No Credit Check Equipment Leasing and Loans Offered by Merchant Cash in Advance
No Credit Check Equipment Leasing and Loans Offered by Merchant Cash in Advance
San Francisco, CA (PRWEB) August 22, 2011
Over 22,000 small business owners across the US have utilized a newly launched no credit check equipment leasing merchant cash advance program, intended for small business assistance, according to Merchant Cash in Advance. Reports have shown a 98.7% approval rate of all business applicants in 2011 thus far.
Aside from advocating a clearly stated no credit check policy on the program, this Merchant Cash Advance Loan also does not ask for collateral on any loan amount funded. This explains Merchant Cash in Advance’s ability to fund every business the same day of applying, which has certainly gained everyone’s attention.
This Merchant Cash Advance Loan Program has claimed to revolutionize the entire merchant cash advance industry by differing from previous merchant cash advances, and here is why:
1.) The Merchant Cash Advance Loan Program allows any business doing business for only 4 months or more to qualify for the program.
2.) Interestingly, business applicants are NOT required to take credit card transactions, or even have a merchant account for that matter.
3.) The type of business is irrelevant, construction businesses, transportation businesses, salon owners, and surprisingly cash-only businesses still qualify for the Merchant Cash Advance Loan Program.
4.) There is no minimum volume or transaction amount. These Merchant Cash Advance Loans fund anywhere from $ 2500 to $ 1,000,000.00, depending on the business applicant’s capacity.
5.) Merchant Cash Advance Loan amount is based on the business’s ability to prove their monthly sales volume, averaged over the course of 4 months.
6.) Payback length for businesses is 24 Months.
With already over 22,000 small businesses in America utilizing the Merchant Cash Advance Loan Program, it is safe to say the equipment leasing industry has had no shortage of funding options for small businesses in need of financing.
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