amspcs
516 posts since
Oct 18, 2007
12.
Re: Lending Explaination Needed Jan 21, 2009 5:44 PM
in response to:
XelasCEO
To Catalyst and Xelas--
I wouldn't take being TD'd for a bank loan personally these days. In this economy, money to lend
is hard to come by unless your surname is Rockefeller, even with all the billions in bailout funds the big banks have been handed at our expense, which is REALLY hard to swallow.
Anyway, if either of you accept credit cards in your business, you probably qualify for an advance on your cc receivables. Now, I'm not going to lie to you: It' costs more than typical bank loans, but it's not a total rip either, and it is certainly a better alternative than losing your business for lack of necessary funds.
In any event, it costs zero to find out what you can get and how much it would cost you. You need to accept cc's as already stated, be in business at least one year, and process min $4000 in cc volume monthly with at least 15 settlements per month.
If interested, contact me and I'll get the ball rolling.
AMSPCS
amspcs@juno.com
