Small Business Loan via Merchant Cash Advances
With a merchant cash advance (MCA), you can get a small business loan in just seven days.
With our current economy, it is not that easy to meet certain requirements in getting a fast business loan. However, a merchant cash advance gives us the chance to get funded without the need for too complicated requirements.
The only major requisite in getting MCA is to have a business credit card. It means that your establishment should be accepting credit card payments from your customers. Your credit card receipts will determine how much cash advance you will get from the MCA providers. It also proves that your business is legitimate.
How MCA Works?
Merchant cash advances work very simple. The greatest asset you have is with your future credit card sales. Your future sales will determine how much you will pay the cash advance provider each month.
Upon agreement with the process and after the cash advance is forwarded to your account, the provider purchases a percentage from your future credit card receivables at a discount rate. All will be calculated based on your recent credit card processing receipts.
What are the benefits of choosing MCA?
One of the best benefits with merchant cash advance is that the process involves zero risk on your behalf as well as the providers’. You can get the capital or funds you need for your business while we are also getting paid slowly but surely over time.
Here are some other benefits of MCA:
Your business can get funded up to $250,000 depending on how your credit sales status is and on how your expected future sales are. Cash advances are forwarded to merchants in as quickly as seven days upon approval of the application. Every small business owner has almost 90% approval rate. Cash advance applications are approved within 48 hours. There are no application fees or hidden fees. There are no fixed payments. MCA providers are very friendly and a lot easier to approach than banks.Where can I use the cash advance?
Small business owners are free to use the cash advance money any way they like. As long as it is related with the business, the merchant can use it for any purposes such as: expanding the business, renovating the office, payroll, inventory, or for purchasing equipments. No matter how you will use the money, merchant cash advance lenders are more than happy to help you with your business needs.
Who can I avail a business cash advance?
Any merchant who owns a small business is eligible to get a cash advance. Restaurant owners, medical professionals and even retail shop owners are welcome to apply for MCA.
You just need to come up with the needed requirements so that you may be eligible for the cash advance that you need.
Merchant cash advances give small business owners the chance to get funded even while in the brink of financial problems. When there’s no one else to go, you still have a chance with merchant cash advance to where you can get the funds you need.