Getting a loan from the bank these days is hard, and once you get approved for one paying it off can be even harder. Knowing this many people decide to borrow money from good friends and close family members who are capable of lending certain amounts of sums, but again the same problem occurs on a much more personal level. You still have to pay off any loans you receive, whether they come from an institution or a loved one. You have to always keep the right amount of cash on the side or keep money in a bank account to write checks on a regular basis so that you do not feel too indebted. It seems easy, but many times this turns ugly and complicated.
Have no fear! There is an easy solution to this. First thing you must do is go to a company that offers small business financing. I stress the word company and not institution like a bank or government agency. These companies are much more understanding when it comes to individually owned businesses because they are one and the same with you.
Once you find the company that suits you best ask them about Credit Card Factoring, or CCF. Credit Card Factoring is a procedure in which a business owner gets cash right away based on their future credit card sales. These sales are then used to repay the advance. What happens is that a small percentage of the funds is deducted on a regular basis that you and the company have previously agreed on and it stops once your business cash advance has been paid in full. You do not have to worry about setting money aside and to remember to get certain sums of money and checks in on time!