Need capital for your business?

Are you finding conventional loans to be a bust? Well, try something unconventional then, and sell your future credit, debit and EFTPOS card sales.

Most businesses, especially during these economic conditions, will need an infusion of cash at some point; whether it’s for marketing, renovations, new equipment, or business expansion. Unfortunately, not all businesses have the working capital or financing readily available to cover these needs.

Sometimes a business owner will apply for traditional bank loans or financing, but get turned down. Or, will be left waiting for a decision beyond the time when funds are needed. That’s when a business should consider using a little-known ‘hidden asset’ to obtain working capital—their future credit, debit and EFTPOS card sales from customers.

AUSvance (http://www.ausvance.com.au?sc=dynamicbiznl) now allows Australian based businesses to sell their future customer card sales at a discount, in exchange for cash today—between $5,000 and $200,000. The business then delivers the future card receivables it sold by allowing AUSvance to deduct a percentage of its future card sales from its merchant facility, until it has delivered the total amount of receivables sold.

Because this kind of ‘factoring’ arrangement involves a purchase and sale of future receivables, it’s not a loan product. There is no set repayment term, monthly fixed payments or an interest rate.

Furthermore, with the AUSvance product, there is an approval rate as high as 90 percent, compared to traditional lending sources such as banks. And they are able to provide working capital typically in 10 business days. The approval process is also fast, generally within 24 – 72 hours to receive between $5,000 and $200,000, and compared to a traditional bank loans, the paperwork for AUSvance working capital is minimal.

Another unique aspect of the AUSvance working capital product is its flexibility. Most traditional small business loan products require a fixed payment every month regardless of the merchant’s turnover or cash flow. AUSvance collects a portion of the receivables it has purchased only when the business processes card transactions. So if business turnover is trending downward, so does the amount of money sent back to AUSvance to repay the advance. In essence, AUSvance only gets paid as the merchant gets paid from its customers.

Now, more than ever, Australian businesses are finding it harder to obtain working capital from traditional sources and AUSvance fills that need by allowing business owners to unlock their ‘hidden asset’ and obtain capital.

To learn more about how AUSvance can provide working capital to your business, call AUSvance at 1300 760 930 or visit them online at http://www.ausvance.com.au?sc=dynamicbiznl