Merchant Cash Advance |
Price: Free |
| Ad # | 773270 |
| Contact | Brian Baron |
| Address | |
| City | New York |
| State | N.Y. |
| Zip | |
| Phone | |
| Type | Not Applicable |
| Created | April 28, 2008 |
| Updated | April 28, 2008 |
| Expires | October 27, 2008 |
| Viewed | 42 times |
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Business Cash Advance
Most retail storefront businesses and restaurants that has been in business over one year, usually accept credit cards as a form of payment. Rather than using your personal credit, personal collateral (such as your home), personal guarantees or co-signers, you will sell your future credit card receivables at a discount to our business cash advance investment partners. This is similar to a factor company, except it uses your credit card receivables rather than business to business invoices.
Aspen Merchant Capital purchases your credit card sales depending on certain predetermined qualifications. Because they purchase your credit card receivables, it is not considered a loan. Even though there is no interest rate or monthly repayment terms, this is not a free grant either.
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