What Is The Principle Behind Business Merchant Cash Advances? – Click Here For Info!

Merchant Cash Advances works in the same manner as that of invoice factoring. The process of invoice factoring involves selling of sales ledger or a specific part of the sales ledger to a group of lenders or individual lender. It provides immediate cash to the company and the sales lender gets paid when the pending ledger invoices of the company are settled.

With business funding, the business sells its revenue stream that will be received by future credit card receipts against the business. The process starts by evaluation of sales from credit cards for a given period of time and a certain portion of this amount is paid to the owner as cash advance. The lender receives the money from those sales after they are made.

In both of these cases, there is a fee involved depending on the amount of cash advance which is charged by the lender. Depending upon the terms of the agreement, fee amount and other costs vary accordingly. The rate of interests depends on the level of risk and flexibility offered from the funding group.

Read The Interesting Snippets Below For Exciting Merchant Cash Advance News!

Bits Blog: AT&T Says It Fired Employee Who Gained Access to Customer Data

– http://nytimes.com/ny

AT&T said on Monday that it had fired an employee who inappropriately gained access earlier this year to sensitive customer information, which may have included Social Security numbers and driver’s license numbers.

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Breakingviews: Glencore's ambitions know no bounds

– http://www.reuters.com/USVideoBusiness

Oct. 7 – Glencore’s interest in Australian mega-mining company Rio Tinto has its logic, but there are significant obstacles that would make a deal tricky, says Breakingviews’ Peter Thal Larsen.

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Investors cheer Hewlett-Packard split

– http://www.reuters.com/USVideoBusiness

U.S. stocks close lower on Monday, pulling back from earlier gains. On the upside, Hewlett-Packard gains ground after it said it’s splitting into two public companies. Bobbi Rebell reports.

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DealBook: Big Banks Face Another Round of U.S. Charges

– http://nytimes.com/ny

Around a dozen major banks are being investigated after being accused of colluding to set currency levels, and several are expected to plead guilty.

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Wunderlich's Hogan – Strong dollar will hurt Q4 earnings

– http://www.reuters.com/USVideoBusiness

Art Hogan, chief market strategist at Wunderlich Securities warns the higher dollar will eventually pull down estimates for 4th quarter earnings.

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Microsoft and Other Firms Pledge to Protect Student Data

– http://nytimes.com/ny

The participating companies are publicly committing themselves not to sell information on kindergartners through 12th graders.

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Tough job for S.Africa's new bank Chief

– http://www.reuters.com/USVideoBusiness

South Africa’s president, Jacob Zuma, appoints a new central bank chief. South Africa’s economy has struggled to bounce back from the worst mining strikes on record. Melanie Ralph reports.

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