Merchant Cash Advance

Need money to expand your business, FAST? Or have you been turned down by traditional lending institutions? Merchant cash advances may be the option for you.

Unlike personal cash advances, merchant cash advances are not designed to fund the daily operations of struggling companies. Rather, they are targeted toward growth minded businesses that do not have the significant hard assets or personal cosigners banks and traditional lending institutions require, or that need funding faster than traditional lenders can accommodate. A cash advance is similar to the nearly bygone practice of receivable financing (or receivable factoring). It differs in the sense that instead of requiring a specific receivable, such as purchase order, the merchant instead repays the advance by netting off a percentage of each credit card batch. Thereby, the “receivable” is replaced by your daily credit card batch. A cash advance thereby purchases at a discount a specific dollar value of your future credit card sales, paying you cash up.

As well, the repayment is based on a PERCENTAGE of each batch as opposed to a fixed dollar amount like with a bank loan. So if your sales decrease in a given month, the repayment amount decreases as well. This makes a merchant cash advance the ideal way to pay for business renovations or additions, which usually result in a temporary slowdown in business.

Think a merchant cash advance may be a viable option for your business? If so, apply now!

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