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<title>Latest Articles by cashprior</title>
<link>http://www.populate.net/</link>
<description>Articles at Populate.NET</description>
<language>en-us</language>
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<title>Credit Card Advance Myths Dispelled</title>
<link>http://www.populate.net/Business/Financing/Loans/credit-card-advance-myths-dispelled.html</link>
<guid>http://www.populate.net/Business/Financing/Loans/credit-card-advance-myths-dispelled.html</guid>
<pubDate>Mon, 20 Oct 2008 00:00:00 -0700</pubDate>
<description><![CDATA[ An increasing amount of business owners are using credit card advances to finance small business ventures, or for relief during difficult times.  But  there is still reason to believe that many small business owners are missing out on benefits that a credit card advance can provide, due to a certain amount of skepticism that they may have regarding the particular source of business financing.

This doubt may come from a lack of knowledge about credit card advances, misinformation about credit card advances, or may simply be a product of the fear that comes from trying something new for the first time.

Some may advise against receiving credit card advances because they say it is expensive money.  But the truth of the matter is credit card advances are much easier to qualify for than traditional bank loans.  And for some, fast money is essential to the wellbeing of their businesses, and having to pay a little more for that money is worth it, as they'd rather see their business prosper than go under.

The fact is credit card advances can be received for a flat, unchanging fee.  So, unlike banks, there are no interest rates, regardless of how quickly or slowly your credit card advance is repaid.

Some shy away from credit card advances because they are not the traditional method of financing.  But sometimes the non-traditional way is the best way to go, especially when it can mean the difference between business growth and prosperity, and business failure.  

The Facts

--Applicants do not need excellent credit to receive a       credit card advance

--Borrowers can receive a credit card advance without collateral

--A business owner can receive a credit card advance if his/her business has processed at least $2,500 per month for the past four months

--Credit card advance payments are made via a small percentage deduction of a business' daily credit card sales

--Credit card advances can be renewed after 60 percent of an advance has been repaid

Before completely dismissing a credit card advance as an option for your business, make sure you are aware of all of the facts, and can make an educated decision of whether or not credit card advance can benefit your business.  Overlooking credit card advances could cause you to miss out on endless opportunities for your business, and we all know, as a small business owner, providing the best for your business is priority. ]]></description>
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<title>Can a Credit Card Advance Help My Business?</title>
<link>http://www.populate.net/Business/Financing/Loans/can-a-credit-card-advance-help-my-business.html</link>
<guid>http://www.populate.net/Business/Financing/Loans/can-a-credit-card-advance-help-my-business.html</guid>
<pubDate>Mon, 20 Oct 2008 00:00:00 -0700</pubDate>
<description><![CDATA[ Discovering new ways to help your business is always important as a smart business owner.  There are various areas of small business that can be improved in order to strengthen a business as a whole.  Marketing and advertising, customer service, image, sanitation, and employee motivation are all areas that can be individually honed to make your business work at its best.  But quite often, it takes not only hard work and dedication, but adequate financing to do this.  

If you own a retail or service-oriented business, a credit card advance can provide the funds that you need to improve your business.

To better understand the concept of a credit card advance, consider the payday loan.  If a person needs emergency funds, with a payday loan, they have the option to receive an advance on their paycheck, meaning they can receive money in advance, in exchange for a repayment of that same amount of money once they receive their paycheck.  A credit card advance is like this, because business owners can receive a lump sum in advance, in exchange for the money that they will receive when their customers make credit card purchases.  

But the repayment process of the credit card advance is much more convenient, because instead of repaying the entire amount of the advance immediately, credit card advance lenders automatically deduct a small percentage from the business's future credit card sales until your credit card advance repayment is complete.  This way, you can actually reap the benefits of the loan, and use it to improve your business, while your repayments go with the flow of your business's sales.  

