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11 Replies Last post: Aug 29, 2008 10:43 PM by finsolamerica

Need Advise / Business Loan vs Business Cash Advance

Jun 5, 2008 9:46 PM

Click to view gardenia01's profile Professional gardenia01 5 posts since
Jun 5, 2008
I am business owner and need funding for restocking and expansion. I received a call from a company offering funding via business cash advance. This company advertised their funding stating no application or closing fees, no collateral required, no stressful fixed payment schedule, no personal guarantee well too much information that just made me doubt this type of funding. I am doubting this type of funding for the simple reason that it involves my terminal. I worry thinking they will get total control of my sales and instead of helping my business put my business into trouble with this type of funding. The idea of no collateral, no closing fees etc is great however I have been in business for 7 years and would hate to make the wrong decision. How can I make sure this company is not a false company. This type of funding is new to me so I am not too convinced however I need funding for my business fast so this is why it got my attention. An advise from an expert would be appreciated. Thank you.
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Click to view Loan_4_You's profile Authority Loan_4_You 10 posts since
Jun 5, 2008
1. Re: Need Advise / Business Loan vs Business Cash Advance Jun 5, 2008 10:18 PM
I would like to talk with you about what your wants and needs are for a business line of credit. I do business lines from 50k-500k.

That type of program that you described will work off of your merchant account most likely.

If you are looking for flexibility and maintaining control of your business, I would recommend a business line of credit that you control.

Please email me your contact information and I will be happy to discuss this further.

adam@capitalsolutionsllc.net
Click to view gardenia01's profile Professional gardenia01 5 posts since
Jun 5, 2008
2. Re: Need Advise / Business Loan vs Business Cash Advance Jun 5, 2008 10:42 PM
in response to: Loan_4_You
I visited your website http://capitalsolutionsllc.net but it is under construction. This does not give a good feed back about your company and what you do.

Thank you for your time.
Click to view MRFINANCE's profile Mogul MRFINANCE 104 posts since
May 11, 2008
3. Re: Need Advise / Business Loan vs Business Cash Advance Jun 5, 2008 11:18 PM
in response to: gardenia01
Gardenia

You don't need to double post topics in each forum.

See my answer in Merchant section.

Also my website is WWW.BusinessLoansFast.net

Joe

Click to view dtominus's profile Mogul dtominus 109 posts since
Jun 3, 2008
4. Re: Need Advise / Business Loan vs Business Cash Advance Jun 6, 2008 12:11 AM
My Name Is David Tominus

Please check out www.cashprior.com I am an agent and your processing is switched but they can not take control of your processing
if so yocould switch to onother company , If you have questions please feel free to call me at 727-545-9530
or email me at dtominus@yahoo.com
Click to view dtominus's profile Mogul dtominus 109 posts since
Jun 3, 2008
5. Re: Need Advise / Business Loan vs Business Cash Advance Jun 6, 2008 12:34 AM
My Name Is David Tominus

Please check out www.cashprior.com I am an agent and your processing is switched but they can not take control of your processing
if so yocould switch to onother company , If you have questions please feel free to call me at 727-545-9530
or email me at dtominus@yahoo.com

Also with this company your cash advance will be 100% tax deductable , when your paying back the advance through future credit card sales it shows up as a fee on your statemint, thats better then a bank loan , the company i work with is the only one who does this because they fund the loan in house , not
throught net work lending ....... contact me or go to site, also no ucc-1 is filed, others cant say that.
Click to view dtominus's profile Mogul dtominus 109 posts since
Jun 3, 2008
6. Re: Need Advise / Business Loan vs Business Cash Advance Jun 6, 2008 12:32 AM
also the company i work for gives you the advantage of deducting the intire cashadvance, when you
get you credit card summry it will show up as a fee , 100% is tax deductable contact me with your questions. 727-545-9530 David Tominus www.cashprior.com
Click to view heretohelp's profile Mogul heretohelp 14 posts since
Jun 5, 2008
7. Re: Need Advise / Business Loan vs Business Cash Advance Jun 6, 2008 10:03 AM
Hi,

Please contact me at 781-341-0700. I can definitely discuss with you how you can meet your capital needs.

Best,
Tiffany
Click to view open0764's profile Start-up open0764 1 posts since
Jun 2, 2008
8. Re: Need Advise / Business Loan vs Business Cash Advance Jun 6, 2008 12:13 PM

In reading your post I can understand your concerns. I would also like to add, there are many various possibilities to assist you in acheiving your goal. We are also commercial lenders and have many programs such as SBA loans , conventional commercial, construction, cash advance as well as equipment leasing
A cash advance could be a good option or maybe conventional Lending may be a better alternative. It just depends on several factors such as Loan amount, Loan to value, credit rating and how quick you need the capital.
It is good that you are using the experience of this forum to ask questions as we know the majority of these members are reputable and knowledgeable.
Click to view Mark SLF's profile Mogul Mark SLF 33 posts since
Dec 12, 2007
9. Re: Need Advise / Business Loan vs Business Cash Advance Jun 7, 2008 12:30 AM
I would be more than happy to help you with your request. A cash advance has its place and some advantages for sure. I offer cash advances for my clients that have less then a 599 credit score. If one of my clients has a score over 599 I offer a Fast Cash Business Loan. It is a real loan with fixed payments. It is about 1/3 of the cost of the cash advance. You still need to accept credit cards but only so the lender can confirm your cash flow. I have helped three companies this week with this type of loan. One for $17K, one for $75K and one for $100K.

Take a look at our website at http://www.spotlightfinancial.biz. Click on the funding programs and you will see a link for the fast cash business loan. If you think you might qualify I would be happy to discuss the process with you.

Thank you,
Mark Lomas
Spotlight Financial LLC
1-888-600-6039 ext 169
Click to view gardenia01's profile Professional gardenia01 5 posts since
Jun 5, 2008
10. Re: Need Advise / Business Loan vs Business Cash Advance Jun 7, 2008 1:27 AM
in response to: Mark SLF

Thank you for the helpful information. I will visit your website and then contact you if I may have any questions.
Click to view finsolamerica's profile Mogul finsolamerica 39 posts since
Aug 23, 2008
11. Re: Need Advise / Business Loan vs Business Cash Advance Aug 30, 2008 4:59 AM
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