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  • Casual Articles - Business Cash Advance Strategies - Ten Problems to Avoid With Credit Card Receivables

    World Class Resume Writing
    Many of my most highly educated candidates come to my recruiting firm with complaints about a lack of employer commitment to their particular employment field or specialty. It’s a common theme for deciding to make a job change. My response as a recruiter with over 30 years of experience has been that it’s up to you to engender that commitment. But if you have tried to get management to recognize the benefits of a broader view of your profession and failed t
    s)
  • Closing costs (Preferred/Recommended: No closing costs)
  • Financial Statements required (Preferred/Recommended: Financial statements not required)
  • Collateral required (Preferred/Recommended: Collateral not required)
  • Fixed term to pay off the business cash advance (Preferred/Recommended: No fixed term for repayment)
  • Fixed payments to pay off the business cash advance (Preferred/Recommended: No fixed payments)
  • High credit scores (680 to 700 or higher) required to qualif
    Powerful Presentations -- The Six Ps
    In today’s fast paced world, being able to present our messages powerfully is not just an asset, but has become a necessity. Whether we are presenting one-on-one or to a large group, we will be successful if we make use of what I term as the Six Necessary Ps.The first “P” stands for Passion. If we are not passionate about our topic, our ideas, and/or our products, our presentation will lack enthusiasm and sincerity. No one loses credibility mo
    Even thriving small businesses frequently need more cash than they can borrow from a bank. One of the least-known commercial financing strategies for small businesses is potentially the best strategy to quickly obtain needed cash for growing their business. This commercial financing strategy uses an under-utilized business asset (credit card receivables) to obtain business cash advances based upon a merchant's sales volume. These business cash advances typically vary from $5,000 to $300,000. Small businesses will frequently benefit from converting future cash flow into immediate working capital. The most likely candidates to benefit from this strategy are restaurants, bars, service businesses and retail stores.

    This strategy is also known as "credit card factoring". Many small businesses have relied upon a commercial financing strategy called "receivables factoring" which allows them to sell their future receivables at a discount. Most small businesses cannot adequately document their receivables in order to qualify for this kind of commercial financing. Many other small businesses (such as restaurants, bars, service businesses and retail stores noted above) simply do not have such receivables to rely upon as a commercial financing tool.

    What these businesses do have in many cases is documented sales volume and documented credit card sales activity. It is this documented level of sales volume and credit card sales activity that becomes a financial asset to the business. Business cash advances up to $300,000 can be obtained based on a merchant's sales volume and future credit card sales.

    Before employing this strategy, small businesses should realize that there are several recurring potential problems that they need to anticipate. Ten common problems that small business owners should avoid when employing this strategy are highlighted below. Preferred/Recommended business cash advance requirements are shown in parentheses after each potential problem.

    1. Up-front fees (Preferred/Recommended: No up-front fees)
    2. Closing costs (Preferred/Recommended: No closing costs)
    3. Financial Statements required (Preferred/Recommended: Financial statements not required)
    4. Collateral required (Preferred/Recommended: Collateral not required)
    5. Fixed term to pay off the business cash advance (Preferred/Recommended: No fixed term for repayment)
    6. Fixed payments to pay off the business cash advance (Preferred/Recommended: No fixed payments)
    7. High credit scores (680 to 700 or higher) required to qualify
      Logo & Branding as a Team
      How To Use Logo To Gain A Successful BrandThis article introduces the joining of logo and branding. A successful logo builds the beginnings of branding and together they represent your business.Logo & Branding Your logo is a symbol, a representation of your business. As a representation of your business it embodies your characteristics, values, and a positive feeling. This piece of art is placed on ever
      equently benefit from converting future cash flow into immediate working capital. The most likely candidates to benefit from this strategy are restaurants, bars, service businesses and retail stores.

      This strategy is also known as "credit card factoring". Many small businesses have relied upon a commercial financing strategy called "receivables factoring" which allows them to sell their future receivables at a discount. Most small businesses cannot adequately document their receivables in order to qualify for this kind of commercial financing. Many other small businesses (such as restaurants, bars, service businesses and retail stores noted above) simply do not have such receivables to rely upon as a commercial financing tool.

      What these businesses do have in many cases is documented sales volume and documented credit card sales activity. It is this documented level of sales volume and credit card sales activity that becomes a financial asset to the business. Business cash advances up to $300,000 can be obtained based on a merchant's sales volume and future credit card sales.

      Before employing this strategy, small businesses should realize that there are several recurring potential problems that they need to anticipate. Ten common problems that small business owners should avoid when employing this strategy are highlighted below. Preferred/Recommended business cash advance requirements are shown in parentheses after each potential problem.

