Anyone who’s gotten a bank loan knows how it works. Payments start immediately and are paid the same time every month. A late payment will cost you, in money and your credit score. More than one late payment could mean losing a car or a home. That’s one of the big differences between a business loan from a bank and a merchant cash advance. With a merchant cash advance, you’ll never worry about losing property or credit points.

In a merchant cash advance, repayment is made by way of the lender receiving a small percentage of each sale you make that’s paid for with a debit or credit card. The amount paid each month towards the funds you’ve received depends on how much money the business takes in by way of a card. Essentially, the more sales your business has, the more your merchant cash advance lender is paid for the month. If sales are down one month, the payback amount is reduced.

Your merchant cash advance lender becomes a sort of team player with you. There are no personal guarantees necessary, or any collateral, because the guarantee is now in the success of your business. It’s a win-win situation. It’s also just one of the reasons a merchant cash advance may be a better deal for your business.

For more information about accepting credit cards, visit us online at www.allstatemerchants.com and learn how you can save money on your merchant processing services today.

Allstate Merchant Services, LLC, AMS, www.allstatemerchants.com, www.merchantcms.com, 866-541-8472, 40 Rector Street, 11 Fl. New York, NY 10006