Here are 3 tips for selling Merchant Services in 2019. You’ll see great results if you implement these:
Based in New York City and founded in 2007, New Merchants Capital extends lines of credit and term loans to small business owners. New Merchants Capital has facilitated more than $10 billion in financing. Best features: New Merchants Capital offers up to $500,000 in lines of credit and has some of the lowest minimum credit score requirements available. Small business owners need a minimum FICO score of 500 for term loans. Term loans are available for up to 36 months. Drawbacks: While New Merchants Capital doesn’t require personal assets as collateral, it does take a blanket lien on all business assets. You’ll be required to commit to either a fixed daily or weekly payment schedule, and there’s a 2.4 to 4 percent origination fee for first term loans.
Discover the benefits and risks of unsecured business loans as an option for financing your business.