      1. Up-front fees (Preferred/Recommended: No up-front fees)
      2. Closing costs (Preferred/Recommended: No closing costs)
      3. Financial Statements required (Preferred/Recommended: Financial statements not required)
      4. Collateral required (Preferred/Recommended: Collateral not required)
      5. Fixed term to pay off the business cash advance (Preferred/Recommended: No fixed term for repayment)
      6. Fixed payments to pay off the business cash advance (Preferred/Recommended: No fixed payments)
      7. High credit scores (680 to 700 or higher) required to qualif
        What are Your Marketing Objectives?
        Does your small business have goals? Goals and objectives for how much its sales you wish to accomplish? If not, how can you adequately planned your marketing for your company? I guess what I am saying here is; If You Don't Know Where You're Going Any Road Will Take You There. Yes that is an old famous quote and know I did not make it up. Granted, however what are your marketing objectives? Do you have any?Where do you want to go today? To eff
        ify for this kind of commercial financing. Many other small businesses (such as restaurants, bars, service businesses and retail stores noted above) simply do not have such receivables to rely upon as a commercial financing tool.

        What these businesses do have in many cases is documented sales volume and documented credit card sales activity. It is this documented level of sales volume and credit card sales activity that becomes a financial asset to the business. Business cash advances up to $300,000 can be obtained based on a merchant's sales volume and future credit card sales.

        Before employing this strategy, small businesses should realize that there are several recurring potential problems that they need to anticipate. Ten common problems that small business owners should avoid when employing this strategy are highlighted below. Preferred/Recommended business cash advance requirements are shown in parentheses after each potential problem.

        1. Up-front fees (Preferred/Recommended: No up-front fees)
        2. Closing costs (Preferred/Recommended: No closing costs)
        3. Financial Statements required (Preferred/Recommended: Financial statements not required)
        4. Collateral required (Preferred/Recommended: Collateral not required)
        5. Fixed term to pay off the business cash advance (Preferred/Recommended: No fixed term for repayment)
        6. Fixed payments to pay off the business cash advance (Preferred/Recommended: No fixed payments)
        7. High credit scores (680 to 700 or higher) required to qualif
          Marketing vs Selling - Why There's A Difference
          Marketing is something that we do to let people know what products we have to offer.Selling is something that we do to show people that the products we have to offer are of value to them.In the high tech world of today, much of what we consider marketing is very inconspicuous. Messages are moving at the speed of light, and we are hardly even aware of what we saw or heard that ever made us think eating fast food meant getting good food fast!ained based on a merchant's sales volume and future credit card sales.

          Before employing this strategy, small businesses should realize that there are several recurring potential problems that they need to anticipate. Ten common problems that small business owners should avoid when employing this strategy are highlighted below. Preferred/Recommended business cash advance requirements are shown in parentheses after each potential problem.

          1. Up-front fees (Preferred/Recommended: No up-front fees)
          2. Closing costs (Preferred/Recommended: No closing costs)
          3. Financial Statements required (Preferred/Recommended: Financial statements not required)
          4. Collateral required (Preferred/Recommended: Collateral not required)
          5. Fixed term to pay off the business cash advance (Preferred/Recommended: No fixed term for repayment)
          6. Fixed payments to pay off the business cash advance (Preferred/Recommended: No fixed payments)
          7. High credit scores (680 to 700 or higher) required to qualif
            Church Chairs and Used Church Chairs
            Church chairs are the most important piece of furniture a congregation can own and when they are in limited supply can hurt the attendance of the congregation and affect the message being taught in the sanctuary. When church members must stand for long periods of time, their focus is turned to the fact that the room does not have enough church chairs instead of the important truths being dispersed by the pastor on stage. Used church chairs are an option for
            s)
          8. Closing costs (Preferred/Recommended: No closing costs)
          9. Financial Statements required (Preferred/Recommended: Financial statements not required)
          10. Collateral required (Preferred/Recommended: Collateral not required)
          11. Fixed term to pay off the business cash advance (Preferred/Recommended: No fixed term for repayment)
          12. Fixed payments to pay off the business cash advance (Preferred/Recommended: No fixed payments)
          13. High credit scores (680 to 700 or higher) required to qualify (Preferred/Recommended: Credit scores of 500 or better)
          14. 2-3 years or more in business required to qualify (Preferred/Recommended: 1 year in business)
          15. 12 to 24 months of documented credit card sales of $10,000 to $25,000 or more required (Preferred/Recommended: 6 months of $4,000 or more)
          16. Maximum business cash advance of $10,000 to $50,000 (Preferred/Recommended: Maximum cash advance of $250,000 to $300,000)

          Not all of these potential problems will be relevant to each commercial borrower. Most commercial borrowers will encounter at least 2-3 of these problems if they are reviewing business cash advance programs that use credit card receivables as the basis for obtaining short term business loans. It is not necessary to accept any of these problems in order to obtain business cash advances based on future credit card sales. There are viable credit card receivables programs which avoid all of the problems described above.

          Copyright 2005-2006 AEX Commercial Financing Group, LLC. All Rights Reserved.

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