...

Rick

(03/13/08 07:30AM) — Matthew J Blum - MyFavoriteMortgage.net

Neal, It really is.  Sometimes companies just get in a jam and need quick cash. 

Keith,  Thank you

Rick, Anytime. If I can help please let me know

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