History of Cash Advance
California Money Lady and Phoenix Money Lady are an independent
Agents for Business Financial Services, As well as Merchant
Services provided by First Data Independent Sales for all
types of Visa, Master Charge, Discover Card, and American
Express. Knowledgeable, Fair and Honest with hundreds of
satisfied clients since 2004.
Who is Business Financial Services
Since 2000, BFS has funded over 8000 merchants through
its relationship driven business model. BFS has provided
funding services for banks, alternative funding sources,
merchant account processors and vertical industry
partnerships.
Business Financial Services is the west coast satellite
office for the corporate office that is located in Coral
Springs, Florida. BFS provides business cash advances
to its customers through Accounts Receivable
Factoring, utilizing a merchant’s cash stream from credit
card sales as a means of automated repayment.
The Advance
All retail and restaurant owners find themselves needing
capital to grow and manage their businesses. At times,
these businesses are unlikely to obtain a traditional bank
loan due to unacceptable debt to income ratios or
low personal or business credit scores or failure to declare a profit.
This is when BFS steps in. We use the “real-time assets", the
customers of the merchant to provide funding.
A healthy business can rely on the fact that their
customers will continue to spend money at their
establishments. BFS provides an advance on those sales.
The advance can be used for advertising, equipment purchases,
renovations, expansion, inventory and taxes.
Helping Businesses Grow
There are basically 4 Phases of Funding and it goes much like this.
Phase 1> The Challenge... BFS will fund Merchant based
on a current issue or particular event, such as Advertising, Inventory,
Taxes, Rent/Mortgage, Equipment of Expansion.
Phase 2> Customer Base... BFS offers additional funds and consults
with the merchant regarding a variety of programs to grow their customer base
Phase 3> Raising Average Ticket... BFS offers additional funds and
consults the merchant on up-selling, cross-selling, and selling higher margin items.
The funds are generally used for inventory and advertising.
Phase 4> Adding Up-Front Sales... BFS offers additional funds and
consults with the merchant on gift cards and loyalty programs, private sales and
special events.
