Steve Balmer once said: The number one benefit of information technology is that it empowers people to do what they want to do. It lets people be creative. It lets people be productive. It lets people learn things they didn't think they could learn before, and so in a sense it is all about potential.¨ And one of the great things technology has brought about in business is the merchant cash advances.

This is a new type of business loan for which you don’t have to have an excellent credit score. In fact your credit isn’t even considered in this case. What you do need to have to qualify for a merchant cash advance is credit card sales.

Lenders who offer this type of loan get the loan paid back through a small percentage of your credit card sales for a time until the loan is paid. In exchange they give you the lump sum you need to build up your business, for a financial emergency or whatever you need the money for.

The amount you pay back will differ depending on the lender and the type of loan you choose. As an example, lets say you borrow $10,000. Some merchant cash advances will charge you as little as $1500 in interest, others may charge you as much as $4000.

A fixed daily percentage on the payback is established and so you pay back the cash advance as you sell, and how soon you pay the loan off depends on the amount of sales you have and the amount of the loan.

The term of these loans is always shorter than on traditional loans, generally going for about a year or less. On the negative side, these loans are more expensive than traditional loans but they are also much easier to qualify for than traditional loans.

How often have you either heard, or experienced how quickly a traditional bank turns down an business loan with no collateral. In fact with the way the financial market is turning now you may even be turned down for a traditional loan when you do have collateral.

Another plus for the merchant cash advances is that they are approved quickly. The longest these types of loans take to get authorized, is about two weeks and a traditional loan can take as long as a month or more.

Not to mention if your credit score is less than perfect, then this may be the only type of loan you can qualify for. There is no where to go but to try. All you have to do is a quick Google search for merchant cash advances and you will get a number of providers to show up. So what is stopping you! Go look today!