Sunday, December 20, 2015
How Can I Get a Loan on Credit Card Sales?
Getting a loan on credit card sales is a simple process. If you
own a business that processes a minimum of $3,500 in credit card sales
per month and you've owned the business for at least six months, you are
ready to embark upon that process (as long as you have no unresolved
bankruptcies and your business has one year or more remaining on it's
lease).
The first step is completing the application. Most loans on credit card sales applications are very simple, consisting of only two pages. You will be required to answer general questions about your business in the application. Once completed, you must submit the application to the provider. Your submission should include the last four months of your business's merchant statements (so the provider can determine how much you qualify to receive), a copy of your business lease (proving that there is at least one year remaining) and a voided business check (so your provider will know where to wire the funds).
When you have submitted your application, your work is basically done. At this point, the funding specialists and underwriters from the company that you have chosen to work with will review your documents. In 48 hours, you will know whether you have been approved. If you are approved, you will most likely receive your funds in as little as seven business days.
Repayment is the next step in the loans on credit card sales process. When customers pay for products and/or services at your business, a small percentage from those daily sales will go towards your repayment. Your provider will automatically deduct this small daily percentage until your entire loan on credit card sales is repaid. In the meantime, you can use your funds however you wish.
Now that you understand how this process works, get a free online quote today!
The first step is completing the application. Most loans on credit card sales applications are very simple, consisting of only two pages. You will be required to answer general questions about your business in the application. Once completed, you must submit the application to the provider. Your submission should include the last four months of your business's merchant statements (so the provider can determine how much you qualify to receive), a copy of your business lease (proving that there is at least one year remaining) and a voided business check (so your provider will know where to wire the funds).
When you have submitted your application, your work is basically done. At this point, the funding specialists and underwriters from the company that you have chosen to work with will review your documents. In 48 hours, you will know whether you have been approved. If you are approved, you will most likely receive your funds in as little as seven business days.
Repayment is the next step in the loans on credit card sales process. When customers pay for products and/or services at your business, a small percentage from those daily sales will go towards your repayment. Your provider will automatically deduct this small daily percentage until your entire loan on credit card sales is repaid. In the meantime, you can use your funds however you wish.
Now that you understand how this process works, get a free online quote today!
Gaston C. writes articles about Loans on Credit Card Sales
[http://www.creditcardsalesadvance.com] for Merchant Resources
International.
Article Source:
http://EzineArticles.com/expert/Gaston_Castro/194748
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