Looking for a cash option for your business, without going the route of the conventional bank loan? Consider a merchant cash advance.
Unfamiliar with a merchant cash advance? It’s understandable. Many business owners are not up to speed with the workings of the merchant cash advance. Here’s the lowdown on why a merchant cash advance might be a terrific business cash flow solution:
This type of financing allows for a business to get a cash advance with a very short turnaround time. There is very little paperwork involved.
You, the business owner, sell a fixed amount of future credit card sales at a discount. In exchange, you receive a lump sum of working capital.
Your business’s credit card processor automatically sends funds to the merchant cash advance provider a fixed, pre-determined percentage from each credit card sale, once the sale is completed. There are multiple rate options.
It all adds up to a fast, effective and simple alternative to traditional loan programs. It’s about getting the capital you need to keep your doors open and your business prospering. Talk to a reputable merchant cash advance lender today and find out about cash advance size, terms, payment and flexibility. It may be the best short-term fix for your business’s long-term growth.