Need a Merchant Cash Advance?
We will say YES when your bank says NO. Unlike SBA loans, Merchant Cash Advance is set up to evaluate your business quickly. In less than 24 hours we will present your business with several funding options to review. Our helpful staff will walk you through each opportunity, answering any questions a mindful business owner may have. Once a decision is made, Merchant Cash Advance will wire the funds directly into your business bank account. The working capital is used at the business owners sole discretion.
How it Works?
Merchant Cash Advance provides small to medium-sized businesses with working capital through a method called a “Merchant Cash Advance” or “Business Advance”. If your business accepts credit cards and has been open for at least six months, Merchant Cash Advance will simply pay you cash for a portion of your future credit card transactions. As your business continues to process credit cards, Merchant Cash Advance will get paid back through a small fixed percentage of your daily receipts. The payback percentage is flexible so the merchant decides how quickly the advance gets paid back. This is not a loan, therefore we do not require any collateral or personal guarantees.
How much financing do I qualify for?
Regardless of personal credit, your business may qualify for up to 150% of its average monthly credit card sales. For example, if your business processes $10,000 a month in Visa/MasterCard sales, Merchant Cash Advance can offer up to $15,000 of working capital (150% x $10,000 = $15,000). As your business continues to process credit cards, the $15,000 merchant cash advance gets paid back through a small fixed percentage of your daily receipts. The process to get a business advance is simple. There are no checks to write, payments to make, or worry of late fees. As you continue to do business, repayment is automatic!