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10 Replies Last post: Sep 11, 2008 12:32 PM by Mark SLF

Do Business Cash Advance Companies Fund Internet Companies

Sep 8, 2008 10:57 AM

Click to view CornholeCo's profile Professional CornholeCo 3 posts since
Sep 8, 2008
Hi, I own a successful ecommerce site and looking for funding. I found many business cash advace companies but not sure if the would fund an ecommerce company. We have a merchant account and accept credit cards. We have been in business for one year and are bringing in around $70,000 a month in sales. We do have a physical location but rarely do we get people in to buy...its really just a warehouse and office. Just curious and thanks for your replies.
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Click to view Nusantara's profile Mogul Nusantara 19 posts since
Sep 7, 2008
1. Re: Do Business Cash Advance Companies Fund Internet Companies Sep 8, 2008 11:20 AM
Cornholec, if you have a separate business bank account, you have been open for
business for over one year and process at least $3,000 in credit card
transactions per month you may want to consider loan up to $100,000 instead of cash advance.unlike Merchant Cash Advance that can charge you APRs upward of 125%,the lender will provides you loan at affordable rates to run your business . This way, you
have the opportunity to successfully repay their loan, improve their
credit score, and access additional capital at better rates in the
future.
Cash advance work similar with payday loan.

email enusantara@aol.com if you have any question or call toll free 1 8
Click to view Nusantara's profile Mogul Nusantara 19 posts since
Sep 7, 2008
2. Re: Do Business Cash Advance Companies Fund Internet Companies Sep 8, 2008 12:06 PM
in response to: Nusantara
I dont know that somehow our toll free doesn show up. anyway here is our contact information.
NUSANTARA LOAN CONSULTANT INC
BUSINESS LOAN BROKER
169-24 HILLSIDE AVENUE
JAMAICA, NY 11432
PHONE : 1 888-307-8430
FAX : 718- 785- 9615
EMAIL : enusantara@aol.com
Click to view MerchantClub's profile Authority MerchantClub 10 posts since
Aug 14, 2008
3. Re: Do Business Cash Advance Companies Fund Internet Companies Sep 8, 2008 11:33 AM
Internet companies are generally difficult to fund, but it is possible. It depends mostly what type of business that you do. I know we had an application for a modeling agency about a month ago, and the funding companies wouldn't even touch it. I suggest to you that you look into the members profile and give us some more information about you. What is your name? What type of product do you sell? Website? Contact information?
As I have said, it is possible, if you would like to speak with me about trying for it, it definately wouldn't hurt. Filling out an application is free and takes only a few minutes. You can fill out an app at www.merchant-club.com or you can contact me @ 1-866-374-9557. Maybe we can help you out.

Nicole
Merchant Club of America
Click to view Fortis's profile Mogul Fortis 239 posts since
Jul 24, 2008
4. Re: Do Business Cash Advance Companies Fund Internet Companies Sep 8, 2008 12:07 PM
Cornholeco,

Good afternoon, hope all is well. Curious to know what type of loan your business would need? There maybe several options out there for you.
Click to view CornholeCo's profile Professional CornholeCo 3 posts since
Sep 8, 2008
5. Re: Do Business Cash Advance Companies Fund Internet Companies Sep 8, 2008 12:54 PM

My company is cornhole (dot) com...I know if you never heard of the game then you probably know the slang word, but it really is a fast and growing game. We are looking to import our products from China and looking for financing to help with that process. I would also like to buy out my partner and would need funds for that as well. Again we do around $70,000 a month in credit card sales. My personal credit is shot from a recent divorce but no bankrupcy...but I know I sit at the bottom 5% of personal credit at this point. Thanks again for your replies and answers.
Click to view Fortis's profile Mogul Fortis 239 posts since
Jul 24, 2008
6. Re: Do Business Cash Advance Companies Fund Internet Companies Sep 8, 2008 1:04 PM
in response to: CornholeCo
I know the game very well. Living in San Diego you cannot go to the beach without passing at least 5 groups of people playing it.

How much is the funding your seeking?
Click to view CornholeCo's profile Professional CornholeCo 3 posts since
Sep 8, 2008
7. Re: Do Business Cash Advance Companies Fund Internet Companies Sep 8, 2008 1:13 PM
in response to: Fortis
Hi, yes it is very popular and only getting bigger. We are seeing demand pick up on the west and east coasts. The best part is I own the best domain name and we have a great reputation for quality. We are looking at going overseas for our board production we can save about half per set if we buy in bulk. It will cost around 40k for the initial order for 1000 sets of boards. My business partners also are willing to sell their shares of the business and I want to act on that now before this game and business blow up (in a good way)! I can buy them out for around 150 - 200k. Thank you for your time.
Click to view MerchantClub's profile Authority MerchantClub 10 posts since
Aug 14, 2008
8. Re: Do Business Cash Advance Companies Fund Internet Companies Sep 8, 2008 1:40 PM
in response to: CornholeCo
I checked out your website, reminds me of a game I used to play when I was a kid. I also see that you work through PayPal. That's a good push for you with the cash advance option if you chose to go that route. As I said in my previous post, you are welcome to contact me if you are interested in cash advance, and have any questions. It can't hurt to check how much we may be able to qualify you for.

Nicole
Merchant Club of America
Click to view money_buz's profile Mogul money_buz 44 posts since
Aug 22, 2008
9. Re: Do Business Cash Advance Companies Fund Internet Companies Sep 10, 2008 6:51 PM
I can get you the funding you need. How would you like to obtain $140,000.00 advance? Give me a call if you still need this funding.

Thank you,

Blake Moody
Global Merchant Solutions
512-276-2682
Click to view Mark SLF's profile Mogul Mark SLF 33 posts since
Dec 12, 2007
10. Re: Do Business Cash Advance Companies Fund Internet Companies Sep 11, 2008 1:23 PM
Why would you pursue this expensive option if you do not need to? If you have a seperate bank account, a seperate business address and business phone, in business for longer then one year, and a credit score greater then 599 then you have a good chance of qualifying for a Fast Cash Small Business Loan. This is a much less expensive option to a merchant cash advance. Here is a link for more information. http://www.spotlightfinancial.biz/Small_Business_Loans.php