A lot of business financing option is available in the market & most of them require stringent criteria of eligibility which the new entrepreneurs are unable to meet. This is where merchant cash advances help new entrepreneurs. Read more.

1. Business Financing – The Many Advantages Of Merchant Cash Advances
When you consider the world of business financing, there are many options that you might think of depending upon.
The task of obtaining the loan, however, is easier said than done. Most traditional loan providers follow stringent
criteria of eligibility which most new entrepreneurs are unable to meet. They also require completely blemish free
credit histories which is a big problem considering the recent economic downturn that has just gone by. Offering
collateral to secure the loan amount might also not be possible in most cases. This is where innovative business
financing options like merchant cash advances come in handy.
Unlike the traditional loans, the merchant cash advances do not require the borrower to mortgage his/her property
to obtain funds. This is an unsecured loan, where the borrower agrees to pay the lender a certain fixed percentage of
the credit/debit card transactions in regular intervals. While in most traditional loans, the lenders are reluctant in
disbursing money to new entrepreneurs for fear of non recovery. But with merchant cash advances, the lenders are
actually investing the money in the business under consideration and are therefore, not bothered by the credit
history of the borrower. This source of business financing is also suitable for borrowers who do not have any
property to offer as collateral security for their loans. Merchant cash advance providers do not interfere in the
business activities of the borrowers. You can use the money in your business in a manner that you deem fit.
What a better way to kick start your business venture!