ACH Bank Loan - Excel Capital Management
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ACH Bank Loan

ACH Bank Loans and How They Work
Businesses that struggle with no collateral or no credit find it difficult to qualify for traditional financing. Companies in need of quick capital to expand or improve their operations face limited options because of these roadblocks. Numerous companies report strong sales and solid cash flow statements but do not meet the rigorous standards required by traditional lenders. However, financing programs exist that provides business owners with fast capital along with minimal qualification requirements. The money comes in the form of an ACH Bank Loan.

A Closer Look at ACH Bank Loans
Technically, ACH Bank Loans are not the same as traditional business loans. ACH Bank Loan companies’ package their deals where they collect remittance using a small percentage of daily debit and credit sales. Therefore, there is no fixed interest rate or payment. If a small to medium sized business owner can demonstrate strong credit and debit sales, they can then qualify for an ACH Bank Loan.

What Makes an ACH Bank Loan Unique
The primary purpose of an ACH Bank Loan is to service the financial needs of small to medium sized business owners. However, there are unique advantages included in the service that tailors to a specific business owners need. Here are some of those advantages:

  • Unlike traditional business loans, funds from an ACH Bank Loan disburse in as little as three to four business days.
  • ACH Bank Loans do not require a minimum credit score to qualify. Therefore, any company struggling with a weak credit profile qualifies for the funds they need.
  • Traditional business loans typically require some form of collateral to secure a loan. The collateral requirement causes many business owners to face the fact they may lose precious assets in case they cannot make their payment. However, merchant cash advances do not require any personal collateral to qualify. Business owners who have limited assets never need to worry about losing their collateral.
  • Since there is no fixed payment with ACH Bank Loans, business owners who run into financial trouble or weakening sales do not carry the burden of a fixed remittance.
  • With an ACH Bank Loan (this financing product is typical for businesses that do not accept credit cards or want a set repayment schedule) the collection process is done through the Automated Clearing House (ACH) process. collection process is through the Automated Clearing House withholding method with fixed daily, weekly or monthly payments. This method allows the lender to withdraw a predetermined amount from your business bank account. Lastly, a lesser common method of collection is through a lockbox agreement. With this method, all of a business’s daily credit and debit sales are deposited into a lockbox account, in which the agreed upon repayment amount is removed by the lender.

When to Use an ACH Bank Loan
Successful business owners understand how important it is to use financing wisely and effectively. Success is far more than how the business uses the funds, but how the business secures the funds. Great business leaders decide how they will finance their business needs before they actually apply.

Consider all of the advantages an ACH Bank Loan has to offer. Take into account the company’s current credit profile and how quickly funds are needed to improve operations. If both situations require immediate action, then it is time to use a merchant cash advance.

Apply today and discover the power of an ACH Bank Loan. Secure funds for renovations, advertising, inventory control, accounts receivable or any other business related upgrade that enhances the company’s daily operations. Take your business to the next level by applying for a merchant cash advance.

See what your business qualifies for

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