What if you don't have one specific use for your credit card advance?  What if you just need extra money for your business, to put a little here, a little more there, and so on?  That is perfectly acceptable.  A credit card advance can be used for whatever purpose(s) you see fit.  The only thing a credit card advance lender wants to know is that your business can support your credit card advance repayments, and they will determine this by reviewing the last four months of your business's credit card statements, not by determining whether or not you are putting your credit card advance to good use.  In fact, you don't even have to use your credit card advance for a special project.  Lots of business owners use the money to get their business through a tight spot, or to keep their business on its feet during a tough time.  

If you are still wondering whether a credit card advance can help your business, ask yourself these questions.  Do I own a retail or service-oriented business?  Are there any areas of my business that could use improvement?  Is there anything I have been wanting to do for my business, but have continued to put it off do to a lack of funding?  Do I need some extra cash to keep my business afloat?  If you answered yes to any of these questions, it may be time for you to do something good for your business and get a credit card advance. ]]></description>
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<title>A Credit Card Advance May Reduce Small Business Concerns</title>
<link>http://www.populate.net/Business/Financing/Loans/a-credit-card-advance-may-reduce-small-business-concerns.html</link>
<guid>http://www.populate.net/Business/Financing/Loans/a-credit-card-advance-may-reduce-small-business-concerns.html</guid>
<pubDate>Mon, 20 Oct 2008 00:00:00 -0700</pubDate>
<description><![CDATA[ In June 2008, The National Federation of Independent Business (NFIB) released a report titled "Small Business Problems and Priorities."  This report has been released approximately every four years since 1982 and details "the most pressing issues facing small-business owners, as reported by small-business owners themselves," states NFIB's website.

In the most recent publication, nine out of the top ten concerns of surveyed small business owners were financial issues, dealing with costs and taxation, and the number 11 concern of small business owners was cash flow.  The 2008 report also states, "The economy turned decisively negative though in the second half of 2007...By March 2008, small business owners had turned decidedly more pessimistic, buffeted by a major housing contraction, oil prices over $115 per barrel, stagnant retail sales, and higher inflation."

These facts and statistics may be an implication that small business owners need money for their businesses, and this money can be obtained through a credit card advance.

A credit card advance is a cash funding that can be received in exchange for a business's future credit card sales.  The money received through the credit card advance can be used at the business owner's discretion for the development and/or maintenance of his/her business.

Credit card advances can be used to offset the rising costs of natural gas, etc., and products and inventories; items that were listed as major concerns for small business owners.

Credit card advances can be easily and quickly attained.  Business owners simply need to operate a business that has processed at least $2,500 per month in credit card sales for the last four months.  If they meet these requirements, amongst a few other simple requirements, a credit card advance can be in their near future.

Application is speedy and approval can take as little as 48 hours.  Following approval, your account can be funded in ten business days.  But it doesn't stop there.  Once you receive your credit card advance, and at least 60 percent of it has been repaid (through a small percentage that is deducted from your business's credit cards sales) you have the option to renew your account, and receive yet another credit card advance.  When you are renewing your credit card advance, however, you can actually receive your money in as little as 48 hours, and you can choose to renew your account as many times as you please, as long as at least 60 percent of your previous advance has been paid off.

There will always be issues and problems that are important to small business owners.  Why not look into a credit card advance.  It could help to alleviate, or at least reduce some of these concerns. ]]></description>
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<title>Get a Microloan Through a Business Cash Advance</title>
<link>http://www.populate.net/Business/Financing/Loans/get-a-microloan-through-a-business-cash-advance.html</link>
<guid>http://www.populate.net/Business/Financing/Loans/get-a-microloan-through-a-business-cash-advance.html</guid>
<pubDate>Tue, 14 Oct 2008 00:00:00 -0700</pubDate>
<description><![CDATA[ Ever heard someone say "Good things come in small packages"?  Well, the saying is applicable to more than just holiday gifts, as it is beginning to ring true for many small business owners who are taking advantage of microloans.  A microloan is a small loan, typically described as being less than $35,000.  

