What is Merchant Cash Advance?
Merchant cash advance is a simple and flexible financing solution based on your future credit card sales. It allows you to borrow against future earnings to access that capital today. You receive a cash advance and then pay it back with a set percentage of your credit card receivables until the advance is paid in full.
You will get funded much more quickly than other forms of financing, making it a lifesaver for businesses in need of fast access to financing.
Does a Merchant cash advance make sense for me?
These advances can be very attractive to cash-strapped business owners. This is because their approval rate is quite high. Generally, over 50 percent of businesses are approved for these business loans, whereas only about 20 percent of companies seeking a small business loan from a major bank get the nod. Furthermore, the approval process is quick and easy! From start to finish, it usually only takes one to two days. The required documentation is usually minimal, sometimes as little as four months of credit card statements, three months of bank statements and a copy of the business’s lease. In addition, your personal credit score does not need to be high for you to qualify for this kind of loan.
Am I qualified for a Merchant Cash Advance?
These advances can be very attractive to cash-strapped business owners. This is because their approval rate is quite high. Generally, over 50 percent of businesses are approved for these business loans, whereas only about 20 percent of companies seeking a small business loan from a major bank get the nod.
See how much cash you can get today!
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