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Receivables Factoring Poised to Rise in 2011 Reports Merchant Cash in Advance

Costa Mesa, CA (PRWEB) August 26, 2011

A new Receivables Factoring Program announced by Merchantcashinadvance.com now allows any company in the US that has been in business for at least 6 months financing of over $500,000 without needing collateral or any credit check. This new receivables factoring program has grown exponentially since launch, with over 8,000 businesses opting in.

This business cash advance program is different from all other unsecured business loans bya large margin; by using receivables invoice factoring ways to get businesses merchant loans cash in as low as 48 hours in most cases. It lets the business owner to choose between many different payback methods and length.

The receivables merchant factoring program is easy: it uses a factoring-based method to determine the amount borrowed to each business. It bases this loan amount on an average of 4 months of the business's performance, rather than relying on credit approval or assets.

"Small businesses have found this choice of payback length to be extremely helpful, which explains the huge increase in popularity the Small Business Assistance program has received in such a short time span. Most small businesses call us excited about their new funding options" says Mike Buter, VP of Merchantcashinadvance.com

With over 80% of companies being denied traditional business cash in 2011, this merchant advance program is designed to increase even further in its popularity.

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Read the full story at http://www.prweb.com/releases/receivablesfactoring/businessloans/prweb8746407.htm.