Merchant Cash Advances from $5,000 to $500,000 within 3 days
Merchant Cash Advance
A Merchant Cash Advance is a great alternative to traditional financing for small and medium size business. By purchasing a portion of your business’s future credit card sales at a discount, a MCA provides cash now for your future sales. The repayment is simple as we take a small portion of your future credit card sales as repayment.
Merchant Cash Advances from $5,000 to $5000,000
- Been in business for at least four month
- Not in active BK
- Minimum $5,000 a month in credit card sales
Here are some great attributes of a Merchant Cash Advance:
Cash Flow Friendly: Because you pay a percentage of your credit sales, your repayment fluctuates with your cash flow; If sales are lower you are repaying less!
Fast: Approvals are typically issued within 24 hours and accounts are typically funded in as fast as 72 hours.
High Approval: Unlike traditional financing personal credit score plays a small part in our underwriting model.
More Capital: In most instances you have access to more capital every 3-4 months
What is a Merchant Cash Advance?
A merchant cash advance is a convenient and swift way to get your business the working capital it needs. By purchasing a future portion of your credit card sales, a merchant cash advance provider will provide your business with an upfront, lump sum of cash.
The process is designed to get you the funds your business needs with ease and speed in mind; a merchant cash advance is typically repaid in less than 12 months. With an agreed upon small percentage that works with the flow of your business, payback is just as simple.
Merchant Cash Advance VS Bank Loan
Qualifying for a bank’s business loan in today’s economy has become very challenging and if you do not have excellent credit – virtually impossible. Other traditional sources of capital such as home equity loans and credit card loans are no longer options for many business owners. Therefore, a merchant cash advance is a smart alternative to traditional financing.