SELECTED PRESS RELEASE:
1/30/2012 6:13:00 PM EST
|Protect Your Business With Access To Cash When You Need It!
VISIT WEBSITE (learn more)
Every business owner has multiple daily challenges working on their business. The daily grind of running a business is such that most business owners neglect to make sure they have access to readily cash so when the need arises for it they have it. You know what they say, “better to have it and not need it than need it and not have it”.
Well I have come across a product that is the IDEAL solution to all business owners need for quick cash.
It is called ReadyReserve - What is ReadyReserve?
ReadyReserve provides coverage for businesses by making funds available, within 48 hours, to be used at the
owners discretion. Whether it’s for an emergency, to cover a shortfall or maintain daily operations, ReadyReserve provides access to cash when businesses need it.
•There is no monthly premium or broker fees
•There are no fees until funds are requested
•Coverage up to $250,000
•Coverage amount is based on business sales
Business owners can’t afford to look for money when an emergency or issue arises, with ReadyReserve, money is 48 hours away.
ReadyReserve is Not Insurance therefore there is NO monthly premium or broker fee/set up fee.
Having access to funds is essential for any business owner.
Personal credit is not an issue.
ReadyReserve serves as protection for businesses; therefore, funds provided are not reported to any credit
bureaus and will never interfere with a business owners ability to obtain financing.
Coverage Up To $250,000
Reporting is available online for all business owners and Agents to provide critical information pertaining to theirReadyReserve account.
There is no limit to the frequency of funding requests
There are no spending restrictions
It’s what every business owner needs
Maximum Approved Amount (Coverage Amount) is based on monthly business sales volume.
Coverage Amount is equal to 80% of your monthly credit card sales volume and can increase by as much as 10% per month, giving ReadyReserve clients immediate access to cash when they need it.
The payback process is simple and provides Revolving Coverage:
A small percentage of each credit card sale is held back and applied to pay the amount due, which instantly
increases availability. The total payback amount is determined by multiplying a Factor Rate (typically 1.375) by the total amount received this is NOT Interest and there are NO additional fees. To ensure maximum coverage, availability continues to grow as funds are replenished.
For every dollar that is replenished, $.73 is immediately made available.
Payback is only made when credit card sales are processed.
There are no fixed monthly payments.
The holdback percentage varies based upon the Businesses remaining availability according to the following schedule: As the availability increases, the holdback percentage declines. Percent of Remaining Availability Percent of daily volume hold back. More than 65%10% Between 35% and 65%20% Less than 35%25%
$10,000 –Payback ExampleExample: $10,000 Max Coverage
(Remaining Availability More Than $6,500)
Between $3,500 and $6,500)
(Remaining Availability Less Than $3,500)
95% of all business owners who apply qualify forReadyReserveHow much can I qualify For?
ReadyReserveCoverage ranges from $1,000 -$250,000.
Do I have to secure my Coverage with any assets or collateral?
No, ReadyReserve is unsecured. Your proven business track record helps us determine
the amount of your coverageWhat is the cost of funds?
There is no interest. We provide funds based on a factor rate.
How do I access available funds?
Funds are easily accessed by submitting a Funding Request online.
Is there a fee to have funds released?
No, when the funds are deposited onto your Prepaid MasterCard®
Yes, there is a $25 fee when the funds are deposited into your bank account. How long does it take for funds to be released from my account?
24-48 Hours when deposited onto your Prepaid MasterCard®.
5-7 Days when deposited into your bank account.
Watch a 4 minute video to find out more about ReadyReserve, how it can benefit your business and how a lot of business owners are jumping at the chance to also become referral agents.
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