The Small Business Administration backs loans of up to $1.5 million to $2 million.  But in 2007 the average SBA loan amount was about $200,000.  With the tightening lending practices of banks, and the increasing difficulty of getting larger loans, microloans are becoming a widely utilized method of business financing.  According to Business Week, many of the people who are getting these loans have good credit scores, and under normal circumstances, would have qualified for a bank business loan, but tightening lending practices, have forced them to turn to look for microloans from alternative sources.

Just because a business owner is unable to get the large amount of money he/she needs as a lump sum from one source, does not mean that he/she should give up the search.  Choosing to get a smaller amount of money when getting a larger amount is nearly impossible can be an excellent business decision.  Microloans can be obtained from friends and family, through peer-to-peer lending, and of course, through business cash advances.  With microloans, you can get various small amounts of money from multiple sources, or you can finance your business endeavor in installments.  The latter option is especially plausible with a business cash advance, as borrowers are given the option to renew their accounts once 60 percent of their previous advances have been repaid.  

Microloans are often easier to obtain than larger loans because most lenders are more comfortable lending smaller amounts.  Lending small amounts is less risky than lending larger amounts because the probability that the loan will be paid off in full is greater.  

With a business cash advance, your loan is repaid via your business's credit card sales.  Business cash advance lenders want to ensure that your loan repayments will not hurt your business.  That is why lenders will typically provide a business cash advance of up to 30 percent more than your business's monthly credit card sales.  This way, a small percentage of your business's daily credit card sales can be deducted and put towards your repayment, allowing your advance to be repaid in a reasonable amount of time.  

Should you choose to look into getting a business cash advance, you will find that lenders do all of the math for you and provide you with all of the numbers before-hand, making business financing through microloans a great possibility for your business. ]]></description>
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<title>Poor Credit Business Loans</title>
<link>http://www.populate.net/Business/Financing/Loans/poor-credit-business-loans.html</link>
<guid>http://www.populate.net/Business/Financing/Loans/poor-credit-business-loans.html</guid>
<pubDate>Mon, 13 Oct 2008 00:00:00 -0700</pubDate>
<description><![CDATA[ Typically, poor credit is described as a credit score between 580 and 640.  Having such a low credit score can make getting an apartment, cell phone, home loan, or buying a car a very difficult process, if not impossible.  But when it comes to getting a bank business loan, lenders are not looking for people who just do not have poor credit, they are looking to lend to people who have excellent credit, which can mean a score of 720 or higher.  It is possible to raise your credit score, but it is a process that can take lots of time, and when you need business funds fast, time is not something that you have to spare.

So what is a small business owner to do, when his credit score is not high enough to receive a traditional bank business loan, but his need for business financing is sky high?  Poor credit business loans offer a source of business financing especially for business owners in these types of situations, as they are designed for those who do not qualify for traditional bank loans.

What is a Poor Credit Business Loan?

"Poor credit business loan" is one of the many terms used to describe a business cash advance.  This term is used because unlike most other traditional loans, an applicant does not have to have an excellent credit score to receive it.  This is because business cash advance repayments are made by the business, not by the borrower.  A small percentage which is automatically deducted from a business's daily credit card sales is used to make payments.  This process actually makes it easier on borrowers. 
 
When a borrower receives a bank loan, he/she has to worry every month, and make sure that his/her loan payments are on time.  On top of that, the business owner must worry about interest rates and late fees.  But with a business cash advance, once the money is funded, the borrower can remain worry free, as payments are automatically made.

