Restaurants and Retailers Use Credit Card Sales to Receive Working Capital From Business Financial Services

Coral Springs, FL- Historically, most independent Restaurant Owners and independent Retail Store Owners have had a very difficult time obtaining working capital funding from banks and other lenders. Lending institutions consider these industries high risk for a number of reasons. First of all, most of these small business owners have poor accounting practices due to the cash coming in and out of the business on a daily basis. Most of these businesses fail to show a profit on their tax returns, which is a requirement of most lenders. Second, most of the small business owners have less than good credit standings due to using their own personal credit for start up costs. Next, these industries do not invest in assets that can be used as collateral. And last of all, the industries themselves are very unstable.Business Financial Services offers these Merchants a cash advance by factoring their MasterCard and Visa receivables. "We offer small business owners the opportunity to receive funding for advertising, equipment, cash flow, debt consolidation, payroll and other uses. We take a look at different criteria than most funding sources, bank statements, processing statements and credit reports of the principals, to determine how much funding we can provide as well as the risk involved." states Marc Glazer, President and CEO. This type of specialty financing alternate is only offered nationwide by a handful of companies, Business Finance Services is one of two that offer this funding program throughout the continental United States.Vice President, Cathy Bass, markets this funding alternative solely on the Internet. "Business Financial Services reaches out to the masses by forming partnerships with other lenders and industry vendors," states Ms. Bass. She adds, "since this type of funding is relatively new to these small business owners, we rely on the Internet to not only provide us with applicants but to also educate the merchants that have never heard of this alternative." Business Financial Services has launched a web site located at http://www.businesscashadvance.com where Merchants seeking funding can apply for a cash advance. CONTACT: Cathy BassBusiness Financial Services Inc.877-411-6691 x 303954-757-2525 x 303info@businesscashadvance.com



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