Posts Tagged ‘Cash’
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Article by Abhinav Poddar
When it comes to small business owners, small business cash advance can be considered amongst the many alternative merchant funding solutions. Similar to most of the financing options provided by lenders, they come with both the positives as well as the negatives. If the owner is stuck in tight credit market, he will take the funds from wherever it is available. Small business cash advance can be considered a form of receivable financing. It is mainly a targeted receivable funding, where the receivable comes from the transactions done through credit cards.
Let us check out some of the reasons why small business cash advance should get a nod from owners of small businesses, when they are looking for merchant funding solutions.
€ It helps businesses to survive, especially during recession. They can take care of the urgent bills, even if their business has been running low at that time.
€ For businesses with short-term problem related to cash flow, small business cash advance provides a considerable help.
€ If there is a need for an urgent access to fund, then small business cash advance definitely helps. You can pay it off, whenever you have funds available in your business.
€ Even though in most cases, cash advance does come with high premiums and interest rates, there are private lenders in the financial market that offer rates close to what is offered on conventional loan. In such cases, you should prefer that deal to the traditional loan offer, as the processing is faster and the money reaches your account in no time whatsoever. You can buy machines or do similar business development programs using the money in such cases and have a longer repayment plan placed.
While it has benefits, which you can avail, there are a few things, which you should be aware of before going for a small business cash advance.
€ Interest rates are very high. If taken for a longer term, there are chances that you might end up paying close to the principal amount. There are two things, which you can do, in such a scenario. Firstly, you should never take such merchant funding solutions for a longer term. Secondly, you should try to go through the market and try to find out a reasonable deal available for you.
€ In case a fixed percentage of credit card sales is taken away daily, you might not have enough amount of money to cover for your operating expenses. Over here, what you must do is to make sure that the funding amount should be close to what is needed for your business. This will assure that the daily repayment amount will be low. Again, you should also be aware of your daily earnings as well as expenses and plan the repayment accordingly to assure that you do not get stuck later on.
Small business cash advance is amongst the advantageous merchant funding solutions available out there. However, you need to take the step carefully and make sure that it does not become a problem in the longer run.
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“We’re at 70 Lower Clapton Road, northeast London, where David and Eleanor are manning the register. While the clock approaches noon, the machine passes the 500-pounds mark (more than 0). It’s been ages since the two owners of independent bookshop “Pages of Hackney” managed to tally such amount, all done without any special marketing strategies. It all started 90 minutes earlier. David and Eleanor were attending to their customers when about fifty social networkers start surging into the small shop, all waving 20-pound notes, determined to spend them on a hundred or so books, and then proceed to drink a toast and walk out.”* Cash mobs don’t involve surprise dancing and singing, but they are a new and great way middle-class people are helping small business owners. Cenk Uygur and Ana Kasparian discuss. *Read more from Mehdi Atmani/ World Crunch: www.worldcrunch.com
Online Payday Loans Available To Meet Emergency Cash Needs
(PRWEB) August 05, 2012
Customers who need cash quickly may be interested in next payday loans. These types of flexible payday loans allow customers to get cash and pay the loan back with interest when they get paid.
Easy money payday loans can help customers who are facing a financial crisis because there isn’t a long verification process or a credit check. In order to qualify for a direct deposit cash advance or payday loan, customers must have a job that pays them regularly. Customers must submit pay stubs to demonstrate their ability to pay the loan back and fill out a simple form. They usually get their cash within 24 hours of their online application, if not sooner.
Customers who are facing extensive financial problems may need to take out extended payday loans using the online service. In many cases, they can accomplish this by paying back the original loan and then taking out a new loan. Customers cannot usually take out multiple payday loans at a time.
There are many options available for people who need money immediately. Customers who prefer payday loans no direct deposit can get money sent to them almost immediately, which they can then get cashed to get their funds. There are also discount payday loans available for people who qualify.
In general, the only people who do not qualify for payday loans are those who don’t have a steady source of income or those who have not paid back payday loans in the past. There are second chance payday loans available, however, for those who have had problems in the past and have the means to correct those problems now. People who do not have an ordinary job can take title payday loans, where they use their car as collateral for the loan.
In most cases, people are barred from taking out more than one payday loan at a time in order to protect them from getting in over their heads and being unable to repay their loan debts. However, occasionally people do take out more loans than they can handle–some places allow them to take out two to three loans at a time–and find themselves in bigger financial trouble than they were in when they started. If this happens, they’ll need payday loan relief. Payday loans debt consolidation is an option; this would allow the debtor to combine all of his or her payday loans and make one payment each month until the loans are paid off. This alternative turns payday loans into monthly payday loans.
In any case, online payday loans are an interesting alternative to bank payday loans. Customers can easily get money wired into their accounts from the payday loan provider using an online service.
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