Business Cash Advances..

[44everent]

Has anyone ever used EZ Business Cash Advance before?

I'm aware of the high interest rates and everything but I was wondering was it legit altogether because I noticed they have so many different domain names and that's a red flag to me.

However I have been trying to google if it's a scam and nothing is popping up saying so so...:shrug:

Was wondering if any of you guys knew from personal experience or not.

And what all information do you need to provide them with?

For those who may have used another lender which do you recommend and what is all required?

Thanks

[stroked89coupe]

What are you looking to utilize a loan for? I have not heard this place mentioned for the time I have been a member on here and there is a good reason for that.....

 

 

 

 

http://www.bbb.org/new-york-city/business-reviews/loans/ez-business-cash-advance-in-new-york-ny-112932/

[dabull136]

EZ Business Cash Advance is just a domain name used by Yellowstone Capital, a well known cash advance/merchant card advance company out of New York. They are legit and can fund almost anyone (we are a broker and have done many loans through them), but...they can be expensive as most all cash advance type programs are. These programs are not scams...but "borrower beware"...

 

The payback comes directly out of your bank when you deposit (they get read only access and ability to do ACH debits) as a percentage of the deposit, usually 12-18%, so it gets paid back quickly. You agree to pay them back a fixed amount, no matter how l;ong it takes, but they determine based on the "holdback" percentage that they usually will get paid back in 4-8 months time. This payback amount can be 20-30% more than you borrowed, btw. Usually 25% is the average.

 

Since they don't go a lot by your personal credit (below 600 can even get approved) these are easy loans to get...but be careful as they can be a hole you find it hard to get out of. They will lend you more after you pay down 50% of the initial loan, but just like a loan shark, that's exactly what they hope you will do and stay on as a high interest paying client!

 

 

[bboyd]

Michael at Benchmark Payment Networks

benchmarkpaymentnetworks.com

 

I had even given up before he gave me a call, we had some adversities that kept us from the funding with others but he made it work and got us a good deal. We don't accept credit cards so it was a big problem with the others but he swung the deal. $10,000 as our first major trade line after the economy bubble busted everyone's world. He is a broker for the cash advance companies but the one he put us with we haven't had any problems and they are super nice, including Michael.

 

If you PM me I will give you his full contact information.