A Quick Financing For Your Timeshare Industry
Company has multiple shareholders with each shareholder having the
ownership or use right for a certain period of time every year, which
remains almost the same every year. It is also called as Vacation
as the property may be taken by the shareholders on partial
ownership, lease or rental or just has the right to use without any
ownership claim. Merchantcashadvance.co works closely with all of the well known merchant service providers who service and work with companies in the timeshare industry like EMS.
from using in their allotted time, the owners can give out the
property on rent during this time, give it as a donation or gift,
exchange it with other shareholders or with some other unrelated
group and in rare cases, can be sold through online real estate
medium, brokers or other means. Some good examples are holiday
resorts, restaurants, travels etc.
financing help for merchants with bad credit score
business, small or big, startup or profitable needs to expand in
order to achieve higher growth rates, increase market share and beat
the competitors. The main driving force behind all such plans is
credit or financial resources. Getting aid from a dependable credit
provider is the key to expanding the business.
first method of getting business financing is, of course, trying to
obtain a bank
loan. Business loans from
banks are often high amounts at comparatively lower rates of
interest, but they may take months to get approved. Also, the
repayment of bank loans has to be made in Equated Monthly
Installments or EMIs, which require a minimum pay every month
irrespective of the company’s cash flow. Another hurdle created by
banks is the credit score. If you have a history of loan default or
pending loans, have a poor record of repayments, high NSFs
(Not Sufficient Funds) or
low income, banks reduce your eligibility, depending on which you may
get a small loan amount or no loan at all.
finding a reliable credit source becomes difficult in such cases, and
one of the good bank
loan alternatives is to get
(Merchant Cash Advance).
Companies giving such services similar to unsecured bank loans charge
rates but have a flexible
repayment system and quick approval of credit. The company providing
the merchant account will integrate its account with the merchant’s
credit accounts and take over a portion; usually, a major share of
the latter’s cash inflows till their advance amount is repaid. In
this way, the merchant is relieved from a monthly compulsory minimum
amount to be paid to the lender.
the startup company applying for credit has a bad credit score, the
lender may categorize it as high risk or low risk. A timeshare
company is likely to be categorized as high-risk business type. This
is because, timeshare businesses can easily transfer temporary
ownership rights, and there is a high rate of owner dissatisfaction.
Companies under vacation ownership are difficult to sell and may have
high-risk merchant account providers may charge higher fees, but they
provide extra features such as
pricing and loan
management system for solving disputes and
customer support so that the borrower gets all the help to increase
its cash flow. Many high-risk processors customize their service
prices according to the type of the merchant’s business and allow
canceling service without charging penalty.
do you really need a merchant cash advance?
want a quick credit, without the long delays that bank loans take.
are looking for a flexible repay scheme depending on your
fluctuating sales, without any monthly minimum amount.
accept credit card payments from your customers and POS forms a
large percentage of your income source.
are planning to purchase an inventory or infrastructure element for
wish to make your advertisement and promotion campaign larger and
improve cash flow.
of increasing the man count by hiring more employees.
for an opportunity to expand your business either in new product
segment or new territory or preparing for carrying out renovations.
position to secure additional financing
company, particularly if it is a start-up, may require additional
financing even before paying off the existing first business cash
advance from one lender. Instead of going straight away for a second
lender, try for alternative
funding solutions like
funding from banks or
making a lender buy out the first cash advance or refinance or
consolidate the advances, thus making the merchant pay to a single lender.
is a usual practice that the first company lending merchant cash
advance to a merchant enjoys more right to claim on the latter’s
assets. So if the merchant requires the second financing, the next
lender should be willing to take another position, 2nd
position in this case, where the second lender’s claim will be
subordinate to the first lender’s position. Lenders do agree to
take subordinate claims, even 3rd,
positions and provide BCA
(Business Cash Advance),
may be for a higher fee and shorter terms. Therefore, it is with the
merchant to select the best contract suiting its business, which
becomes trickier with timeshare companies.