Most people don’t think of credit cards as assets, especially when those cards are maxed out; but they are. Credit cards? Assets? Yes, they are… if you’re a merchant. They can be a hidden goldmine. If you’re an auto repair establishment, restaurant, convenience store (not in a gas station), delicatessan, liquor store, retailer, and even a hair & nail salon or spa, cash can be easily attainable.
It’s an advance against credit card sales. You can be funded in as little as 10 days after the required paperwork is processed. The secret is to show that your business accepts credit card payments and that you have at least $2,500. to $3,500. per month in sales with the last 4-6 consecutive months of Visa/MC statements. In most cases the application consists of a single page.
Fico Scores/Reports. If your credit score is not what you had hoped, we recommend reading Rich Dad’s Advisors®
Short & to the point. I like it.