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

Lending Stays Tight at The Banks

The credit crunch isn’t over for small businesses.

Most U.S. banks kept credit tight in the first three months of the year, and some tightened lending terms further.

Some categories showed improvement after years of lending cutbacks. A third of banks tightened terms and conditions on new credit-card accounts for small businesses. More than 40% of banks said they raised minimum required credit scores.

Interest rates over the bank’s cost of funds—on outstanding balances, and 15% reported charging higher annual fees.  Loan officers said their current level of standards and terms is tighter.

Many small business customers are cutting back because of the weak economy.  Merchant cash advance, contractor advance and spot factoring have become more resourceful in today’s times. First Federal Advance is the first place to go for your funding needs. 

www.FirstFederalAdvance.com

Lending for Business Owners -Still Need Alternative Financing

Business owners used real estate to support financing endeavors in a variety of ways, the subprime crisis hit Main Street particularly hard as it rippled through the credit markets. Before the real-estate bubble burst, home and business properties were a reliable source of collateral for many businesses.

And even those that were ineligible for a traditional bank loan could often draw capital from home values by writing loans against home equity. Unlike traditional loans, home equity loans and lines of credit are determined by the appraised value of the home, minus the mortgage, and are not issued on the basis of credit history or credit scores.

Less than 10%, of those who historically qualified to use homes to gain capital could qualify for a similar loan today .

Cash flow is the number-one reason for getting declined —the combined net worth of the business and the owner—has been reduced, so collateral becomes more important in order to make sure that it’s in line with the loan.

8% of business owners used their personal homes and 11% used their commercial property as collateral for their business in 2009.  Merchant cash advance, contractor advance and spot factoring have become popular in today’s credit crunch.  Businesses are finding this resourceful for working capital. 

First Federal Advance has many different funding options   call  or visit us on-line at  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 Funding-Advance’$- Hassle Free

Regardless of receiving billions of dollars in bailout funding from the federal government, America’s largest banks are still not lending. 

This lending freeze has been felt more in the Small Business sector, as entrepreneurs remain in limbo and business owners fight to stay alive. Many small business owners, excited by the bailout plan that propped up banks so that they would lend, have begun to seek out new means of credit.

One of these means is a business cash advance, a type of cash advance that hedges against your business’  receivables and deducts from your intake to repay debt. As long as you can provide statements that prove solvency and have been a business more than 6 months, you qualify. While banks became insolvent through bad loans, Business Cash Advance companies have created a new way to borrow that doesn’t involve risky loans.

The business model has become so popular that businesses have created entirely new ways to connect to providers. FFA launched an application on-line to help connect borrowers to us who want to get immediate funds for their business. Not only can we help you with your advance, you can find out how much you might be entitled to.

Banks tightening restrictions when they have necessary funds to spare is not the only reason for this shift to Business Cash Advances. After the credit crisis, many business owners and borrowers are wary of taking out a traditional business loans where they would be forced to make payments and keep track of the finances each month. One of the benefits of a business cash advance is the ease of repayment. Funds are automatically deducted from your daily  receivables until your debt is repaid. There are no complicated bills to sort through or late fees to contend with.

These technological advances have only made access to these new financial programs easier. As communication methods make these simple transactions even easier to obtain, there is no end in sight for Business Cash Advance’s.

In a market where obtaining financing is near impossible for business owners, FFA makes finding cash for your business easy again. Check out our website and see how we have found the best means of alternative financing for your business! www.FirstFederalAdvance.com www.ContractorAdvance.com

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

Reasons for Contractor Funding!- Working Capital-Hassle Free

Several reasons why are: 

Insufficient Capital:

Need working capital to complete the transaction or continue to grow, a reputable financier might be your ideal solution. If you have solid sales orders but lack the working capital to complete the transaction or continue to grow, we  might be your ideal solution.

Established and reputable companies explore options for securing working capital, find a company that provides the capital you need and takes no equity or ownership interest in your company. 

Speed of Funding:    

Company should conduct a rapid due diligence and review the details of the transaction.  Clients need a quick response so they can keep their profits and operate efficiently.

Increase Profits:

By leverage w/cash, so you may realize even more profit by saving on costs, by getting increased supplier discount(s).     

Protection of Identity: 

You can create what matters- Because of your affiliation, you’ll  keep thriving .

Our leadership and experience has guided many clients through their short-term challenges. This is a way that contractors have gained the advantages of our strength, flexibility and aptitude in transaction management.

For your success and the benefit you bring to your customer(s), be sure the Co. you align with offers you the same. Find out the process of the Co. you are considering,they vary.  

Vendor produces and ships goods. Goods are delivered to the customer. We advance a percent of receivable less any fees

We make it possible for clients without capital to build companies. They use us to assist with future growth. Keep it simple and to the point. 

www.ContractorAdvance.com 

www.FirstFederalAdvance.com

 888 342-4FFA (4332) 

 

 

 

 

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

Your funding company for the long term…

Every business is unique.  When looking at funding options, you want a company who understands the challenges of the industry and will tailor cash flow solutions to your specific needs. 

FFA funding services will help you to:

• ensure your employees get paid on time
• your equipment is working and performing
• you’ve got enough cash to cover any expenses

And, we cut down on your financial struggles so you can focus on gaining and servicing new accounts and growing your business.

For You: FFA will

• Advances  invoices 
• Finance  /brokers included
• Funds for any reason 
• Offers fast and friendly service
• Provide on-line reporting 24/7

www.FirstFederalAdvance.com

www.ContractorAdvance.com

1 888 342-4FFA  (4332)