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.

Charles Baratta here again with Express Funding Group going over the advantages of business cash advance financing versus small business loan financing. Now in this video I’m going to talk about how business cash advance lenders do not report to the three major credit bureaus once the advance has been originated. Now you compare that to the traditional small business loan lenders who do report that to the credit agencies. This is a big plus for small business owners. Now the reason it’s a big plus is because small business owners also own homes, they want to buy boats, they buy cars and when applying to other creditors, this advance is invisible. So if a small business owner wants to refinance his or her own house, this line will not show or they want to purchase a boat or a car and they need a loan it will not show up as any kind of financing. So, although business cash advance companies do file a UCC against the business, this does not show up on the small business owner’s personal credit. I hope this video has been helpful, I will see you on video number six coming up shortly.  For one on one advice, give me a call at 516-730-2442, or text your name, email and website to 516-513-8439 to get  on our preferred client list and receive a free month of local, direct advertising for your business.