Discussion on How Merchant Advances Have Worked Where Banks Have Failed

USA, July 2, 2015 (Newswire.com) - William Ford: In a recent press conference that was held in the city, people from all sectors of lending had come together to shed light on the issue of money lending for small to mediums sized business owners who were failing to get a credit from a regular bank. To make the session an interactive one, many such owners were invited to be a part of the meet and voice their concerns.

The most common questions that were asked were what was the procedure followed by Funding Nation to assess the eligibility of a business for a loan, how soon can the funds be cleared and what were the benefits of using this method of obtaining funds. While answering their questions, the CEO also highlighted why this method of funding is such a lucrative option for businesses while compared to the mortgages or loans provided by their lending counterparts – the regular banks. He explained that loan application approvals were done in a matter of hours and there is no collateral required with Funding Nation.

People, who have been bankrupt in the past and have less-than-impressive credit scores too could apply for these loans because the main criteria for approval here is the business turnover and letting Funding Nation tie-up with the bank that deals with the credit card transactions of the business. Loans are not paid back in the form of monthly installments but a share of the take the business makes on a daily basis plus a small commission is collected by the lender until the amount it has loaned is repaid. The other option is the business pays a fixed amount per week or day. Repayment periods with these loans can range from 4 months to 2 years, depending on the revenue a business earned and the amount borrowed.

The benefit here is that complex loan applications, tons of pay slips, forms and proof of 401K and other endowment savings need not be furnished to the Funding Nation. One simply had to provide their business statements such as a P&L account for a certain amount of time confirming what their average turnover is and should it meet their criteria, then they can get funds in as little as 3 business days. He also pointed out that most banks were reluctant to lend to people having a history of bankruptcy or to certain types of businesses, but Funding Nation caters to all of them too. The aim is to help businesses expand their trading area or add to their fixed assets even on short notice so that valuable business opportunities are not lost to tedious and over-particular bank lending policies.

About the company: Funding Nation offers funding for all types of businesses which can amount from $2,000 to $500,000 for a variety of purposes such as business expansion, remodeling, tax payments and hiring/buying equipment. They have helped business in almost most industrial and service sectors such as retail, construction, medical, manufacturing and trucking and can easily be contacted by email on support@fundingnation.us You could also visit their website: www.fundingation.us for further details.