There is no need to try and obtain an expensive high risk business loan. It is much smarter to take advantage of the business cash advance program.
High Risk Business Loans Vs Business Cash Advance
Many businesses may take out a high risk business loan believing that this is their only option. They may find that they do not qualify for more traditional lending programs through local banks and credit unions. As a result. They pay high interest rates and outrageous fees on these modified loans. This can be a huge mistake that will cost the business in the long-run though. Regardless of past credit and whether or not collateral is available, there is a more affordable alternative that can provide the business with the funds that they need without breaking the bank.
An increasingly popular program for businesses considered high risk is the business cash advance. The majority of businesses that do not meet strict lending requirements of other financial institutions are eligible for this type of program. Rather than looking at where the business has been, the focus is on where the business is going. That means that the funds will not be denied for the petty reasons offered by the bank. In addition to this, the interest rates are more favorable than those associated with high risk loans.
As with any type of funding from an external source, there are a few requirements that must be met in order to obtain a business cash advance. For example. the business must already be established, registered in the United States and must process so much in credit card orders within a month. However, the majority of businesses already meet these requirements. Therefore, they simply need to apply in order to receive the funds. The label of high risk is simply in the eye of the beholder.
Contrary to popular belief business cash advances actually have very flexible and generous payment options. This is because repayment is not based entirely on the principal owed, rather on the amount of credit card payments processed. Although this is beneficial for a variety of reasons, the major advantage is the amount of payments. Say for example business has been down and few credit card purchases have been made, the amount of the payment also decreases, This is because the payments are based on these sales. There is no need to try and obtain an expensive high risk business loan. It is much smarter to take advantage of the business cash advance program. It only takes minutes to determine eligibility by filling out the short form located just to the left. Don’t pay more than you have to, make the savvy choice in funding your business needs.
With Atlantis Capital, the next step is easy and very straightforward! Simply download and fill out our online application form, and send it back to us via email with your last four months of business bank statements or merchant processing statements for a fast response. Our specialists will immediately reply with the best options available for your business in terms of a merchant cash advance or other financial product which fits the exact needs of your business. It’s that simple!