Why The Credit Crunch Won’t Go Away- in WSJ 06/21/10

http://online.wsj.com/article/SB10001424052748704852004575257970246239874.html?mod=WSJ_Technology_RIGHTBottomSBHeadLines

Use Alternative Financing- We are helping Businesses thrive in this challenging  economy everyday… learn more:

www.FirstFederalAdvance.com  or www.ContractorAdvance.com

Business Funding’s #1 Choice For 2010- FFA

When the “need of the day” is funding and banks are reluctant to lend, businesses still remain in the need of money for operating capital. The alternative financing option of a merchant cash advance is a growth industry for all business finance. A cash advance very quickly brings money where it is needed with a quick approval process. The cash advance is repaid in many different ways, for ex. from a portion of future credit card receivables and amounts to the base amount advanced plus a fee that varies according to the terms of the agreement.

Merchant cash advances are increasingly being sought as a source of  finance and small business needs. A merchant cash advance can be a cash advance against future credit card receivables. In effect, a provider pays the business a fixed amount of cash, in exchange for a fixed percentage of the future credit card transactions paid by customers until the terms of the financing are fulfilled. The advanced amount gets paid as a specified percentage of the daily credit card sales, which is deducted to apply towards the repayment.

This rate of repayment is calculated by analysis of the record of performance of the business.  No fixed monthly payments, late fees and hidden charges are involved. The percentage of future credit card transactions tracked for repayment flows with the rhythm of the earning cycle.

In a  financing plan a small amount of future credit card sales will be taken in exchange for the funding amount. The approved customer in effect receives an advance on their future credit card sales. There is no fixed payment requirement as the plan permits repayment to be a percentage of sales if you have a merchant account and credit cards as methods of payment, you can be eligible to receive funding very quickly.

A business advance provides small business owners with working capital they need quickly. For the best deals your credit card statement reports will be used to determine your paying capacity.

Statistics have revealed that a high percentage of businesses that apply for bank loans, as much as over 70 percent, do not get their loans approved. This can be because they have not been in business long enough, may not have enough collateral, or may have credit issues. On the other hand, business owners with this profile can still qualify for a business cash advance. Poor personal credit and prior bankruptcies are not a problem when seeking this avenue. The cash advance can be a very useful tool in the financing arsenal, if used properly. It has unique benefits that have led more businesses to seek this option in the current financing climate.

This financing method is in more demand today by businesses when other financial resources have either reduced or dried up. Banks have reduced their lending or even let go of some types of customers they had previously supplied. Thus even as the essential need for capital has not diminished, its supply has. Application process for a cash advance is quick and demands less documentary evidence. The application process has no closing charges. There is neither the requirement for collateral or a personal guarantee. Tax return forms, financial statement and asset documentation is not demanded. Rather than personal credit scores that are scrutinized, it is business performance that matters for application assessment purposes.

To use this useful tool responsibly means you will keep this option in your financing plans. To do this the business should be certain it can afford the terms. Compare the programs offered by vendors and understand your carrying costs, the time to repay the monies back and any risk factors you could have. The contract should be scrutinized to ensure the payback percentage does not fluctuate. Check out customers, past and present, if you wish before committing yourself. The right financing firm will encourage you to do what is needed to add to your comfort level as a user. After all, these firms will want to see their businesses grow with satisfied customers. The rise of the merchant cash advance industry is revealed by its growth in ten years.

www.FirstFederalAdvance.com

Business Cash Advance-Hassle Free

The economic crisis is still in full force; even if there are some signs of slight recovery. As a result many businesses are experiencing a shortage of immediate cash for daily expenses. If you are experiencing this yourself, you need to take a look at some options.

Managing your business finances is vital. Although it is easier said than done, being very careful about spending is a good way to ensure that you are on top of things. However, even if you are doing everything right, there can come a time when you need an injection of immediate funds to sustain daily operations. Such times can be very worrying, but there are realistic solutions to the problem, such as business cash advances.

Applying for regular loans can be very painful and can cause too many problems, especially when you go through traditional channels. Times have changed, and smart entrepreneurs no longer rely on traditional channels to get the financing that they need. Why? Because banks require lots of collateral. They will also insist you pay even higher interest rates in cases of late payment. Their fixed monthly repayments might be too much for you to handle as well.

