It is difficult these days to obtain a loan from a bank, let alone obtain a loan at good rates. Many times merchants are shocked at the cost of a merchant cash advance. While this type of funding is generally more expensive than a traditional bank loan, it is much easier to obtain. Furthermore it is an unsecured loan which means that there is no collateral involved. Personal credit and business credit do not generally play a role in obtaining the advance, nor do merchants have to be in business for over three years. Merchants can expect to pay generally anywhere from a 1.35 factor to a 1.48 factor on their advance.
To learn more about factoring and more about merchant cash advances click here!
To learn more about personal credit, and business credit then click here!