For Financing Needs….

Financing Options

It is unfortunate that CTI may file for bankruptcy, leaving many small and medium business at risk. However, there are alternatives to seeking loans. Business owners who need additional capital may consider taking an advance against their credit card processing proceeds with their merchant services providers.

This capital, known as business financial services, is available to business owners. It takes 48 hours for the advance to be approved and the money may be available as soon as seven days after the application. The business owners repays the advance monthly by taking a reduction in the amount of credit card proceseds in the amount of the agreed monthly payment.

This may be a way for business owners to re-establish credit at the same time. Business owners who are interested in exercising this option should speak with their merchant services representatives.