August 6th, 2007
Thanks for making this purchase, you will find it the most useful loan related text you’ve read in a long time, I promise you that much. This manuscript is formatted in a manner to cater towards those looking to apply for unconventional loans right away. Thus, each loan is outlined on one page, and each aspect of the loan is bolded for easy locating when looking through the manuscript to find a certain concept.
Since there is power in experience, each loan link is provided with insider information about the concept, my experience with the unconventional loan method, and any warning signs that you should watch out for. This information is 100% from someone that has applied these exact techniques for over $50,000 worth of approvals, and all within a 1 year period.
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July 23rd, 2007
Unconventional Loan
The Manuscript
Borrowing Money in Ways You Never Thought Possible
How to best read the Unconventional Loan Manuscript
The best way to read this manuscript to is bring up the home page of the link assigned for each method, while reading the method; this will give you a clear guideline to what the method is all about. It will also help you read up on the basics of the company, or method suggested, while not having to clutter up the manuscript with boring details.
What you are about to read is 100% fluff free, and can truly have a major impact on your financial future. The one common theme in this manuscript no matter what unconventional method is being discussed, is perseverance. One must posses an absolute need to obtain approval, and refuse to take no for an answer. If you are at that point, or willing to get to that point, you are read you read the never before released, unconventional loan manuscript.
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July 23rd, 2007
Merchant Advance
http://www.amerimerchant.com/
The Scoop
This is the first place one should look for an unconventional funding source if they accept credit cards, or have a merchant account of any kind. Obtaining a “loan” from merchant advance is as easy as faxing some documents, and providing some basic information about your business.
There are many different merchant services cash advance companies out there, but most can’t compare to this company. They keep the lowest fees, the lowest required documents, and payout the largest amount of money on a regular basis. What is good about this company is that they have a simple equation, something like 2.5 times your monthly sales that they will lend you automatically if you accept credit cards. This means you can get some serious cash if you have a high volume business, and if not, you can still qualify for several thousand dollars. If you’re big on getting loans, you may want to get a merchant account just to start making money via the sales, to borrow from them.
Payback is automatic with this company. Once you get funded you will receive some documentation that basically permits them to skim off of your daily credit card sales to pay them back. The good news is you are only paying them back on new business. For most businesses, this is great way to borrow money, and not worry too much about paying it back. Typically they take about 25% or so out of each payment you receive, until your loan is paid back. They try to get it paid back between 2 and 4 months. If you’re really looking to get a lot of funding, they will give you 150% to 300% of what you’ve borrowed again after you pay it back. Basically once you establish a history with them, they reward you with more funding.
How Much I Borrowed
As a retail, and online business, that accepted credit cards, this was an obvious choice for our company. We borrowed over $13,000 from them total, and had it wired to us within one week of filling out the paperwork.
What to Watch Out For
They will try to tell you there is technically no interest rate because this is a cash advance, if you were to tabulate interest, it’s somewhat high. About 13% APR or so would be the equivalent, if you were to get this type of credit on a card. Also, if you rely heavily on your daily sales to pay the bills, try imagining what it would be like to cough up 25% of each sale to them in order to pay them back.
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