If you’re in the market for a new way to borrow money for your business, here it is: According to The Home-Based Business Blog, a business cash advance works with a merchant account and credit card sales. It lets a business borrow cash against future credit card sales. The borrower gets a lump sum amount in exchange for an agreement. The agreements vary, but generally they stipulate that a percentage from each future credit card transaction will belong to the business cash advance company.
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Business Cash Advances – Viable Source of Funding?
Relevant Insight for Entrepreneurs
