Credit Card Factoring for Working Capital

Credit card factoring is a great way to increase working capital. The process allows small business owners to use their businesses’ future credit card sales in order to increase their cash flow. Credit card factoring companies will purchase a portion of your business’s future credit card sales and give you that cash in advance.

Most credit card factoring companies can advance small business owners up to $500,000. This business cash can typically be used without restrictions, providing a huge working capital boost.

Working capital is very important in any business. It is a business’s "life blood." But unfortunately, many small business owners are unable to get working capital through bank loans and other traditional funding methods. Therefore, credit card factoring comes in handy, indeed. Qualifications are easy to meet, review and funding times are fast and borrowers receive the opportunity to revel in excellent benefits.

Requirements:

• Owned business for at least six months
• Business processes a minimum of $3,500 in monthly credit card sales
• At least one year remains on the business lease
• Owner has no unresolved bankruptcies

Benefits:

• Approval in 48 hours
• Funding in as little as five business days
• Automatic renewal eligibility
• No restrictions on how funds can be used

Small business owners who take advantage of credit card factoring will take part in a convenient repayment method. Business continues as usual and the credit card factoring company deducts a small percentage of daily credit card sales, to repay the business cash advance. Payments made with cash and checks are untouched.

Many merchants feel that this repayment method is flexible as payments go with the flow of business.

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Credit Card Factoring