3 million in cash advances
taken from the tobacco tax proceeds for the purchase of medicines and motor vehicles, as well as on construction projects.
The rankings are released monthly to include the newest developments and competitive advantages of those offering cash advances
to businesses based on their past sales figures.
BANKING AND CREDIT NEWS-November 16, 2015-Cast Capital partners with direct lenders to provide collateral-based cash advances
M2 EQUITYBITES-November 16, 2015-Cast Capital partners with direct lenders to provide collateral-based cash advances
Business cash advances
offer a short-term working capital solution for franchisors and franchisees and fits a unique financing gap that banks don't service (usually in the range of $10,000 to $250,000).
Because ease of use and accessibility are meant to be the driving features of business cash advances
, there are no lien or collateral requirements, no business-use restrictions and, generally speaking, no set payback period or minimum payment amount.
There, the Tax Court held that certain shareholder cash advances
labeled as loans were really equity, thereby denying the corporate taxpayer interest expense deductions on the repayments.
Credit-card cash advances
carry higher interest charges than the usual credit-card transaction.
Other companies generally charge 10 percent a month, but their cash advances
are usually a little higher than LawCash, Shields said.
Merchant Cash Advances
have been gaining in popularity as banks continue to remain cautious on lending to small businesses, as recently reported in the Wall Street Journal.
45 million Ilocos Norte provincial government tobacco funds for minicabs, buses and minitrucks centered on the provincial government's resort to cash advances
, even though this mode of disbursement is prohibited unless for emergency or payroll purposes.
Apart from aged media sources, aged internet sources and public records, Heritus also uses online questionnaires to generate leads for clients who offer merchant cash advances