Fast Small Business Loans
CRS differs from conventional financial institutions and is able to offer fast small business loans swiftly. At CRS we tend to be more flexible than regular or conventional financial institutions. We look at the type of business that you are in, as well as the purpose for which the funds will be used and in some cases the credit history of the business or owners of the business. At CRS we are not as rigid when it comes to granting fast small business loans. CRS has a greater flexibility when reviewing past credit experiences.

On granting of a fast small business loan, we tend to look at the greater picture and if we feel that past credit problems can be defeated or that the current business strength is accompanied by a strong probability of progressing healthy business trends. Please be aware that CRS is not a lender, CRS works on the principle of buying future sales of your business, which is often referred to as “future receivables”.

Through extending you a fast small business loan or working on the principle of future receivable, CRS purchases Visa and MasterCard sales from your business. When CRS buys the Visa and MasterCard sales from your business, CRS will then slowly deducted scheduled payments from the Visa and MasterCard sales. In this way there are no monthly billing statement, no invoices and no payment coupons for your business to review. The transactions as well as repayments are done automatically and therefore allowing the small business to operate without the added hassle of writing out checks or worrying about monthly bills.

The minimum amount for a fast small business loan is $5,000 while the maximum amount is $200 000. The amount that CRS will fund your business is dependant upon the average monthly Visa and MasterCard sales for your business. The funding amount is determined largely by the strength as well as creditworthiness of your business.

Once your fast small business loan has been affected, CRS then calculates a daily payment amount required. CRS then determines the original purchase price, total amount to be purchased and estimated payment period, in order to calculate the amount of daily Visa and MasterCard sales to be deducted for repayment to CRS. Once your business if funded, these calculated deductions are done automatically from the daily Visa and MasterCard sales.

To quality for a fast small business loan, a minimum amount of $3000 Visa or MasterCard sales per month are necessary. This required criteria, as well as proof that your business has been established for at least six month, however you may be eligible should you have the required previous experience.

After approval has been granted on your fast small business loan, the requested money will be electronically deposited into your business banking account. Each time a customer pays for a product or a service which your business has rendered, a small percentage if set aside, it is with this set aside percentage that goes towards paying off your cash advance. There are no bills, no fuss and no dreaded monthly statements.