Businessmen who want more capital funds but cannot obtain cash loans from the banks can get easy cash advances from Business Cash Advance. Also known as account receivables factoring in the banking industry, Merchant Cash Advance converts your future credit card sales or receipts into cash.
Generally, merchant cash advance providers aim retail businesses, restaurants and service companies that have good credit-card sales but cannot qualify for bank loans either because they have a bad credit standing or little or no collateral at all.
At most, cash advance providers charge great amount of interest against the amount of merchant Cash Advance granted to them. According to Leonard Wright, a columnist for American Institute of CPAs,
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