New Merchant Cash Advance puts Quick Money in Merchant Reach
Charlotte, NC - September 8, 2009
XBS Rolls Out Cash Advance-
XBS President Dave Robb says "Merchant request" is behind the addition of the new value added service.
"Our cash advance service is linked directly to our merchants future credit card sales. The service is quick, with an easy application process. In times when commercial bank borrowing is tight - business owners who are confident in their success - are prepared to do what is necessary to survive, or even better, grow."
Cash advance services have payments that fluctuate based on the merchants credit card processing volume, so the merchants payment can rise or fall based on that factor, and that's a "good thing", says Robb. In addition, the service does not require a personal guaranty - a requirement on nearly all loan products that cause great anxiety for the business owner.
Robb's company continues to take the educational approach with their merchants. There are less expensive financing methods to be sure - but the paperwork, time, and qualifications involved are overwhelming, and the effort all too often unsuccessful. When an already processing merchant needs money quick for expansion or overhead - cash advance is a viable option.
XBS stands for Expert Business Services, which focuses on the electronic payment needs of small to mid size businesses, claims a commitment to a further, in depth line of relative products and services that address real merchant needs in any economic climate.