Small Business Loan Site Launched!

As banks continue to tighten lending, merchants are looking for other sources of financing for their businesses.  A new site devoted to Small Business Loans now provides merchants with free information about obtaining funding for their businesses. As of now, there are two types of products offered on the website: A Merchant Cash Advance and a Bank Loan Product .  In a merchant cash advance, a direct lender will purchase a percentage of the merchants future credit card receivables at a discounted rate.  What this means practically is that the merchant will be advanced a lump sum of money for which he will pay a flat rate fee.  The lender will collect a percentage of the merchant's Visa/MasterCard receivables until the advance is paid back in full.  The bank loan product works similarly to the advance, but it is in fact a real business loan , and the interest can be written off as tax deductible.  A merchant will payback the lender over a period of usually up to 12 months and he will know exactly how much he has to pay back.  Payments are made automatically from the business bank account until the loan is paid back in full.  Additionally on the website merchants will find funding discussions , common questions raised in alternative private lending, and also general news about alternative forms of financing, the banking industry, and the economy in general.  Users are encouraged to comment on articles and submit their questions to the admin.

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