Startup Financing For Small Businesses

Every business encounters major challenges in the cash flow at some point, which may necessitate borrowing of funds in order to sustain business operations. A Merchant Cash Advance is also not a loan product but it is the selling of assets or credit card receipts at a discount. Office of the Comptroller of the Currency (OCC): This is a government agency with the responsibility of controlling all the national banks that issue credit cards.small business loans

Active Account: An account characterized by many transactions, with a transaction activity reported in the last 90 days to a Credit Reporting Agency. Payment Options: It refers to the choice given to the customers to pay a part, or the entire monthly balance on their credit cards.small business loans

The interest that is charged for using a credit card to obtain cash is higher than that charged for using the card to make purchases. Depending on the capital …