i need a cash advance?

Small Business on December 10th, 2010 2 Comments
John Locke asked:

i need a cash advance for my business.. what are my options..

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2 Responses to “i need a cash advance?”

  1. Steve D says:

    Business loan through your bank. In the future, you should look into opening a business line of credit with your bank that would allow you to borrow on a moment's notice

  2. BankCard Funding Team says:

    If you cannot get approved for a business loan or you want a less expensive option, a Merchant Cash Advance could be the best fit for you.

    Some people may say that Merchant Cash Advances are a bad idea because of "high rates", but lets compare some options…

    OPTION 1: Small Business Loan

    ADVANCE AMOUNT: $100,000
    ANNUAL INTEREST RATE: 8%
    TERM: 24 Months
    Total Repaid: $200,745.60
    Total Interest Paid: $100,745.60 !!!!!!

    OPTION 2: Merchant Cash Advance With BankCard Funding:

    ADVANCE AMOUNT: $100,000
    Purchase Factor: 1.35
    RTR (Right to Receive): $135,000
    TERM: The average time to pay back is 7 months. There is no set "TERM", we collect a percentage of your credit card sales until the RTR is paid off.
    Total Repaid: $135,000
    RTR less Advance: $35,000 !!!!!!

    Going with option 2 you save over $65,000! And you finished paying much faster!

    Please keep in mind that the numbers used in the options are only examples and could be different, but they are actual averages.

    If you would like to apply go to the following link:

    If you would like more information about BankCard Funding or Merchant Cash Advances, please visit or call 1-888-221-4545