Your team has closed a number of businesses. The commission is not available immediately. It will take up to six weeks for funds to be available, yet you need cash to be accessible immediately. In light of this, you have decided to consider getting some funding.
Extensive research has unearthed alternative funding systems, one of them being commission advance. All that remains is to find a reputable commission advance company.
You have looked through a catalogue and found several companies that offer commission advances. How do you choose the one to transact with?
Consider the following tips:
What fees are you expected to pay?
Having taken bank loans in the past, you are wondering if commission advance companies work the same way. No need to fret. No commission advance company should charge anything more than a discount fee. Good companies will not have a list of undisclosed fees that they only tell you about when it is too late to cancel the transaction.
Absence of credit checks
It does not matter whether or not your credit is good. Most commission advance companies do not run a credit check. After all, this is not a loan. What is considered is your forthcoming commission. That is what they will recover their funds from. They have bought the said commission for a fee.
Approval time
The list of documents required is minimal and easy to submit to the company online. Approving an application should therefore be a one-day affair. In fact, if you submit your application before 12:00 PM, you should have the funds in your account the same day. The application, approval and even funding should not take more than 24 hours.
Easy application
The best companies have simplified the application process. Your company of choice should haveonline application available. It should also provide a very easy to fill application form and a clear list of documents that you need to attach to your application.
No limits
A reputable company does not have terms like minimum fees or the smallest/ largest size of commission that they are willing to give you. You should be very keen on the conditions that are not out in the open.
Multi-deal advances
A top company should be in a position to offer advances on more than one deal. You should find one that will not flinch at the thought of advancing you funds on many deals. Companies that are not well established will resist such a deal based on the number of advances pending.
There are a number of well established companies that place no restrictions on the number of deals you may receive commission advances on. Your request is not approved based on the amount of commission you seek. It is based on the conditions attached to each deal.
You will find quite a number of commission advance companies that will meet your requirements, but in order to get the best, you will need to do your research, consult extensively, visit the companies and be patient.
