Small Business Resource for the Other Guy

SCOTTSDALE, Ariz. - June 10, 2014 - PRLog -- SCOTTSDALE, AZ – Some businesses have trouble getting funded through traditional methods because of the type of industry they are in. Others may have incomplete credit scores or there is a less than stellar past that has made every bank turn them down for a loan.

Native Sun Holdings iConnect Capital is a resource especially for a tribal business, but also for any company that has been frustrated with traditional lending, especially

-       A florist that needs to bring in extra help and inventory for Valentine’s Day.

-       A baker with a broken oven. While it may still have two operating ovens, it needs to replace the third to keep up with its orders.

-       A trucking company with drivers that are being hit with simultaneous lumper fees.

-       A long-haul trucking company specializing in refrigerated trucks and three of its fleet vehicles needs serious repairs.

-       A pawn shop that has outgrown its premises and has to look for a bigger location.

-       A merchant without personal collateral.

-       And any business that needs an influx of cash.

Call it whatever you will: merchant account advance, loan alternative, cash flow loan, alternative funding – the bottom line is the merchant cash advance option is a viable resource for the business denied by traditional banking.

The merchant cash advance option that Native Sun Holdings iConnect Capital has helps a company is a tribal or other type of business that

-       Does not have an established relationship with the bank.

-       Doesn’t have a strong financial education.

-       Has a weak or incomplete credit score.

-       Doesn’t have enough capital or asset value to qualify.

-       Is in a line of work that is considered legal, yet shady (escort agency, pawn shop, etc.).

-       And has credit card receivables.

The economic recovery has still been bleak for most United States communities. CNNMoney’s American Dream Poll discovered that 61 percent of Americans still think the recovery from the 2008 financial crisis will take another three or more years. Another 16 percent don’t think it will ever recover. So far indicators say that the U.S. economy has only grown 0.1 percent in the first quarter of 2014.

The International Business Times wrote in November 2013 that while banks received $2.3 trillion in quantitative easing, they were lending to fewer small businesses than before the financial crisis.

iConnect Capital provides a no-collateral boost to any U.S. business in any industry. How it works is the company receives a cash advance based on its six-month history of its credit card receivables.

The approval process takes between 24 to 48 hours and funds can be deposited within five to seven days. It is not a business loan and there are no fixed payment schedules. There is no interest rate, but rather a one-time fee in exchange for a cash advance of up to 200% of the company’s average monthly major credit card sales or up to 50% of overall bank deposits.

This is a leg up to companies looking for emergency funding or that have been denied by a traditional lender. A merchant that serves the consumer, takes credit cards, has owned and operated the business for at least 12 months, has a brick and mortar location can qualify.

To learn more about Native Sun Holdings iConnect Capital or apply for its program:

http://www.nativesunholdings.org/

nativesunpr@gmail.com

855-647-7222