Every successful business owner has had his share of taking risks, while climbing the ladder of success. Success in business and risk taking go hand in hand. However, sometimes risks take their toll on a business entrepreneur’s financial position and the inevitable outcome is to file for bankruptcy. In such a case, it is the wisest business decision to make rather than coming across as a failure. This is perhaps best understood by us at Secured Money Solutions and as a result, we conveniently offer a business loan after bankruptcy plan as a remedy.
How it works
If you own a business but already have a bankruptcy filing record, then surely bad credit history will be making it very hard for you to obtain a loan from banks or other traditional lending organizations. However, Secured Money Solutions offers a remarkable alternative in the form of a cash advance. The best part is that having a bad credit history does not matter. Our loan alternative will draw repayments from future monthly revenues that your business venture will earn. No application costs apply as well.
Our cash advance comes with fast delivery, flexible terms of repayment and no accumulative interest amount. We simply provide a bulk amount of cash and repayment is made by the delegation of a small percentage of future earnings which your business will make. Our loan amounts vary from $1,000 to $500,000 and above.
Two kinds of loan options are available - one for those businesses who generate revenue via credit card processing and the other for businesses that accept payments via checks or deposits.
For companies that use credit card processing to receive payments, we offer a merchant cash advance. There is no due date and set payment schedule – this means no regular fixed payments are returned to the lender. Instead, lenders collect a fixed percentage from the borrower’s credit card sales. Our flexible terms may also allow for a decrease of repayment amounts per revenue if sales are low, due to a slow economy.
Our ACH (Automatic Clearing House) loan program is targeted towards those businesses that create revenue without the facility of credit card processing. We now enable borrowers to make repayments through banks. A preset amount is established in the beginning of the cash advance and these payments are deposited in weekly or monthly bank deposits. This bypasses the requirement of having to process credit cards for business entrepreneurs, in order to get a cash advance. This service also enables our customers to continue their affiliation with their existent credit card vendors.
We have made the whole process very easy, via our online application system. Once you have applied, we will respond promptly to discuss the financing options available for your business.
So don’t waste precious time and apply online now, or call us.