Many Small Businesses Get Cash Advances

Here's how it works. Companies such as AdvanceMe (www.advanceme.com), the nation's leading provider of merchant cash advances, purchase a portion of small- and mid-size businesses' future credit card sales. These assets, which traditional lenders and investors do not value, help business owners to access capital quickly and easily without leveraging their homes or other personal assets. Businesses simply sell AdvanceMe a portion of their future credit card sales at a discount in exchange for a lump sum of working capital today.

The process has a number of advantages for merchants:

• It helps small businesses manage their cash flow throughout the year. This is especially valuable to businesses whose day-to-day operations are impacted by seasonality, such as those in small college towns. It gives them access to the cash necessary to weather the seasons, whether or not it's their busy season.

• Often, a Merchant Cash Advance is preferred over a traditional bank loan because payment of the obligation is directly tied to the merchant's revenue. In this way, the Merchant Cash Advance Vendor only gets paid when the business gets paid.

• It provides business owners with the capital to fund marketing and advertising campaigns, purchase equipment, train employees and/or attend industry seminars, which they might otherwise not be able to do.

Since 1998, AdvanceMe has made over 30,000 advances, providing more than 13,000 businesses in all 50 states with more than half a billion dollars in working capital. AdvanceMe can be reached at 1-866-700-6486. An option that is gaining momentum among small- and medium- size businesses when they need working capital is called a "Merchant Cash Advance."

Article Source: http://www.thearticleinsiders.com