Business Financing
If you have a desire to apply for business financing and have been turned away by traditional financial institutions, do not loose hope. This is due to the fact that CRS will be able to offer your small business a loan. CRS operates differently from traditional financial institutions in that they are more flexible and are able to offer loans for business financing. On your application, we take into account the type of business that you are in, as well as the purpose for which the business financing will be used for and in some cases; we assess the credit history of the business or the owners of the business. However, CRS is not as rigid when it comes to granting small business loans and CRS has a greater flexibility when reviewing past credit experiences, either negative or positive.

On your application for a small business loan to for use in business financing of your small or medium business, CRS will take into account any past credit problems, which they feel can be defeated. This is factor coupled with your current business strength; as well as taking into account future business trends of your business. CRS is not a lender, but works on the principle of buying future sales of your business, which is often referred to as “future receivables”.

Once your have applied for funds intended for business financing to start up your new business or perhaps to fund an existing business, CRS undertakes to purchase Visa and MasterCard sales from your business. When CRS buys the Visa and MasterCard sales from your business, CRS deducts planned costs from the Visa and MasterCard sales. Through this innovative way of operating, there are monthly billing statements, 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.

When an application for business financing through a business loan is approved, the minimum set amount is $5,000 while the maximum amount is $200 000. Other qualifying criteria include an average monthly Visa and MasterCard sales for your business as well the strength and in same cases the creditworthiness of your new or existing business.

Once your business loan has been improved, your business financing will be positively impacted immediately. CRS calculates a minimum daily payment amount required, as well as 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 financing has been approved, scheduled calculated deductions are performed automatically through your business’ daily Visa and MasterCard sales.

In order to quality for a small business loan with a view to business financing new business, a minimum amount of $3000 Visa or MasterCard sales per month is necessary. This required criteria, as well as proof that your business has been established for at least six months. However, in some instances this may be wavered if is eligibility is proven on past business experience.

The loan amount intended for business financing of your establishment will be electronically deposited into your business banking account, allowing your business to benefit immediately. 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.