We will pay you cash today for your future sales. Do you need cash to buy new equipment; expand your salon; or just carry you through the slow months? We can help. We provide millions every month to small businesses.

Send me an email and I will call to explain our program. No, I won't spam you nor will I call incessantly.

Mark Jones
Authorized Agent
AdvanceMe Corp.

OK, I am curious, I will be game, Just really want to know how this works. I went to your website, really doesnt give alot of details I am looking for.

Ok. Let me see if an example will help. We buy a certain amount of your future sales at a discount. We give you the cash now; then we take a small portion (between 5% and 20%) of your Visa/MC sales until we have received the purchased amount back. Think of it as a silent, non-controlling, investor in your business. We simply get a portion of the sales until the amount we have invested in your company is returned to us, then we say thank you for doing business with us and the contract ends. About 30 days before the amount is paid back, we will give you a polite call asking if you need funds again and wish to continue the relationship. If you do, we deposit the additional funds in your checking account. If you do not, the contract will end on the day we have collected the sales which we bought.

Hope this helps, if not ask away.
Mark

Part Deux...
You may use the funds however you wish, whether that is to buy new beds, remodel your salon, provide temporary cash flow, or even buying an existing business (in that case we would base our purchase on the previous business numbers). You could even use the money to go on vacation, although, we don't recommend using business capital that way.

Ok I understand that part, what is your take on this. What kind of interest are you going to charge my for this loan on advance.

Quote:
On 2003-07-25 09:08, TanningEmporium wrote:
Ok I understand that part, what is your take on this. What kind of interest are you going to charge my for this loan on advance.


Did I read that they would take a "small" portion of your credit card sales, 5 to 20%? 20%?????? Reminds me of when I was young, stupid, and had no credit. Financed my first cheesewagon at 24%, but man how proud I was of having that car!

NO, you did not read that i was going to do this. If you are reading it right, I am asking questions. That is the amount for repayment, I am asking what kind of interest are the attaching to the payment.


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[ This Message was edited by: TanningEmporium on 2003-07-25 11:25 ][ This Message was edited by: TanningEmporium on 2003-07-25 11:26 ]

Quote:
On 2003-07-25 11:24, TanningEmporium wrote:
NO, you did not read that i was going to do this. If you are reading it right, I am asking questions. That is the amount for repayment, I am asking what kind of interest are the attaching to the payment.


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[ This Message was edited by: TanningEmporium on 2003-07-25 11:25 ]

[ This Message was edited by: TanningEmporium on 2003-07-25 11:26 ]

You misread what I asked (if you read into their pitch the same thing I read). Make sense? I never said you were gullible enough to go for this. You/Your in the context of my last post were in general terms, not directed at YOU. I understand and appreciate that you are digging for more specific info and I applaud you for it. Lighten up.

Tamar,
Why do you say, "Gullible enough to go for this"? Why would someone have to be gullible to use our services? We have many excellent businesses who use our services. I can provide references of successful businesses which have used us. Obviously, I don't want to post that sort of information on a public or semi-public board but I will provide it on direct contact.

Quote:
On 2003-07-25 09:08, TanningEmporium wrote:
...what is your take on this. What kind of interest are you going to charge my for this loan on advance.


I will get to answer your question. Please bear with me. Forgive me if this sounds legalese but there are Federal and State laws that govern what phrases I may use. Again, my apologies. (I will get to your question. I need to explain the difference in terms.) We do not provide loans, so there is no interest rate. Interest rates are dependent upon time and contracts with them must have specified time periods. We buy the future sales at a discount with no specified time period.

What is the difference between a discount and interest rate? Interest rates are COMPOUNDING and continue for the time specified, discounts are FIXED amounts of dollars. Basically, with an interest rate the longer it takes to pay it back, the more you pay. With a discount, the amount your pay is fixed regardless of time. Let's try to compare apples to apples. Say you bought a $25,000 car at 7% interest with a five year term. Over the course of that loan, you would pay $4550 in interest. For that same car at a 15% discount, the discount would be $3750, regardless of how long it took you pay off the car. Let's look at another example, home loans are very cheap right now, or so they seem. A $100,000 home at 5.5% over 30 years would cost $201,339; $101,339 of that is interest. While a 5.5% or even 7% interest rate might look better than a 15% discount, at the end of either contract you may actually end up paying more.

That being said, to answer your question, the DISCOUNT is between 10% and 25% depending on many business variables. If you want to compare apples to apples, that 10% discount would be a 10% interest rate if paid in one year, 7% over 2 years, 5% over 3; and 3% over 5 years.

I hope I have clarified things for you,

[ This Message was edited by: AdvanceMe on 2003-07-28 10:15 ]