However, there are alternatives for the small business owner to get the working capital that they need for their business outside of traditional capital sources, such as banks. One of these alternatives is for the business owner to use the future credit card sales of their business to meet their current cash flow requirements. With this type of funding solution, a business agrees to sell a portion of it's anticipated future credit card sales at a discount. In turn, they submit a percentage of their daily credit card sales until the agreed upon future sales amount has been satisified. Here's how the program works:

- The company purchasing the future credit card sales of the business will review 4 to 6 months of credit card processing statements to determine the average monthly credit card sales of the business. - Based upon this average, the company purchasing the future credit card sales will make an offer to purchase the anticipated future sales at a discount. Typically, the offer will be for 1 to 2 months of the average sales and it usually takes about 6 to 10 months for the agreed upon future sales to be collected. - The future sales due to the company that purchased them is retrieved by capturing a fixed percentage of the daily credit card sales of the business when the business batches their credit card sales for the day.

Among the advantages of this type of funding solution are:

- It is not a loan. So there is no debt load that is put on the

There are many types of businesses that this type of funding solution will work for. Among those business types are:

- Restaurants - Nightclubs & Bars - Retailers - Salons & Spas - Automotive Service Centers - Hotels/Motels

Eligibilty requirements for businesses to receive this type of funding will vary from company to company. Typically, the requirements are going to be as follows:

- In business at 12 months - Accept credit cards as a form of payment from their customers - Provide at least 4 months of credit card processing statements - Not in bankruptcy and be at 12 months discharged from previous bankruptcies - If there are liens, they do not total more than $100,000

Owning your own business is very rewarding but there are challenges. Among those challenges is being able to get access to the capital you need to sustain and grow your business. Historically, banks have been the main source of obtaining additional capital. However, banks are often unwilling to lend money to the small business or require the small business owner to pledge personal assets in order to secure financing. Now, there are alternative solutions available for the small business owner to get the capital that they need for their business. Among those solutions is for the small business owner to leverage their future sales by selling a portion of their anticipated future credit card sales to get the cash their business needs.

For more information, visit www.prioritycapital.net to learn more about this type of funding solution and to see how much working capital your business could be eligible for.
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