What is a Merchant Cash Advance?
A merchant cash advance gives a business access to capital fast to meet their business needs based on future credit card receivables. The way this business cash advance works is it gives a business access to funds in a fast and simple way in return for a portion of the business’s future revenue receivables at a discounted price. To be approved for an MCA, certain criteria must be met. An important criteria, among others, is that the business must accept credit card payments or have other receivables.
Our merchant cash advance amount starts at $5,000 and ranges up to $500,000. This business advance is ideal for businesses who need fast access to capital funds with a simple and easier application process. The merchant cash advance also provides a business with flexibility as the advance has variable payments based on business receivables. If your business has high credit card sales, or has lots of receivables, or is seasonal, then a merchant cash advance might be ideal for the business.
How Can My Business Benefit From a Merchant Cash Advance?
A business can benefit from a small business cash advance as this allows fast access to the capital the business needs with very flexible payment options. A small business cash advance tends to be more flexible than traditional loans. This is ideal for businesses that are seasonal, or have high credit card sales or have a lot of receivables.
Who Can Apply for a Merchant Cash Advance?
A small business that has accounts receivables, such as credit/debit card sales, invoices, etc., is able to apply for a merchant cash advance. The small business financing company will review credit card processing statements, business bank account statements, invoices and more to review to see if a merchant cash advance is right for the small business. <<Click here to apply for a Merchant Cash Advance today!>>
