1. Incorporate or form an LLC for your business! If you have not done this yet, call Nevada Corporate Planners, Inc. at 1-888-627-7007!
2. Stop using your personal credit cards to finance your business.
3. After you form your LLC or corporation for your business, apply for a business credit card in the name of the LLLC or corporation.
4. Set up a plan to pay down your personal revolving debt to the 5-20% range. Fist, develop a 8 month personal emergency fund.  If you require $6K per month to live personally that means you will need $48K in savings first for your personal emergency fund. After that, start to pay down your personal credit cards. Do not pay them off each month. You will improve your credit score by leaving a small balance of 5% each month.
5. Set up a merchant account to accept credit cards for your business. For the best rates and service contact Nevada Corporate Planners, Inc. at 1-888-627-7007 for a referral.
6. Develop a D & B® profile for the LLC or Corporation. We would recommend you do not do this on your and contact Nevada Corporate Planners, Inc. at 1-888-627-7007 for options in this area.
   1. When you are on a program, vendors will report to both D & B® and Corporate Experian® to build your credit profiles.
   2. If your corporation or LLC is “fried” with D & B® call Nevada Corporate Planners, Inc. at 1-888-627-7007 to consider forming a new entity.
7. If you have been in business for at least 9 months and have at least $10K per month in VISA/MASTERCARD sales as a corporation or LLC you may qualify for a merchant account cash advance.
8. If your personal credit score is over 720, and your personal revolving debt is below 30% ratio and your company has been in business for one year with profits, you may qualify for a bank business line of credit. You may receive up to 10-15% of your annual gross revenue. If you expect your sales to spike in the next 6 months and you need  the time to improve your personal credit and pay down your personal credit you may want to wait before applying.
9. Set up your business each year to show a small profit at a minimum. The higher the profit the better for future financing. Do not make the effort to have extra expenses to show a small loss. That will hurt you later on for financing.

The merchant account cash advance world does like the retail establishments.  I know that’s a bad word, especially if you look at the stock market over the last couple of months.  But that’s what we’re comfortable with.  We’re looking for that retailer.  We understand that they have issues right now.

We’re also looking to back the guy that’s willing to advertise in this day and age, because we know that with their competition faltering, the guy that is advertising is going to drive the additional business to the doors. There may be less of it, but that’s the guy that we want to be behind.

We are looking for the under-capitalized businesses and we are looking to be able to infuse them with cash to let them get to the next level.  They may have insufficient collateral.  It’s not an issue for me.  I’m not looking for any collateral.

I’m looking for an entrepreneur that I can put my money behind and that I can help grow his business.  Because more likely than not, if I give an entrepreneur money, if I give somebody $100,000, he’s going to make more than $35,000 with it.  He’s probably looking to double it.  That’s the kind of business owner a merchant account cash advance professional may be looking for.

A weak financial statement and/or tax return, I’m not surprised.  I own a business and I understand what comes first.  What comes first is getting the business done.

The cleanup after the fact generally holds very little interest to most of the entrepreneurs I’ve met, especially the successful one.  The more successful, the less likely they are to be focused on the small details.  They’re probably going to be paying somebody to do so.

Want to know how Merchant Account Cash Advance Lending really works?

You must work with the right company when utilizing a merchant account cash advance!

On a good month, the money is paid back a little bit faster. But in a slower month, it will be paid back a little bit slower.

You will be required to switch to a designated credit card processor prior to being funded. This is for the benefit of the customer, because when lending money out and buying people’s receivables, a very important part is how fast can the money get to the customer when they’re doing their business again?

There is an additional delay by setting up a lockbox, which can be done in some circumstances if somebody’s tied to it, but the faster I can get the money, the less money I have to give that merchant to have the same impact on their business. If there is 3-day delay on somebody and they have $100,000, I could have given that same merchant $90,000 and would have the same impact on their company.

Merchants who submit the merchant information form, the last 12 months of credit card statements can be approved and funded in 5 to 7 business days.

The automatic repayment method of the merchant’s daily Visa/MasterCard receipts really streamlines the repayment process. It really assists in those bad months.

What are Merchant Account Cash Advances?

It’s the Hottest Source of Lending Today!

Does Your Business Have VISA/MASTER CARD Sales Every Month? If so, this May be Your Solution!

The New Kid On The Block:
Merchant Account Cash Advance Lending.

• Banks turn down 7 out of 10 small business applications.
• Banks focus almost exclusively on the entrepreneur’s credit rating.
• Instead of credit scores, this program focuses on cash flow generated by credit card transactions!
• Credit scores look at the struggle of the business and cash flow you look at the success of a business!

For the first time in about 17 years, the American public can’t simply overspend, overcharge their credit cards then go refinance their house in 3 years from now and get back to zero and start over again.

What about Merchant Account Cash Advance Lending?

Merchant account cash advance lending purchases people’s future Visa/MasterCard receipts at a discount. They are paid back by deducting a fixed percentage of the merchant’s daily Visa/MasterCard credit card sales from the processor.

In essence, there isn’t a fixed payment on the merchant and they come to an agreed amount of percentage that they are going to take back from the merchant.