Fort Lauderdale Merchant Funding Solutions for Your Business

It takes money to make money, but in a tough economy, small business often has trouble accessing capital through traditional sources especially in hard-hit areas like Fort Lauderdale. Merchant funding for your business may be a necessity to float you through a rough spot, deal with unexpected expenses or take advantage of an unexpected opportunity. If the traditional routes for funding have failed you and you’re a small business owner in South Florida or Fort Lauderdale, merchant funding solutions that don’t rely on your personal credit or your business’ credit history do exist to help you get the operating or expansion capital that you need.

Fort Lauderdale Business Cash Advance

If you operate a business that accepts credit card payments, you may be able to access business cash advances against your incoming revenues. Business cash advances operate like a line of credit with automatic payments from your checking account. Instead of your checking account, though, the payments on your business cash advance are linked to your credit card processing solution. In fact, business cash advances are an attractive option available with some Fort Lauderdale credit card processing systems. To qualify for this type of business cash advance loan, you’ll need to have a credit card processing account linked to the loan provider. The lender will determine the line of credit you qualify for based on your average volume of business and establish a revolving line of credit for you. If you draw a cash advance from the system, your payments will automatically be deducted from your incoming credit card payments. It’s an efficient way for a small business to access capital funding they might not otherwise qualify to receive.

If your business is in need of a steady source of credit and accept credit cards, or would like to accept credit cards and don’t currently have access to South Florida CC payment systems, a business cash advance system linked to your credit card processing system could be your ideal solution. If you need a line of credit to meet payroll during the off season, expand operations or take advantage of an unexpected opportunity, contact a provider of Fort Lauderdale merchant funding and credit card processing systems to learn if your business qualifies for their programs.

For Business in Fort Lauderdale, Merchant Advance Loans Can Tide You Over

There’s no need to max out your personal credit card to get your business through periods of low cash flow. For many companies in Fort Lauderdale, merchant advance loans provide an alternative means of to raise working capital for business needs and opportunities. Merchant advance loans, also known as business cash advances, allow businesses to use their accounts receivables and future guaranteed cash income to leverage immediate working capital.

Alternative Working Capital Sources for Your Fort Lauderdale Business

Fort Lauderdale merchant advance loans companies provide an essential business finance product for small to medium-sized businesses. These loans are ideal for companies that may not qualify for traditional bank loans for various reasons because they rely more on future viability than they do on past credit history.

In most cases, the merchant cash advance providers require that your company accept payment via credit card, often through their own or their business partner’s credit card processing system. This can be an additional boon for businesses that need a credit card processor, but have been turned down by traditional credit card processing companies because they work in a “high risk” business. Fort Lauderdale merchant advance loans companies frequently work with business owners who have had trouble finding a traditional credit card processor.

How Merchant Advance Loans Work

Essentially, merchant advance loans operate on the same principle as personal payday advance loans. The Fort Lauderdale merchant cash advance company will assess your business’ potential earnings and offer your business a credit line that ranges from $20,000 to $500,000. You agree to process your credit card transactions through their system. Each month, your loan payment will be automatically deducted in agreed-upon amounts from your monthly credit card receipts.

Advantages of Merchant Advance Loans for Business Owners

Merchant advance loans allow you to access the cash you need now – for meeting payroll, paying bills or taking advantage of unusual business opportunities – without going through the traditional business funding route with the big banks. Unlike traditional business loans, Fort Lauderdale merchant advance loans offer quick decisions – in some cases, you’ll have access to your line of credit within days instead of weeks. For merchants involved in “high risk” businesses – online merchants, adult enterprises, online casinos and the like – these alternative funding sources can also provide a credit card processing solution and allow them to do business.

If your business is in need of working capital, contact a Fort Lauderdale merchant advance loans firm to learn more about their services.

Working Capital from FortisCapitalFunding.com Helps You Expand

The past few years of economic downturn have taken a hard hit on small businesses in South Florida. Capital funding for expansions, equipment repair and replacement and working capital has been hard to get. Traditional sources, like bank loans, have dried up, and the banks that are willing to work with small business owners are setting higher standards and requirements for their clients. If your small business is in need of a capital infusion, FortisCapitalFnding.com may be able to help.

Loans for Working Capital

Between hurricanes, oil spills and other natural disasters, it’s been a tough couple of years for businesses in South Florida. Working capital relies on cash flow, which has been restricted as the tourist trade took a hard hit. If you need cash now for restocking inventory before the summer tourist season or replacing outdated equipment, there are a number of options for working capital loans.

Small Business Loans

You can apply for a small business loan in the amount you need up to $5,000,000. Just like any other loan, you’ll have to provide information on your business, and you may be required to secure the loan with collateral, for example your business’ physical assets.

Merchant Cash Advance

Designed to work with proprietary Fortis payment systems, Merchant Cash Advance may be appropriate for any business that accepts credit card payments. MCA works like a business line of credit, allowing you to draw against the remaining balance and refreshing it when you make a repayment. Unlike loans from traditional sources, the company can look beyond your past credit rating and consider the sustainability of your business in the long run when making a decision on whether your business qualifies.

Accounts Receivable Factoring

A/R factoring is a widely used funding solution in the B2B world. It allows you to sell your pending receivables for an agreed-upon price, giving you immediate access to future cash – and putting the responsibility and work of collecting the money on the funding company. A/R factoring is one of the fastest ways to raise immediate working capital for improvements, repairs and other business needs.

If you're in South Florida, business cash advance loans are a way to get a rapid infusion of working capital to take advantage of an expansion opportunity. If you'd like to find out more, contact FortisCapitalFunding.com for information.