Business cash advances can be used for a variety of purposes.  The decision is completely up to the borrower.  But whether a business owner wants to use a business cash advance to purchase equipment and/or inventory, increase advertising, expand, or stay afloat, one thing is definite: it is easier to qualify for a business cash advance than a bank loan, especially today, making business cash advances an increasingly used source of business financing. ]]></description>
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<title>Functions of a Poor Credit Business Loan</title>
<link>http://www.populate.net/Business/Financing/Loans/functions-of-a-poor-credit-business-loan.html</link>
<guid>http://www.populate.net/Business/Financing/Loans/functions-of-a-poor-credit-business-loan.html</guid>
<pubDate>Mon, 13 Oct 2008 00:00:00 -0700</pubDate>
<description><![CDATA[ Poor credit business loans are for small business owners who do not have great credit.  They are for small business owners who do not have collateral to offer in order to secure a loan.  Poor credit business loans are for small business owners who have been told "no" too many times before, and are ready to find a way to get business financing.

What is its Purpose?

Getting money to finance a business endeavor should not be a long and dreaded journey.  It should be a process that small business owners can look forward to, knowing that in the end, they will come out with something they did not have before; funds for their businesses.  

Poor credit business loans exist in order to offer an alternative method of business financing.  They allow small business owners to get money for their businesses without having to pay fixed monthly payments and without interest rates.  Best of all, the entire process can take as little as two weeks, which is much speedier than the process of receiving a traditional bank loan.

How Does it Work?

Through credit card factoring, lenders are able to offer poor credit business loans; meaning, a borrower does not need to have an excellent credit score to receive it.  Borrowers receive an upfront payment in exchange for a small percentage of their business's future credit card purchases.  Therefore, as customers continue to make credit card purchases as usual, a small percentage from those sales is used to repay the loan, until repayment is completed. 

This repayment process makes repaying the poor credit business loan very simple.  If business happens to slow down, your payments will also slow down.  

How Can They Be Used?

Small business owners are encouraged to use their poor credit business loans for whatever their businesses may need.  The needs of a particular business owner are unique to his/her own business, so restricting the usage of a poor credit business loan is not beneficial for the borrower or the lender.

Most of these loans can also be renewed.  Small business owners have the option to receive yet another loan once at least 60 percent of their previous balance is paid off.  The second time around, and every time thereafter, a borrower can have the money funded into his/her account in 24 hours, making the process much faster and easier than a traditional business loan. ]]></description>
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<title>Saving Money in Your Business With a Poor Credit Business Loan</title>
<link>http://www.populate.net/Business/Financing/Loans/saving-money-in-your-business-with-a-poor-credit-business-loan.html</link>
<guid>http://www.populate.net/Business/Financing/Loans/saving-money-in-your-business-with-a-poor-credit-business-loan.html</guid>
<pubDate>Sun, 12 Oct 2008 00:00:00 -0700</pubDate>
<description><![CDATA[ People across the country are suddenly taking a crash course in frugality.  As more and more jobs are lost and unemployment is at its highest in five years, lavish personal spending and instant gratification have taken a backseat to more conservative spending habits in the hopes of promoting long-term financial stability.  The economy is not selective on who it affects.  People of all races, shapes, sizes, male and female are learning and implementing new ways of handling their finances.  

Fittingly, all types of businesses are also affected by this phenomenon, from high-end clothing boutiques and organic grocery stores to car dealerships and beauty salons; leaving business owners to not only have to learn how to cutback on their personal spending, but also struggling to find ways to minimize their businesses' expenses in attempt to increase their bottom line.  And to top it all off, business owners need to find innovative ways to finance their businesses as bank lending becomes almost non-existent.  

Saving money for your business can be as easy as making smaller inventory purchases, less frequently or making an advertising deal with a neighboring business.  But when the problem evolves from a matter of spending less, into one of finding money to keep your business afloat, or locating a source of financing to support a big purchase that will save your business money in the long-run, a poor credit business loan may be a solution.

Some purchases such as energy efficient light bulbs and/or appliances may cost a bundle initially, but can save hundreds of dollars per year.  A poor credit business loan can provide the funds necessary to make these purchases.

A poor credit business loan allows business owners to find funds for their businesses by selling their future credit card receivables.  They receive money upfront, typically up to 30 percent more than their monthly credit card sales, and as their customers make credit card purchases, a small percentage from each credit card sale is used to pay off the advance.

