When in need of short term financing assistance, a business owner can seek out a cash advance loan. This article talks about the process of business cash advance loan, also known as credit card account receivables factoring or credit card financing.

Building Business Credit with Business Cash Advance

Business cash advance is available for entrepreneurs who have a merchant account or who accept credit card payments. You can use your credit card receivables to obtain cash from a factoring lender. Most lenders offer 80% cash advance from the amount of the receivables submitted. The rest of the funds will be given when the cardholder completes payment.                                    (more…)