Charles Baratta, The Merchant Service Group Blog

This is Charles Baratta with express funding group.  Here I’m talking about the advantages of business cash advance compared to small business loans. Now, this video’s going to be based on the leniency on personal credit scores of the small business owners when it comes to business cash advanced lending as opposed to small business loan lending. Now, a business cash advance lender will allow for his small business owner to have personal credit as low as 500 FICO, and when you compare that to a traditional bank that originates traditional small business loans, you’ll look at a FICO score of north of 720 FICO. So business cash advance lenders are much more lenient.  They understand that small business owners do leverage most of their credit cards and home equity lines of credit in order to grow their business and expand. So again business cash advance lenders are much,  much more lenient and look at the business with much broader of a view than a traditional bank originating traditional small business loans. I hope this has been helpful.  For more information go to MerchantLoans.com or call me directly at 516-730-2442.