Merchant Cash Advance Advantage
Compared to Other Financing Alternatives
Getting a merchant cash advance offers a lot of benefits for small to medium-sized businesses:
- Quick approval, usually within 7 to 10 days. Banks typically takes up to a month to approve a small business loan.
- Very minimal amount of paperwork unlike banks and other lending institutions, which require a great deal of documentation.
- No fixed payment amount and no late payment charges. Repayment amount depends on the volume of credit card transactions. Most lending companies impose penalties and surcharges for late payments.
- Best of all, no collateral required for you to get money for your small business.