This method of repayment encourages saving, as the payment amounts vary according to the daily sales volume of a business.  With a bank loan, a fixed payment amount would be due on a specific day every month.  Depending on how much your business makes in a particular month, your loan payment can be anywhere from 1 to 100 percent of your business's sales.  But with a poor credit business loan, the percentage that is taken from your business's daily credit card sales is explained to you before you accept the advance and it stays the same, until your advance is completely paid off.

There are many steps that a business owner may take on the road to saving money for his/her business.  Taking a step toward a poor credit business loan may get you to that road sooner than you think. ]]></description>
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<title>Small Business Owners in Certain States May Benefit From Bad Credit Business Loans</title>
<link>http://www.populate.net/Business/Financing/Loans/small-business-owners-in-certain-states-may-benefit-from-bad-credit-business-loans.html</link>
<guid>http://www.populate.net/Business/Financing/Loans/small-business-owners-in-certain-states-may-benefit-from-bad-credit-business-loans.html</guid>
<pubDate>Fri, 10 Oct 2008 00:00:00 -0700</pubDate>
<description><![CDATA[ Yahoo recently featured a Business Week article naming states that have seen "shortfalls in tax revenue in their fiscal 2009 budgets."  California has seen the highest shortcoming, with a deficit of over $22 billion, while the shortcomings of Florida, Nevada, Rhode Island, New York, Alabama, Georgia, New Jersey and Maryland combined reach over $40 billion.

Though the lack of funds mainly represents shortcomings in the salaries for "teachers, cops, firemen, and other essential services," it is not far-fetched to believe that small business owners in these states are experiencing similar problems (on a lower scale of course), especially considering the tightened lending practices of banks across the country.

Small business owners are choosing to deal with these problems in various ways.  Some are cutting hours for all employees, in order to avoid layoffs.  Others are shortening the work week, and extending hours on other days in order to cut operating costs.  Still, for some small business owners, a bad credit business loan may be the best option, to carry them through the tough spot.

A bad credit business loan is a source of business financing that is attainable for small business owners who have owned their businesses for at least four months and process a minimum of $2,500 in monthly credit card sales.  To take advantage of a bad credit business loan, a business owner can sell his/her future credit card receivables.  

Consider the following example:

Tasha noticed that she would need a little extra money to get her skin and beauty shop through the next couple of months.  She decided to look into a bad credit business loan, and see what it could do for her and her business.  She found out that she could get a cash advance of up to 30 percent more than her monthly credit card sales.  She took advantage of the offer, and now, whenever her customers pay with debit/credit cards, a small percentage of the sale goes towards the repayment of her advance.  

Tasha is completely satisfied with her decision.  She got the money she needed, and she doesn't have to worry about not being able to afford to make a payment.  The automatic payment process eliminates the need to make fixed monthly payments, as the payments go with the flow of her business, varying according to her business's sales volume.

Don't let the name fool you.  Bad credit business loans are not only for small business owners with not-so-great credit.  They are for business owners who want the best for their businesses, who've tried other methods and haven't achieved the results they'd hoped for.  Bad credit business loans are the answer when bank loans are out of the question. ]]></description>
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<title>Find a Solution in a Bad Credit Business Loan</title>
<link>http://www.populate.net/Business/Financing/Loans/find-a-solution-in-a-bad-credit-business-loan.html</link>
<guid>http://www.populate.net/Business/Financing/Loans/find-a-solution-in-a-bad-credit-business-loan.html</guid>
<pubDate>Thu, 09 Oct 2008 00:00:00 -0700</pubDate>
<description><![CDATA[ The Problem:  You want money for your business.  You want to expand.  You want to offer more services to more customers and possibly even open a new store.  

