The recent mortgage crises displayed the devastating effects of what can happen to a homeowner that is over-leveraged. Using the equity in your home can be an option, but it can be an expensive one. If you would like to borrow $100,000 in equity on your home at 8% over 30 years, you will pay back a total of $264,160.46. Late fees and other charges will add a significant amount to this number.

TMK offers an alternative: Working together, we determine a dollar amount that will provide liquidity and growth for your business. Then we determine a cost for that money, which is a fair and agreeable number. The advance is returned by paying a small percentage of your credit card revenues each time you batch out with your processor. By doing this, you never have to worry about when your bill will come in the mail, writing checks, or missing a payment and incurring large late fee. Because it’s based on your business volume, you don’t have to worry about a fixed payment (like a mortgage) that you might not be able to pay if you have a slow month.