by Mark
28. May 2010 11:09
Cash flow is:
- The movement of cash into or out of a business
- The excess of cash revenues over cash outlays in a given period of time
- The cash, as opposed to the profit, generated by a business
However you put it, cash flow is an important part of any small business and is therefore, much-needed by small business owners especially when the banking institutions aren’t lending to solid small business owners.
So how does one go about increasing cash flow? First, the business owner must find a business funding method that is suitable, preferably one that offers various benefits, such as the Merchant Cash Advance. The credit card advance allows small business owners to optimize their business’s daily credit card sales, turning them into up to $500,000 in business funds.
Based on monthly credit card sales, is how a merchant is advanced a business owner. Then, instead of requiring the merchant to make fixed monthly payments on the advance, a small percentage of the business’s daily credit card sales are automatically deducted, until the entire advance is repaid. This usually takes about six to eight months.
As mentioned in our previous blog the advantages of a MCA are noted below.
- Unsecured
- 48-hour approval
- Funding in as little as seven business days
- Minimal requirements
- Flexible repayments
- Renewal opportunities every three to four months
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