Growing Your Business with a Credit Card Advance
Are you ready to grow your business? Well consider your business the seed and your credit card advance the water and sunlight that are needed to take your business from a tiny seed to a full-grown blossom.
According to an Entrepreneur article titled "10 Businesses Poised for Growth," services, discount stores, fast food and second-hand goods are four business sectors that have been growing, even in this downturned economy.
Service sector sales have risen since November's "all-time low," discount stores' low prices are leading to higher sales, cash-strapped consumers are choosing fast-food over pricier casual eateries and secondhand goods provider, Winmark Corp.'s sales have increased by 19 percent, writes Mark Henricks.
All of these sectors have one thing in common; they are merchant businesses that often accept credit cards as a form of payment, making the owners of many of these businesses eligible for credit card advances to help their businesses continue to grow.
As you may know, processing daily credit card sales is the main requirement for credit card advance eligibility, but there are a few other requirements that small business owners must meet before they can get their hands on a credit card advance.
Qualified small business owners have owned their businesses for at least six months, have at least one year remaining on their business leases and have no unresolved bankruptcies. After meeting these simple requirements, the rest is easy. Credit card advance applications are usually approved in 48 hours and funds are wired in as little as seven business days after approval.
Contrary to popular belief, growing your retail business does not have to be difficult, especially with the availability of credit card advances. Retail owners can get up to $500,000 and the advance is repaid automatically, as customers swipe their credit cards. Only a small percentage of daily credit card sales is deducted for repayment, leaving the remaining credit card percentage, plus all cash and checks to the business owner.
Your business has the potential to grow and flourish, use a credit card advance to help your business reach its full potential.
About the Author:Chrystal King writes articles about the credit card advance, an innovative method of business financing.
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