2009 may well go down in history as the Year of the Credit Crunch Fallout. As the concept of credit starts to fade, the consequences of bad credit are becoming clear for many business owners. A less-than-perfect credit score can destroy any hopes for a business loan. So if your credit is dwindling, and your business depends on a loan, is it all over? Thankfully, no. The option of a merchant cash advance could save the day.

One of the biggest draws of a merchant cash advance is the ease of qualifying for one. Unlike the typical business loan, where anything questionable on a borrower’s credit can be a death blow to needed funds, the merchant cash advance lender evaluates things differently. Because repayment is made by taking a percentage of a company’s credit card sales rather than relying on the borrower to make payments, things such as credit history and past collection actions are not used to determine eligibility. Since merchant cash advance lenders contract to receive a portion of the money a business takes in, collateral and personal guarantees aren’t necessary.

Having a tainted credit record becomes a non-issue when you decide to go with a merchant cash advance. For a struggling business, it can even the playing field a bit more, and the relief it can deliver just by thinking out of the box is priceless.

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