Merchant Cash Advance Company launches new web site merchantcashadvancer.net
Merchant Money has released a new site www.merchantcashadvancer.net to better serve the small business owners it serves. Merchant Money started business under the name Legacy Merchant Services. Legacy Merchant Services originally provided credit card processing terminals and merchant accounts to small business owners nationwide. In 2004, Merchant Money was established to start providing merchant cash advances to current clients and other small business owners nationwide.
Here is an explanation of the process of getting a merchant cash advance. A merchant can borrow against his or her future credit card sales at a discount. The merchant would provide the previous 6 months of credit card processing statements. The monthly average would be calculated and the merchant could receive 75% to 85% of the monthly average. The merchant cash advance would be paid off by deducting a certain % of the future Visa and MasterCard transactions. The amount varies based on the merchant’s personal credit rating and the dollar amount borrowed.
A merchant cash advance is an alternative to a small business loan. This is product is ideal for small business owners who have bad credit or are not financially stable enough to get a loan from a traditional banking institution.
The most common questions by merchants regarding the details of a business cash advance are:
Question: Do I have to switch my credit card processing services and get a new merchant account?
Answer: Yes, you have to switch your merchant account to Merchant Money because that is how the advance is secured and repaid. You will not pay any more for your processing.
Question: Can I keep my same equipment?
Answer: Yes, Merchant Money just downloads your existing equipment with a new merchant account number. The process is easy. Your business will have no down time.
Question: How long does it take to pay back the advance?
Answer: The average payback time is 6 months. The amount of time it takes to repay the advance depends on your credit card volume each month.
Merchant Money has created a video that goes into great detail on how a merchant cash advance can help your business get the funding it needs to grow. Visit http://youtu.be/R3kVzi7VsPM. You can also visit its new site at www.merchantcashadvancer.net for more details about Merchant Money.
- Contact Information
- Jeff Jackson
- Merchant Money
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.