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In an ailing economy, cash
advances have become one of the more explored solutions for small business
financing needs. The recent scenarios demonstrating the credit crunch compel
business owners to turn to the merchant cash
advance industry, which essentially became a viable alternative source of
operating capital that kept many small businesses in the United States afloat.
UniversalCashFund.com is a New
York-based company that specializes in offering ways for small businesses to
expand, modernize, grow or just maintain business through merchant cash advance.
Departing from other financing options, the program allows borrowers to use the
funds for practically any purpose, whether to expand, purchase equipment and
supplies, renovate or for payroll.
In a simple and straightforward
arrangement, UniversalCashFund.com will pay for future credit card transactions
up front. As transactions roll in, it gets paid back with a small fixed
percentage of those daily Credit Card receipts.
UniversalCashFund.com offers the
Small Business Financing program for businesses that rakes in $2,500 in credit
card sales per month for at least 6 months or $5000 per month in bank deposits
for at least 6 months. Owners of automotive business;
Hotel and Motel Business; bar and
nightclub; Internet Business; Beauty Salon and Spa; optical store; pet store
and kennel; wine, liquor or party store; dentistry business; real estate
business; dry cleaning business; restaurant, floral shop, retail store,
franchise business; seasonal business; furniture business; shoe store; gas
station; taxi and limousine business; home-based business; or cellular store
have the opportunity to qualify for the program.
The Restaurant Cash
Advance Program, on the other hand, allows restaurant owners to receive up
to $250,000 in working capital per restaurant location within 7 days with no
fixed payment schedule. The company is able to advance up to 1.5 times the
monthly credit card sales volume and/or bank deposit volume. At
UniversalCashFund.com
, nearly all merchant cash advance applications get 90%
approval rate.
Entrepreneurs that seek small business
funding to start or advance their ventures can visit http://universalcashfund.com/ to learn
more about the program details.
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