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Q. How Can I Turn My Future Credit Card Sales
into Working
Capital for my Business?
A. Your FUTURE VISA/MC sales are considered an asset to
your business. With our program, you are eligible to
receive IN CASH, the average of four months or more of
your past VISA/MC sales. And that is for each location
you own, up to $850,000 total. You can use this money to
buy equipment, expand or renovate, buy out partners, pay
taxes or advertise. And the funding is easily repaid
through a small percentage of your future VISA/MC sales.
The idea behind our program is based on the concept of
“factoring”, which has been around for a long time. It
started years ago when companies, such as manufacturers,
which had large amounts of 90-120 day accounts
receivables needed immediate working capital to conduct
their business, particularly in slower times of the
year. These business owners turned to “factors”, which
are companies that purchased a business’ account
receivables, for a fee or a discount, in exchange for
immediate cash. A large reason why these businesses
turned to factors, instead of more traditional sources,
is because factors have more lenient credit criteria and
is able to provide a business with money faster and with
less paperwork.
In 1997, our funding company was the first to do a form
of ” factoring” for restaurants, retail and service
business owners. We found that many restaurants and
retail stores couldn’t, or didn’t want to go to
traditional sources for needed working capital, but also
didn’t have 90-120 day “accounts receivables” to use to
obtain money from a factoring company. What these
businesses did have was future account receivables, in
the form of VISA/MC sales. By purchasing a portion of a
business’ future VISA/MC sales for a fee, we have been
able to provide thousands of businesses across the US,
with close to $1 billion dollars in working capital.
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