How does it work?
If you need cash now, let us help. We'll get you the money you need - fast! You pay us back with a small percentage of your future credit card sales. See if our plan is right for you and your business. Fill out our online application and one of our financial representatives will contact you to discuss your options.
How do I qualify?
If you accept credit cards you qualify for a cash advance today! No collateral required and no traditional personal guarantees. NO set payback time period or NO set monthly payment amount. It doesn't matter if you don;t have a great credit score, since we do not report to any credit agencies.
When will I find out?
After you submit the online enrollment form, one of our professional representative's will contact you either by phone or email within the next 24 hours.
When do I get the money?
Typically funding takes place within 72 hours after approval. The funds are directly deposited into your business checking account.
Saturday, February 27, 2010
Merchant Accounts
We have one of the highest merchant account application approval rates in the merchant services industry, so even if you have less than perfect credit, it's likely you can still get approved.
We can accept all major credit cards - Visa, MasterCard, American Express, Discover and bank ATM Debit cards. Compare and you will find our merchant account rates to be the lowest available anywhere.
It's easy to find out if you qualify - with no cost or obligation. Complete our simple online merchant account application found here:
http://www.bpmc.us/ahall
or call us at 800-653-8390 to get started.
Be sure to have the agent ID ready (4735-6246B).
We can accept all major credit cards - Visa, MasterCard, American Express, Discover and bank ATM Debit cards. Compare and you will find our merchant account rates to be the lowest available anywhere.
It's easy to find out if you qualify - with no cost or obligation. Complete our simple online merchant account application found here:
http://www.bpmc.us/ahall
or call us at 800-653-8390 to get started.
Be sure to have the agent ID ready (4735-6246B).
Contact Info
Anthony Hall
Agent ID# 4735-6246B
Phone: 919-225-0188
Email: ahall@bpmc.us
Factoring Broker at your service. Also your source for the best rates on merchant accounts and merchant cash advances.
Agent ID# 4735-6246B
Phone: 919-225-0188
Email: ahall@bpmc.us
Factoring Broker at your service. Also your source for the best rates on merchant accounts and merchant cash advances.
Benefits of factoring
Factoring is a great and relatively inexpensive way to improve your cash flow and get the working capital your business needs. Conventional borrowing increases a business' expenses and normally requires additional collateral. In the case of factoring, instead of analyzing a business' financial statements, the business is evaluated on the strength of its accounts receivables. If the business has a product or service that it provides to a credit-worthy customer, then the business is a candidate for invoice factoring. A typical advance is anywhere from 80% to as high as 95%, depending on the industry and volume of business. Accounts receivable factoring does not create debt or require additional collateral. It is very simple to use. Cash can be obtained for invoices quickly and as often as the business needs.
This is what it means to your company:
* You gain working capital without adding debt or diluting your equity.
* Advantages of early payment discounts from suppliers.
* Ability to purchase equipment that will increase your profitability.
* It can protect and improve your credit ratings.
* It can increase your sales through credit extensions.
* And most importantly, it allows you to focus on the success of your business instead of worrying about your cash flow.
This is what it means to your company:
* You gain working capital without adding debt or diluting your equity.
* Advantages of early payment discounts from suppliers.
* Ability to purchase equipment that will increase your profitability.
* It can protect and improve your credit ratings.
* It can increase your sales through credit extensions.
* And most importantly, it allows you to focus on the success of your business instead of worrying about your cash flow.
What is factoring?
Factoring is often used synonymously with accounts receivable financing. Factoring is a form of commercial finance whereby a business sells its accounts receivable (in the form of invoices) at a discount. Effectively, the business is no longer dependent on the conversion of accounts receivable to cash from the actual payment from their customers, which takes place on typical 30 to 90 day terms. Businesses benefit from the acceleration of cash flow.
Factoring is considered off balance sheet financing in that it is not a form of debt or a form of equity. This fact makes factoring more attainable than traditional bank and equity financing.
For example:
A supply company that sells fabric to clothing businesses might create invoices for orders of fabric so that their customers (the clothing businesses) won't have to pay for the order for 30 to 90 days or more. This is great for the clothing businesses as it gives them time to generate cashflow from sales of their clothing. However, for the supply company, it can cause a cashflow bottleneck since they have to wait a month or more for the money to be paid for the invoices.
If the supply company decides to use factoring, they can sell those invoices at a discount in order to keep their cashflow unlocked. This enables them to pay their employees, bills, make repairs, expand the business, extend credit to it's customers, and more.
This can take on a number of different forms. Basically, any kind of situation where goods have been given to the end customer or services have been performed, but money has not yet been paid for the goods or services, is a situation where factoring can be used.
A third party called a "factor" purchases the accounts receivable or invoice at a discount. Why would the factor make such a purchase? For the factor, it is a form of investment. They are willing to wait for the full amount of the payment to be paid by the end customer. To see some of the ways that businesses benefit from factoring, click here.
Factoring is considered off balance sheet financing in that it is not a form of debt or a form of equity. This fact makes factoring more attainable than traditional bank and equity financing.
For example:
A supply company that sells fabric to clothing businesses might create invoices for orders of fabric so that their customers (the clothing businesses) won't have to pay for the order for 30 to 90 days or more. This is great for the clothing businesses as it gives them time to generate cashflow from sales of their clothing. However, for the supply company, it can cause a cashflow bottleneck since they have to wait a month or more for the money to be paid for the invoices.
If the supply company decides to use factoring, they can sell those invoices at a discount in order to keep their cashflow unlocked. This enables them to pay their employees, bills, make repairs, expand the business, extend credit to it's customers, and more.
This can take on a number of different forms. Basically, any kind of situation where goods have been given to the end customer or services have been performed, but money has not yet been paid for the goods or services, is a situation where factoring can be used.
A third party called a "factor" purchases the accounts receivable or invoice at a discount. Why would the factor make such a purchase? For the factor, it is a form of investment. They are willing to wait for the full amount of the payment to be paid by the end customer. To see some of the ways that businesses benefit from factoring, click here.
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