We frequently discuss the popularity of Merchant Cash Advance, but it rarely gets mentioned by the mainstream media. While we were coming up with a witty blog post to discuss that peculiarity, it seems they got message. 


Earlier this week, Merchant Cash Advance financing was discussed by Fox Business and this morning was front page news by CNN. The Merchant Cash Advance industry is finally being brought into the national public spotlight. If you're a small business owner, you've got options!


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The size of the Merchant Cash Advance Industry is something that many hedge funds and investors have been trying to determine for years. It's important to note that Merchant Cash Flow Loans have become increasing popular over the past year, and while they catering to same target market, they're loans, not advances.

That being said, the volume of true sales of future credit/debit card receivables is probably around $600 million a year or more. In 2010, that figure was estimated to be about $524...
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If you haven't seen this floating around the internet already, you should grab a copy of this today. 

 
The folks at MerchantCashAdvanceIndustry.org put together a really nifty guide for small business owners that outlines the underwriting process for MCA. 
 
It's detailed, eye-pleasing, and for the most part, unbiased. Free information is hard to find these days since too many companies are overly eager to promote themselves. We believe that the customer always comes first even if they're not ou...
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The Merchant Processing Resource recently distributed a handbook for business owners on Merchant Cash Advance. It's a collection of their most popular articles. We recommend you download a free copy:

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We at New York City Merchant Services are once again celebrating the success of a client. Main Street Health and Vitamins in Lexington, KY received some press coverage about their recent growth. Our Merchant Cash Advance program financed a brilliant advertising campaign created by the store's owner, Gloria McKnight. McKnight ran a newspaper ad, titled "I'm 62 and Stronger Than You." which has lead to an astounding 100% increase in revenue. Great work Gloria. We're proud to have helped you do it!

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While our firm does tend to have a core funding focus on Merchant Cash Advance, we have processed and approved many traditional small business loans this year as well. You need not be a retail driven business to qualify.

In fact, small software companies seem to be one of the leading business types for approved loans in 2010. If you do NOT accept credits and meet the following criteria, you qualify:

• More than 2 years in business
• No more than 1 overdraft charge per month in any of the previous 6 ...

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To qualify for a traditional Merchant Cash Advance, a business must process at least $5,000 in credit cards per month. Merchants processing less need not be discouraged if they've been declined for low sales volume previously. We offer a starter advance program to businesses processing as little as $1,000 a month!

The approval process for a starter advance is exceptionally simple.
• An application
• Copies of the most recent 3 months merchant processing statements
• Copy of a voided check

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While merchant services is our core business, we do offer an alternative financial product known as a Merchant Cash Advance. Like accountants, whom experience a long burst of sleepless nights during tax season, we have officially kicked off the fall rush for working capital.

From now until January 1st, demand for business loans and Merchant Cash Advance is expected to match the intensity of the past few years. The need to buy inventory in bulk is the #1 most common reason to obtain funds. If y...
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