NYC Tax Advocates

My photo
Specializing in IRS and NYS Tax Representation. Workers Compensation Audits, Payroll, Sales and Income Tax representation for Businesses, Individuals, Restaurants and Construction Companies. Civil and Criminal Workers Comp Audit representation includes: NYSIF Examinations, Premium Disputes, Employee Misclassification, Underreporting, Unreported Income, and Failure to Keep Accurate Payroll Records.

Wednesday, December 5, 2018

Money Money Money



In a nutshell, a Merchant Cash Advance is financing based upon your businesses future credit card receivables. Merchant financing is repaid on a daily basis as a percentage of your credit card sales. Accordingly, if your credit card sales are high, your advance is repaid quickly. Conversely, if your credit card sales are low, your repayment is low. Use the money to:

  • Buy Inventory 
  • Pay Sales Taxes
  • Buy Equipment 
  • Advertising 
  • Short-term capital
  • And much, much more. 

Easy Financing
Borrow up to 250% of your monthly credit card sales volume in one lump sum. Use the money to pay your taxes or buy inventory. 
Fast Approval
Apply online or over the phone in minutes, get approved in 24 hours and receive funds one day later.
Flexible Re-Payment Schedule
Payments are based on a percentage of daily credit card sales. Easy-peasy.  

Getting Started

To get started, you’ll need to provide us with four things:

  1. A copy of your Government-issued photo ID
  2. A voided check from your business checking account
  3. The last four statements from your business bank account
  4. The last four credit card-processing statements

For more information, call David Selig at (212) 974-3435

No comments:

Post a Comment

COVID-19 Corporate Debt Restructuring vs. Bankruptcy

Corporate debt restructuring  a/k/a  "business debt restructuring" may be preferable to bankruptcy, as explained in Investopedi...