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Merchant Cash Advance – A Great Small Business Funding Solution

At some point in time, a lot of small business owners need to raise additional working capital for their enterprises. This is when the question, “Where will I get the funds?”, arise. Some individuals borrow from their friends and family, while some of them apply for a small business loan from a bank or private lending institution.

If you are in need of additional funds for your growing business, this article will provide you with some useful information as to how you could get the money that you need.

Merchant Cash Advance

financeTo sustain cash flow for your business, one great option that you can have is the so-called merchant cash advance. This is applicable if you are accepting credit cards.

How does this financial product work? You will get part of your future credit and debit card receipts in advance. The provider will give you a cash lump sum, and will also set a specific amount that you need to pay in a specific period of time.

The total amount of money that you can get in advance depends on how much credit and debit card sales receipts you get. The higher the receipts, the more money you can get in advance. However, it is not advisable that you get the maximum amount as this may also give you a hard time later on. In short, you should only get the amount that you really need, and something that you are able to repay without much struggle.

Benefits

Easy Application Process

Getting a merchant cash advance is quick and easy, unlike the other types of business loans. You can even fill up and submit the application form online. As a tip, you should be accurate when indicating the information that describes your business as this will be the basis for approval.

As long as you fill up the form correctly, you should hear from the merchant cash advance providers within 24 to 48 hours. Some may even get back to you in just a few hours.

Quick Cash

Since the application process is fast, you will be able to get the money that you need quickly. You can then fund your business needs and go on with your daily business operation or activities.

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No Need to Improve Your Credit Score

Technically, getting a merchant cash advance is not a loan. It is merely selling your future credit and debit card sales receipts. With that said, you won’t have to worry about improving your credit score just so you can get approved. As long as you have constant flow of credit and debit sales receipts, rest assured that you will get a cash lump sum.

Less Stress

As a business owner, it could be quite stressful if you are in a financial crisis. But with merchant cash advance, this will be all gone. The additional funds for your growing business is going to be within your reach. This will help you a lot in expanding your business and increasing its sales and revenue.…

Money Lenders in Singapore

Do you need a quick loan for a small or reasonably large amount of money? A money lender specializes in cash loans such as payday loan, cash advance, personal loan, educational loan, medical loan, remodeling loan, and more.

Why You Should Consider Licensed Moneylenders

Anyone can encounter some form of financial problems at some point. If could be an educational or medical stair cashsituation where cash is required urgently. Likewise, you might have to pay your mortgage immediately or risk losing your savings due to a default in repayment. In such cases, a licensed money lender in Singapore can be beneficial.

Another major reason many people choose licensed moneylenders instead of the traditional banking institutions is because anyone – no matter their credit history – can qualify for their loan facility.

These days, a rapid growth in the industry can be seen in contemporary avenues like online lenders. The online option offers a lot of conveniences because borrowers can access loans from the comfort of their homes. There are many options available, and virtually everything can be achieved from anywhere and at any time.

Whether you are looking to buy a new car, to pay the bills or even to spend a vacation with your family, it is easy to get a loan from a licensed money lender. A reputable Singapore money lender often allows you to get loans for financial emergencies that banks and other traditional lenders would not even consider. In addition, they move very fast, which means that you can get the cash you need almost immediately.

Advantages of Borrowing Money from a Singapore Moneylender

Loans are made available within 24 hours: more often than not, you can get the cash you need within just a few hours. If apply for a loan in the early morning hours, odds are you will get the money before the end of the day. No traditional banking institution can offer you a loan that fast.

holding cashGet a loan for financial problems that banks would not consider

As stated earlier, money lenders can also allow you to get loans for things traditional lenders will not consider. If you want to borrow cash for an emergency, bad debts, a vacation, bills or even clothes, a reliable money lender can help.

Get even small amounts

If you want to borrow a small amount of money, banks may not even consider your application. However, a moneylender will be glad to lend you the cash you need.

Contact a money lender Singapore today and find out how they can help you. You might be surprised at how easy it is to get a loan.…