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Tuesday, July 7, 2009

Merchant Loan Availability in the US

Last year, Forbes named Virginia as the best state for business due to having "...the best regulatory environment by [Forbes'] count, thanks to the second-best incentive programs in the country--as well as the fifth best tort atmosphere. Other high points include energy costs 30% below the national average and an educated labor force fueled by its proximity to Washington, D.C., and top colleges like the University of Virginia and William and Mary," (Forbes).

Virginia might have made the top of the list for the best states for business, but a question that small business owners are more curious about nowadays is "Which are the best states for finding small business funds?"

Fortunately, merchant loans are available to small business owners in all 50 United States. Merchant loan availability and eligibility requirements do not differ from state to state, the facts remain the same. A merchant who has owned his/her business for at least six months, processes a minimum of $2,500 in monthly credit card sales, has no unresolved bankruptcies and has at least one year remaining on his/her business lease has the opportunity to receive a merchant loan. Merchant loan recipients can get $5,000 to $500,000 in business funds that can be used with no restrictions.

Small business owners from Los Angeles to New York can get a free online quote for a merchant loan. Once they receive their merchant loans, a small percentage of their businesses' daily Visa/MasterCard sales is automatically deducted and put toward their merchant loan repayments.

Merchants become eligible to renew their accounts in about three to four months. Merchants across the country have funds ready and available to them, all they have to do is take the first step and apply.


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