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 of the best merchant cash advance
NASDAQ: GWGH) has expanded into the merchant cash advance
arena with the acquisition and formation of subsidiary GWG MCA Capital, Inc.
com, the independent authority on payment processors, has named it the second best merchant cash advance
service for December 2015.
Prior to the economic downturn, there were only about 10 firms in the United States providing business cash advance
services, and today the industry has grown to more than 40 firms nationwide.
Swift Capital, a provider of working capital to small businesses, announced on Friday that it will include rate tables for Merchant Cash Advance
and Business Cash Advance
products on the home page of its new website.
Landmark Cash Access Solutions, a US-based company offering cash access solution to the gaming industry, has announced release of its cash advance
software for Credit and Debit Card, All-in-One ATM and Kiosks.
Many business owners and financial advisors are very familiar with the regular sale of financial assets, including mortgages, automobile contracts and accounts receivable, among others; a business cash advance
is just another example of such a sales transaction.
The taxpayer executed an interest-bearing promissory note providing for the repayment of the cash advance
in annual installments.
Each contract also provided Westpac a cash advance
and a repayment obligation on a pro rata basis if the partnership failed to purchase the quantity specified.
Where interest typically kicks in after a payment is missed or when a partial payment is made on a regular transaction, with a cash advance
, interest starts the moment the money leaves the ATM.