Tradewinds March 2014 Final Web OPT
March 2014
March 2014
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Chesapeake<br />
Dr Crime<br />
Cash advance, what to look for…<br />
and what to run from.<br />
Cash advances are, in most cases agreements that allow merchants to receive money for a percentage of future<br />
receivables. It’s quite simple really.<br />
Small businesses that cannot get funding or can not get it in a timely fashion from traditional financial institutions<br />
will look to cash advance companies like Ally Merchant Funding, to supply them the capital they need.<br />
Smart business people that need capital will of course be looking at the terms of the deal, like the factor rate,<br />
time frame and the remit percentage. This is pretty ordinary and I would expect everyone to do this type of<br />
due diligence.<br />
Pretty simple so far, right?<br />
What many merchants fail to look at though is the new credit card processing agreement that often goes with a<br />
merchant cash advance. And that’s the got’cha. At AMF we’ve seen $1,000 dollar cancellation fees or tiered<br />
credit card pricing structure that were 3 times the norm.<br />
Don’t be fooled into thinking that the only numbers you need to look at are the terms of the cash advance.<br />
Those are very important. There is no question about that. But there are a set of other numbers that must also<br />
be studied before any contract is signed. And those are the credit card processing numbers. They are just as<br />
important.<br />
Work with reliable, professional companies that will NOT put your business into an exorbitant merchant service<br />
contract when you sign up for their cash advance program. If they try to…run!<br />
Run to Ally Merchant Funding today.<br />
By Doug Wilson<br />
President Ally Merchant Funding<br />
www.allymerchantfunding.com<br />
757.490.2964<br />
On a budget?<br />
Buy a black and<br />
white AD with 6<br />
Month Commitment<br />
and get 2 months<br />
half off!<br />
Call Scott<br />
252-312-2302<br />
scott.perry@albemarletradingpost.com<br />
Dear Dr. Crime: My daughter, a<br />
young teenager, and I have ongoing<br />
fusses about her risk of harm when<br />
she dates. She says I am foolish,<br />
no one is hurt by going on a date<br />
and I say she must be more critical<br />
and careful. What is the risk for<br />
girls? Angry Dad<br />
Dear Angry: You have a right to<br />
be concerned. A national survey<br />
found that 10% of teenagers had<br />
been a victim of physical violence<br />
from a “date”. Psychological assaults<br />
are higher. Other studies<br />
show almost half of the kids in<br />
local studies were victims. This<br />
month is National Teen Dating<br />
Violence Awareness and Prevention<br />
Month by action of Congress. For<br />
more information go on the internet<br />
and see http://nij.gov/journals/261/<br />
pages/teen-dating-violence.aspx<br />
I urge you to read what the US<br />
Department of Justice has to say<br />
and discuss it with your school,<br />
your church and most of all, your<br />
daughter.<br />
Do you have a crime and delinquency<br />
related question? Write to<br />
Dr. Crime at<br />
Also, if your child is a “youthful<br />
offender” Dr. Crime can offer suggestions<br />
on how to work with the<br />
criminal justice system. For more<br />
information see http://drcrime.<br />
weebly.com
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