Credit Card Factoring - Strategies for Business Cash Advances
Many small business owners should consider using business cash advances based on future credit card sales as a primary source of their short-term financing. This important commercial financing strategy is called credit card factoring and is based on the credit card receivables for a small business. It is important to note that there are several critical problems to avoid when using this strategy. These problems are described in The AEX Business Cash Advance and Working Capital Management Guide [see link below]. AEX Commercial Financing Group has eliminated ALL of these potential problems from the Credit Card Receivables Working Capital Program that it uses with their commercial financing clients.
Why is using credit card receivables such a smart short-term commercial financing strategy for small business owners? Here are five primary reasons to obtain a business cash advance by using credit card receivables:
(1) There are few viable options for obtaining short-term commercial financing.
(2) Credit card factoring is available to virtually any small business that accepts credit cards in their business transactions.
(3) Business Cash Advance Funds can be obtained very quickly.
(4) There is no need for collateral.
(5) There should not be any up-front fees or closing costs.
This working capital financing strategy is an important choice to consider when a business is seeking an unsecured business loan, a short-term commercial loan and improved approaches to credit card processing.
IMPORTANT COMMENTS ABOUT
First, here is some advice about online business finance applications (such as those you might find for a business cash advance): AEX and Stephen Bush STRONGLY advise that commercial borrowers should NOT complete such an online commercial financing application. In general, we are referring to business finance websites that say something like "Fill out our easy commercial loan application NOW!", and we are advising "DON'T DO IT!" Consistent with our views on this matter, we do not even make such an application available to the public. We feel strongly that such an application should not be considered until the commercial borrower has a lengthy conversation with an experienced business loan advisor to ensure that the business financing is appropriate for the business owner.
Second, AEX Commercial Financing Group primarily works with difficult credit card factoring and business financing situations, and it is of vital importance that we have direct communication with a business owner as early as possible in the commercial loan process. Commercial borrowers who want assistance with difficult commercial financing situations should contact AEX Commercial Financing Group (contact information provided below).
AEX credit card processing and credit card financing services (as well as our advice and time) are designed for helping business borrowers and NOT commercial mortgage brokers or residential mortgage brokers. In keeping with this policy, AEX Business Financing and Business Cash Advance services are available ONLY to business owners-borrowers and their legal/business/accounting advisors and are NOT available to either residential or commercial loan brokers.
Contact Information
Chief Executive Officer
Phone: (937) 780-4030
Steve Bush is a commercial loan expert. AEX Commercial Financing Group specializes in quick closings for difficult commercial mortgage loans from $100,000 to $25 million and business cash advance programs up to $300,000 throughout the United States.
Straightforward and candid business financing advice. Commercial financing assistance in obtaining immediate working capital and short-term business financing up to $300,000 via credit card receivables for retail stores, service businesses, bars and restaurants.
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