Wednesday, September 7, 2011

Cash Advance


Loans vs. Cash
LOANS
CASH
okFixed termokNO fixed term
okFixed paymentokNO fixed payment
okPersonal guaranteeokNO personal guarantee required
okReports on creditokNO inquiry only on credit
okExcellent credit requiredokExcellent credit NOT required
okThree years in businessokONLY 1.5 years in business
okLengthy approval processokRAPID approval
















Bank Loan v. MSW Card's Cash Advance Program
BANK LOAN PROGRAM
When you need cash to keep your business running smoothly, it probably does not help to have your time and focus diverted from the day-to-day operations. A bank loan requires many hours of preparation and paperwork, including:
_ptichka A business plan
_ptichka Cash flow projection report
_ptichka Statement of your personal financial status
_ptichka Past business tax returns
_ptichka Credit rating report
_ptichka Numerous other business reports.
cash_advance_2
cash_advance_1Even after applying for a bank loan, in today's economy, the chances of approval are slim. And if you are approved, you may have to wait a long time to receive the funds.
MSWCARD'S CASH ADVANCE PROGRAM

Instead, by applying for a Cash Advance with MSWCARD you can put all that time and energy into running your business. Your partnership with us means you could qualify for Cash Advance against your future Visa/MasterCard sales.
Cash Advance Program FAQ
WHAT IS IT?
MSW Card Cash Advance is not a typical business loan, but rather an advance against Visa and MasterCard merchant account receipts. It is repaid through the merchant account itself. As a merchant, you can sell a specific amount of your future credit card sales and receive payment now to be used to build and strengthen your business.
Once approved, the Cash Advance is deposited directly into your bank account. Payback is made through an automated deduction from your merchant account of an agreed upon percentage of your net settled credit card sales. There is no interest rate – you agree to payback a predetermined amount. Also, there is no "term" but rather it's a percentage of your settlement. Your payback time varies with the amount of your card sales.
WHAT ARE THE ELIGIBILITY REQUREMENTS?
New business can qualify.
Your monthly Visa/MasterCard Volume must be at least $5,000.
All prior bankruptcies must be resolved.
You must have at least 12 months remaining on your current retail lease.
WHAT ARE MY BENEFITS OVER APPLYING FOR A BANK LOAN?
_ptichkaOur Cash Advance Program is usually quick and easy.
_ptichkaIt requires very little paperwork and NO collateral, upfront fees or closing costs.
_ptichkaPayback ebbs and flows with your processing volume.
_ptichkaYou are free to use the funds however you choose:
_ptichkaAdvertise to grow your business
_ptichkaExpand inventory or improve facilities
_ptichkaPay taxes, operating expenses or meet payroll
_ptichkaGet through a slow period (great for seasonal or cyclical businesses)

For more information visit www.mswcard.com