Ruby Funding LLC Ruby Merchant Funding the idea behind a business cash advance is easy to grasp, your business can convert sales made using credit cards into capital that can be used immediately. Ruby Funding LLC Ruby Merchant Funding www.rubymerchantfunding.com the concept was created to help as a stopgap for businesses that had no alternatives in the way of traditional lending. Credit lines, conventional business loans and even small personal loans all require excellent credit history and a clean tax record. Ruby Funding LLC Ruby Merchant Funding this means that many businesses that were previously unable to apply for a loan would finally be able to qualify for funding.
Ruby Funding LLC Ruby Merchant Funding if you are a new business or a business that has been hit with hard economic times then merchant funding is the best choice. There are some requirements involved in getting approved for merchant advances. Your business must process credit cards as part of your business model. Ruby Funding LLC Ruby Merchant Funding this is why many businesses that choose this option are in the service and retail industries. Your business must also be operating for one year and have accepted credit cards for one year. If your business meets these requirements, then you should have no trouble being approved for an advance. Ruby Funding LLC Ruby Merchant Funding www.rubymerchantfunding.com.
Merchant cash advances work as follows: a purchase is made on a customer's credit card, you process the card and after service fees are rendered the funding bank automatically subtracts the repayment amount from the sale. The remaining money is then sent to your account. Ruby Funding LLC Ruby Merchant Funding the system is made to be simple and quick, avoiding confusing paperwork and missed payments. This is why merchant advances are so popular, because they allow a business owner to do what they do best, run their business. Ruby Funding LLC Ruby Merchant Funding www.rubymerchantfunding.com
The capital received through merchant advances can be used in a number of ways. This loan was designed with flexibility in mind. Ruby Funding LLC Ruby Merchant Funding you can use the funds to pay off debts incurred by your business, or to invest in expansion. As long as the use of the funds is a business-related expense the sky's the limit. Ruby Funding LLC Ruby Merchant Funding www.rubymerchantfunding.com.
Ruby Funding LLC Ruby Merchant Funding merchant funding is special loans for businesses. They are easily obtained as long as you meet the specific requirements. You can use the money to sustain and grow your business while not having to worry about keeping track of repayment. The funds are automatically taken from every credit card sale your business makes with no paperwork or hassles. These are the reasons why merchant advances are a financing option you should consider. Ruby Funding LLC Ruby Merchant Funding www.rubymerchantfunding.info
Ruby Funding LLC Ruby Merchant Funding merchant cash advance provides that other forms of business financing don't. A merchant cash advance is the purchase of future credit card sales which means that it gets paid back the same way—through the future credit card sales the business completes after the merchant cash advance.
Ruby Funding LLC Ruby Merchant Funding this means that during slow periods the business owner is paying back less of the merchant cash advance and when business picks up they can return the merchant cash advance faster. Usually a merchant manages to return the merchant cash advance within a year of having received the funds. Ruby Funding LLC Ruby Merchant Funding this also means that the return on the merchant cash advance comes directly from the credit card processor back to the company. Ruby Funding LLC Ruby Merchant Funding www.rubymerchantfunding.info.