Question:
I am a business owner and have had a hard time getting a business loan. I have searched the internet and have read about cash advances on future credit card sales. My monthly average cc sales over the last 12 months is $17,000, where can I get the best cc cash advance? I was hoping for $25,000, is there a company that will do more than the monthly average? thanks
Answer:
It all depends if you are ready to sacrifice higher interest rates in order to get some quick cash. The interest is always between 24-30%. A powerful leader in the industry is Amerimerchant. They also have a Canadian division, Canafunding. You receive your funds within 24-48 hrs once your application has been approved. They also match your current processing rates. You have to switch processing accounts but they do the switch for you. Alot of people are disappointed with the higher interest rates. Remember you get funded within 48 hours, there is a price for that. You have to judge depending on your business weather its worth it or not.
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