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Company Capital unveils an alternative to traditional financing for restaurant equipment

Flexible rates and terms an attractive alternative to small business loan or equipment leasing

 
 
Small Business Loan Alternative
Small Business Loan Alternative
PRLog - Feb. 1, 2012 - VICTORIA, Canada -- Vancouver BC – at the recent British Columbia Foodservice Expo in Vancouver, Company Capital introduced an innovative loan alternative designed specifically for small businesses that find it difficult to access financing for purchasing or leasing new equipment.

Referred to as a merchant cash advance, Company Capital provides funding based on future credit and debit card sales. Unlike a traditional bank loan, there are no requirements to provide business plans or financial statements thereby making the process simple and very quick. To qualify, the business owner simply needs to provide a record of past credit/debit card sales and has been in business for at least 12 months.

“For a small business, most commercial lenders treat loans and leases as if they were personal loans to the owner -so, regardless of your business growth and overall profitability, the owner is typically "scored" on his or her personal credit history - if it's not perfect you're out of luck ” said Bruce Marshall, VP at Company Capital. Marshall added “our financing is based on the sales history of the business, not the credit history of the owner."

A merchant cash advance from Company Capital provides flexible rates and repayment options based on
sales volume, length of time in business and client needs. The average advance is typically equal to 1-2 months of
sales and is paid back in about 6 months. Repayment is made on a daily basis using a small percentage of
credit/debit card sales so, unlike a loan, there is no fixed monthly payment. The repayment process is one of
the key advantages of the service – the daily amounts are small but perhaps more important, payments fluctuate with the sales trends of the business, giving the owner greater flexibility to manage cash flow, particularly during a slow season.

With high approval rates, a simple process, and quick turnaround, a merchant advance from Company Capital provides another alternative for the small business owner when seeking working capital or lease financing to grow his or her business.

For more information contact Company Capital toll free at 1 877 595 2346 or visit

http://www.companycapitalinc.com

# # #

BC based Company Capital offers the small business community an alternative to traditional commercial lending. Funds are provided to small business owners based on sales history rather than the personal credit history of the business owner.

Company Capital is a 100% Canadian, privately funded corporation and does not use brokers or other Independent Sales Organizations.

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Contact Email:
***@companycapitalinc.com Email Verified
Source:Company Capital
Phone:250 595 2346
Zip:V8R 1B2
City/Town:Victoria - British Columbia - Canada
Industry:Finance
Tags:small business loan, merchant cash advance, Restaurant Financing, restaurant loan, equipment lease
Last Updated:Feb 03, 2012
Shortcut:prlog.org/11787858
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