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- You can receive up to $250,000 by way of our UNSECURED CASH ADVANCE within 3 to 5 business days.
- Approvals are NOT based on your personal credit history/score. The cash advance will not appear on your personal or business credit report and will NOT tie up your personal or business credit line.
- We do NOT require any Assets, Collateral or Tax Returns from you, as a bank would. We do NOT audit or monitor what you do with the money. What you do with the merchant advance is entirely up to you.
- There is NO FIXED REPAYMENT SCHEDULE and we only get paid when your customers pay you by Credit Card. You do NOT have to cut us a check every month like you would a bank.
- You are NOT personally liable for the cash advance. There are NO personal guarantees required.
- Repayment is simple and is made automatically. We deduct a small portion of your daily credit card sales until we are repaid. If you have a slow day/week/or month it will NOT affect your repayment since there is no repayment schedule.
- Burger King, Subway, UPS Stores, Dunkin Donuts, Ace Hardware, Days Inn & Suites are just a few of our clients. If the major chains use Global Cash Direct to assist their business with a cash advance, it makes sense that you can as well.
As we are advancing you money based on your Credit Card sales, we don’t collect repayment from any of your other income streams. As an example if you do 30% Credit Card and 70% Cash/Check and Debit Card in your monthly sales. We do NOT take any repayment from your Cash/Check and Debit Card sales, our repayment is only on your Credit Card sales. So if you have a month which is mostly Cash, Check or Debit Card sales 100% of that is yours. We advance you the cash based on your Credit Card sales therefore we only expect repayment from your Credit Card sales.
The cash advance repayment system is simple and automatic. When a customer comes into your business and uses their Credit Card to make a purchase, you put the Credit Card through your processing terminal at which time the bulk of the transaction goes automatically into your bank account and a small portion goes to us. This process continues until the cash advance is paid back. Simply put, we do not get paid until your customers pay you by Credit Card.
Compare the most common types of funding for $100,000:
- Global Cash Direct using Non-Compounding 25%-=35%:
With a $100,000 cash advance it would cost you $125,000 to pay back. That is a rate of 25%.
- Traditional Bank Loan Compounded Quarterly using 14%
With a bank loan for $100,000 it would cost you $121,000 to pay back. That is a rate 21%.
- Credit Card Cash Advance Compounded Monthly using 28%
With a $100,000 credit card it would cost you $218,000 to pay back. That is a rate of 218%.
- Pay Day Loans:
With a payday loan for $100,000 it would cost you $300,000 to pay back. That is a rate of 300%.
Obviously you wouldn’t use a Credit Card Cash Advance at 218% or a Pay Day Loan at 300%.
So let’s compare the 2 choices of a Traditional Small Business Bank Loan and Global Cash Direct Advance:
Small Business Loan |
Business Cash Advance |
High Credit Score Required |
No High Credit Score Required |
Business Plan Required |
No Business Plan Required |
2-3 Years Personal and Business Tax Returns |
No Tax Returns Required |
2-3 Years Personal and Business Financial Statements |
No Financial Statements Required |
Personal Guarantee Required |
No Personal Guarantee/Only Against Fraud |
Application Fee |
No Application Fee |
Restricted To Use Funds As Outlined in Business Plan |
No Usage Of Funds Restrictions |
Lengthy Approval Process |
Approvals in 24 Hours in Most Cases |
Collateral Using All Business and Personal Assets |
No Collateral Required |
Fixed Monthly Payment Schedule |
No Fixed Repayment Schedule |
Small Business Loans from Banks 90% rejected!!!! Global Cash Advances are 90% approved!!!!!
Small business lending is an analysis of risk and return on behalf of the bank. By requiring extensive documentation along with collateral coverage of 2:1 or greater and/or personal guarantees for the loan amount, the bank can significantly reduce their risk of loss and therefore the cost associated with making a business loan. These requirements, which usually include 2-3 years of both businesses and personal tax returns as well as a business plan and a “use of funds report” in addition to extensive loan applications, often prove frustrating for business owners.
Spend time researching the financing history of small business owners and you will see the extreme cost of acquiring capital through traditional sources. Many hardship stories of business failures and stumbles start with an attempt to acquire a business loan. Personal guarantees have caused many business owners to lose their home or retirement accounts. Requirements of co-signatures have strained family relationships past the breaking point because of mounting debt and shrinking avenues for personal credit. While traditional business loan sources provide the least expensive rate on money lent, their requirements and repayment terms can become overwhelming should a business have any unforeseen changes in revenue. Many business owners consider interest charges only a small part of the “true cost” of a business loan.
For businesses with confidence in their future, now there is an alternative to obtain needed capital that's growing in popularity with small business owners, the Global Cash Direct Advance.
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