Business owners who want to run their business with ease see regular business loan applications through traditional channels as an impractical business financing option. On the other hand, a business cash advance can be a much better solution, since it is easier and faster. How does it work though, and how can your business benefit?

Business cash advance is one of the fast growing financing options in the market today. If you want to avoid the hassles and paper works, this is an option you can check out. You can try looking for a legitimate company online who are offering this service, fill out an application form, get to speak with one of their business specialist and that’s it. Applications can be approved within 24 hours, and funds can be received within 5 – 10 business days depending on the method used.

To get a business cash advance, you need to make ensure you meet the following requirements:

1. Your business needs to be operating for at least 3 months.

2. You need to have your bank account statements for the past 3 months. 

Do you have a business that’s not well-established yet and you have a need for immediate financing to sustain your business operations needs? You will be having a hard time if you go through traditional loan application channels. Nowadays, though, if you are in need of immediate funding, you should not worry too much. All you need to do is to apply for a business cash advance to get the business financing that you need quickly.

Business cash advances will be able to help you take off and have the easy financing that you need at almost any time. You need not worry if you have a bad credit rating because the approval process when you apply for a business cash advance is different from the approval process of a traditional business loan. Banks have a tendency to be inflexible these days, that’s why.

If you are operating a business that had some serious financial blows and is trying to recuperate from financial difficulties, your worry days are over now. Business cash advance companies now exist to help you. Do not let your loan application rejections get to you. Apply for a business cash advance now and get the fast infusion of cash that you badly need.

There is no need to fret over having to provide tons of legal and official documents when you apply for a business cash advance. The requirements for one are very minimal. You just need to provide the business cash advance company your credit card statements for the past few months and show proof that you have been operating for at least a year. These are needed in order to help business cash advance specialists assess your needs and your payment capabilities.

Generally, you will have your business cash advance approved within 24 hours. You can get the money after about 5-10 business days after approval. You can use it any way you want so it’s really a very ideal option for you.

You need not go through a lot of time-consuming processes and procedures if you are in dire need of business financing. Being a start-up company should not even be a hindrance to you. Apply for a business cash advance now.

It is always a challenge running a business, especially if you need immediate funding amidst the economic crisis that we are all experiencing. All types of businesses, large or small, may have experienced a situation where getting immediate cash to support their daily business undertakings proved to be too much of a hassle. What are your options, then, if you are facing the same dilemma?

Managing your finances is a very important course of action. Although it is easier said than done, being very careful about spending is a good way to ensure that you are on top of things. However, even if you are doing everything right, there will come a time when you would need to infuse immediate funds to sustain daily operational expenses. It does not have to be too much of a hassle since there are options like business cash advances to help you out.

Applying for loans can really be hard and can be too much of a hassle, especially if you go through traditional channels. Times have changed, though, and smart entrepreneurs no longer go through traditional channels just to be able to get the financing that they need. Why? Because traditional channels like banks would require collateral. They will also require you to pay really high interest rates in case of late payments. Their fixed monthly repayments might be too much for you to handle as well.

Most entrepreneurs who choose to operate their business without too much red tapes recognize that business loans are not practical options. Entrepreneurs who are business-savvy have found a way to address this problem through business cash advance.

Working Capital For Sm. to Med. Sized Businesses- Hassle Free-Fast

In today’s economy business loans have become especially difficult as banks  stopped lending to most of us.  It becomes complicated to get a traditional  business loan as many programs have been discontinued and new unrealistic requirements have been put in place.   

Funding  can be used for anything,  with no questions , partner buyout, expansion, taxes, payroll, inventory as well as many other needs?  The credit score  is not a deciding factor in the approval process, enabling the business owners with weaker credit to participate in the program.   The typical amount of advance ranges from $5,000 to $150,000. 

Our  90%+  approval rates are much higher when compared to the traditional fundings. In most cases the funds can be obtained in as little as 72 hours.  There are no checks to write and no possible late fees or switching processors – plus 11 different programs to suit your specific needs!  Merchant cash advance, contactor advance and spot factoring are very resourceful in today’s times, when the banks are just not there for you. We help w working capital and meeting cash flow needs. 

www.FirstFederalAdvance.com 
We  provide business working capital to small and medium-sized businesses and is an alternative to traditional business loans and other types of conventional secured financing.

