At Walnut Financial we use over 20 different lenders.  What does this enable us to do?  As you might imagine, various lenders specialize in helping differents kinds of clients.  For instance, if you have been in business for 20 years and have a perfect credit score you we would take you to a different lender than if you had a poor credit score and had been in business a year.  Of course, each lender is good at what they do and we make sure they take good care of our clients.

I am often asked, how soon can I receive funding?  I usually say within 7-10 business days.  However, I have worked the past several months with a lender that is providing small business cash advances in as little as 4-5 business days.  That is incredibly fast funding.  Not only that, but their rates are as competitive as anyone in the business.  Low rates, fast funding, same day approval, that is excellent service and we are very happy to send our clients their way.  Contact us today, we will listen to your needs and advise accordingly.

Interchange fee is a term used in the credit card industry to describe a fee that a merchant’s bank (the “acquiring bank”) pays a customer’s bank (the “issuing bank”) when merchants accept cards using card networks such as Visa and MasterCard for purchases.

Sounds a little confusing, don’t you think?

As a business owner who accepts credit cards, and is considering Rate Lock, what do you need to know?   What one really needs to understand that due to rather vague laws on the books it is possible to tack on unnecessary fees and charges.    Which is why Rate Lock is so effective.  We have a team of interchange experts that monitor you accounts and rearrange them to maximize efficiency and save you money.  If you are paying too much in processing fees it s likely that a whole host of these  interchange laws may be being violated or simply worked around.  You could monitor these transactions yourself, but that would require you studying and understanding over 200 interchange laws.  It is possible, of course, but wouldn’t your business be better served by you focusing on what you do best and leave the cost recovery to a team of experts?  Your processing accounts will be constantly monitored and when we save you money that is when we get paid.  Interchange is confusing, constantly changing and takes dedication in order to keep up with all the developments.  The best part is if you do not save money, you do not pay for any services.  It’s a good relationship, don’t you think?

So rather than only focus on being assured the lowest rate, let’s focus on making sure you are only being charged for that low rate, not a host of extra fees and add ons.   That’s when you really save money, that’s when you truly lower your credit card processing rates, and that’s when you increase your profits.

It’s really pretty simple.

Business cash advances are  based on the cash flow passing through your merchant accounts. Your monthly credit card sales will determine the amount of your business cash advance for which you qualify, and your personal comfort level will be a substantial factor in setting your repayment schedule.   You can typically choose between 6 and 12 month terms.  Walnut Finacial has partenered with over 20 different lenders to ensure the lowest rates in the cash advance and credit card receivable financing industry  If your business is in need of a loan to help with expansion, payroll, advertising, taxes or any number of challenges contact Walnut Financial today to and work with one of our hughly trained specialists.

It is always a good feeling when a potential client contacts us for a small business cash advance, and from the beginning it is obvious we will be able to get them a lower rate than they previously thought possible.

How is this possible?  We use over twenty different lenders and look at each business individually.  We understand that small business owners looking for a capital advance may have put themselves on the line while launching their business, and have bad credit as a result.  Does this mean they do not deserve financial assistance?  Of course not, which is why we look at your business plan, use for the funding, and of course your recent business history.  All of these factors enable us to consistently find our clients business loans at the lowest rates available.    So when you need a cash advance for your business for expansion, increasing inventory, payroll or any other reason contact Walnut Financial.

Every time a client asks us to take a look at a credit card processing statement; I can usually guess what I will see, and that is a collection of hidden rates and fees.

The first step; I ask what percentage the business owner has agreed to with their credit card processing company for their monthly service?   A business owner might say, “1.2%” at which point I make a few simple calculations, and I a lot of times I say, “are you aware you actually paid your credit card processing company, 2.3% last month?”  Of course, a business owner is not happy until I point out that I should be able to lower those fees from 8% to 20% monthly.

That savings can easily amount to thousands of dollars per year.  It is our newest program called rate lock, in fact, it’s so new the web designer has not even had a chance to add all the information to the site.

The process is simple;

1. We evaluate your merchant statement
   
2. Find unnecessary and hidden fees
   
3. Present you with a savings estimate
   
4. You hire us on contingency
   
5. We contact your current processing company and processing bank
   and have them remove these fees from your account.
   
6. You see savings
   
7. You split the savings with us.

I suggest all my clients take a look at rate lock.  If we can’t save you money, you have the piece of mind knowing your credit card processing company is not adding any hidden fees or charges.  If we can save you money, we start showing you savings immediately.  Plus for as long as you employ us with this service, you will be able to call and ask us questions about your credit processing.   You will always have have access to interchange experts that specialize in saving you money.  It really is a win – win situation, because we don’t get paid unless we save you money.

Fortune 500 companies and the Walmarts, and Blockbuster Videos of the world are no strangers to monitoring their credit card processing fees.  In fact, they pay experts hundreds of thousands of dollars each year to do so, they also give them a very nice title like CFO.  The average small business cannot afford such an employee, which is why rate lock is so popular and such a value to all my clients.  Contact us today for a savings estimate, and start taking more of your hard earned money home today.

If you are looking for a blog article from the past simply let us know in the comment section, and we will repost any blog entries.  We have reset the blog server and are starting fresh; Feel free to comment and we hope you are a regular visitor to the blog as we hope to educate as well as serve our clients.  We are often asked, “what is a business cash advance?” and we are always happy to explain.

A business cash advence is the advancement of a lump sum of money in exchange for an agreed upon percentage of a companies future earnings.  Every sale that is made includes a small percentage going towards repaying the cash advance.   The rates can vary dramatically.  At Walnut Financial we have teamed with various lenders to have access to over $740,000,000, which enables us to consistently procure loan products for our clients that are the lowest in the industry.  We also have great success lowering a business owners interest rate, on an existing cash advance, by as much as 50% to 80%, so just ask.

Our philosophy is simple; we know our clients are experts in their fields.  Allow us to consult and take advantage of our years of experience to save you money and increase your bottom line.  Thanks for reading.