This probably does not sound like a problem, in fact, it sounds like a wonderful idea and an achievable goal.  But here is the catch, your credit is not up to where you would like it to be, and you have no collateral to offer in order to secure the loan.  You want to get the funds you need without the strenuous review process and the strict requirements of a bank loan.  You want the best of both worlds.

The Solution:  A bad credit business loan.  Never heard of it?  Well it is about time you did.  Lenders can provide you with capital for your business without requiring you to have an excellent credit score, collateral, or many of the other requirements that most banks impose.

What is it?

Imagine this.  You spend a couple of minutes filling out an application, and then you provide a funding specialist with a few easy-to-gather documents.    A few days later, you have money in your account, to be used for any business needs you may have.   But you don't have to remember to make a payment on the loan every month.  Instead, every time your customers make purchases using their debit/credit cards, a small percentage of that sale goes towards the repayment of your loan.

A few months later, your loan is almost completely paid off and you have the choice to renew your account and get another lump sum, but this time, it only takes one day to receive your money.

This is not something that only happens in a fantasy world.  This is the reality of a business cash advance.  When you sell your future credit card receivables, you can get money upfront and use it for your business however you choose.  

Forget about whatever it is that has been stopping you from getting business funds in the past, whether it is poor credit, no collateral or a short history as a business owner.  You can now look to the future.  You know longer have to worry about those things of the past because you may be eligible to receive a business cash advance if your business has been in operation for at least four months, and processes a minimum of $2,500 per month in credit card sales. ]]></description>
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<title>Getting a Bad Credit Business Loan</title>
<link>http://www.populate.net/Business/Financing/Loans/getting-a-bad-credit-business-loan.html</link>
<guid>http://www.populate.net/Business/Financing/Loans/getting-a-bad-credit-business-loan.html</guid>
<pubDate>Wed, 08 Oct 2008 00:00:00 -0700</pubDate>
<description><![CDATA[ It has long been said that in order to receive a business loan, a potential borrower must meet and posses the "Five Cs" of credit.  Character, capacity, collateral, conditions and capital are all assessed when applying for a business loan and a slight default in any one of these categories can virtually obliterate one's chances of receiving business funds.

Character

Lenders look towards a borrower's character to determine their likelihood of repaying a loan.  Business experience, personal credit history, references and education can all play a part in a lender's character judgment, making an applicant with little to no business experience, poor personal credit history, no references and no formal education, a less likely candidate for a small business loan.

Capacity

Capacity focuses on the business's ability to repay the loan.  Therefore, lenders will review a business's cash flow in order to ensure that the business can generate enough money to support fixed monthly payments.

Collateral

Collateral is used to make sure that lenders get their money back no matter what.  Equipment, property, etc. can be used as collateral.  Should a borrower become unable to repay a loan, the lender can seize the assets that have been put up as collateral.  When a borrower uses collateral to secure a loan, he/she usually feels more pressure to repay the loan, in order to keep the assets in his/her own hands.

Conditions

Usually, bank business loans come with conditions.  The borrower has to explain what the loan will be used for and this must be approved by the lender.

Capital

Capital refers to the amount of one's own money that is invested into a company.  When a lender sees that a borrower has invested his/her own money into the company, the lender feels that the borrower has confidence in the business.

Unfortunately, lots of people who need small business loans do not meet these requirements.  But there is an alternative source of business financing for these potential borrowers.  With a bad credit business loan, the "Five Cs" are practically thrown out the window.  

Through credit card factoring, small business owners can get business financing if their business has been in operation for at least four months and processes a minimum of $2,500 per month.  

When credit card factoring is put into action, a small percentage of the businesses credit card sales is put towards the repayment of the bad credit business loan.  The fact that the responsibility of loan repayment is placed on the business allows lenders to place less importance on the borrower's character and capital.  There are no conditions on how the money can be used, and they can receive money without collateral.

If you are looking to avoid the "Five Cs" of credit, look into a bad credit business loan, and use credit card factoring for repayment. ]]></description>
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