Merchant’s Don’t Have To Change Processors With First Federal Advance

http://www.youtube.com/watch?v=hpxyjz1x-N8   

We are unlike the rest…  www.FirstFederalAdvance.com

Small Business Loans Is Not Likely From Fed’s Plan

The president’s plan will mean $30 billion in capital for smaller banks, which has the potential to leverage a far higher amount of actual new small-business lending.”

Being considered, the U.S. government would let banks get an amount equal to 3% to 5% of their assets. Required dividend payments by the banks would be reduced if they substantially increase their business lending.

Mr. Obama is likely to face resistance in Congress, especially from Republicans.   The Senate Banking Committee’s top Republican said federal officials should push for the return of all TARP funds before discussing any new uses of the money?

www.FirstFederalAdvance.com  can help you today! Hassle Free…

BUSINESS CASH NOW! -GROW TOMORROW…..

There is no doubt that the credit crunch has impacted millions of small businesses, crippling their ability to grow and create jobs.

As signs of recovery emerge, we need Congress and the Administration to address the credit crunch and let America’s small businesses get back to doing what they do best —growing the economy.

Let us help in the interm:  www.FirstFederalAdvance.com    Many options….

888 342-4FFA (4332)

Tough Economic Times – Risk Cash Flow *FFA Opens To All (Beyond Merchants)

Business Owners, Landlords, Contractors:

 All Understand That CASH IS KING!

But what happens when you are caught between payment delays and this credit crunch? Banks are just not lending to businesses. And if you don’t have your own funds, you may not be able to expand as needed or your business can potentially stop completely. So, what do you do?

Call First Federal Advance 888 342-4FFA

What is it? It’s the stop gap between payment delays and an income stream. It ensures that you, the business owner has access to capital that you need. Sometimes it calls for selling your income stream. For example, if you have Medicare or medicaid or other government receivables, FFA will buy that income stream for you. You have the cash you need without the hassel of waiting on the receivable.

Businesses should be running as usual. But as you plan for the future it may be a good time to have a contingency plan in place, especially for delayed revenue streams.

www.FirstFederalAdvance.com

www.ContractorAdvance.com

BUSINESS FUNDING PROGRAM- DIRECT

Funding in 72Hrs How it Works Goal Our goal is to quickly and efficiently put working capital in your hands. Simple Qualification Have you accepted credit card  transactions for at least 6 months? Is your monthly Credit Card Volume at least $5,000? Are all prior bankruptcies resolved? Simple Application Complete the online application and a funding specialist will contact you immediately (within 2hrs.). Application is always free without any obligation to see exactly how much you qualify for.. How We Do It We buy a specified percentage of your future credit card sales or your receivables. We collect a fixed percentage until your obligation is satisfied. Apply now.  It’s simple and hassle-free. Takes less than 5 minutes. Benefits: 1) No points 2) No new equipment require or modified 3) No coupons or checks to write 4) No impact on their ability to qualify for other financing 5) No business use restrictions on the funding Again no cost, no obligation quote. Online application is easy and only takes a few minutes. You’ll receive your quote within just a few hours. Funding Process We know this may be your first experience with getting Business Funding.  That’s why we’ve taken the time to explain the process of how it works.  And remember, we hold you by the hand through the entire process. How does the application and approval process work? Complete our one page, quick application. Remember, there is no obligation to find out how much cash you qualify for.  Contact FFA 888.342.4FFA www.FirstFederalAdvance.com

Business Owner’s Cut Own Pay- Business Cash Advance Can Help In Tough Times

A number of small-business owners have stopped paying themselves as they struggle to keep their companies afloat.

It’s impossible to know just how many owners are affected. They were no longer taking a salary. That’s a troubling sign for small businesses, which have created a significant share of the new U.S. jobs in recent years.

During past downturns, business owners might have turned to a home-equity line of credit, a personal loan or credit cards to shore up finances. But this time, real-estate values have plummeted, leaving many with less equity to tap, and bank credit is virtually nonexistent.

It’s not uncommon for owners to give up salaries from time to time to give their companies a temporary lifeline, but owners say the prevalence of salary cuts now is unusual even for a recession.

Surviving on credit cards and not qualifying  for  small-business loans in this credit environment is not the way to go….In mid-February, Eric W. stopped paying himself for the first time since he took over a Bar/Restaurant business in Atlanta, GA. 

Some executives are forgoing salaries to avoid deeper cuts elsewhere. he says. It’s not the employees fault.

Alternative Solutions -www.1stFederalAdvance.com or 888 342-4FFA (4332)