Moving Forward With a Merchant Cash Advance
A merchant cash advance is different from a business loan and may benefit you if your revenue rises and falls frequently. This type of financing borrows against your future credit card sales and gives you cash that you can use to cover immediate needs. Merchant cash advances offer several benefits to qualified borrowers, including:
- Little paperwork
- Possible approval with imperfect credit
- Quick funding
- No application fees
- No required collateral
- No fixed payment amounts
- Works with several credit card types, like Visa, Mastercard and Discover
With flexible approval standards, your business may be approved even if you have been turned down by other lenders. If approved, you can use the funds for any business-related expenses, including inventory, supplies, and expansion costs. You may even use the money for advertising, possibly expanding your customer base and increasing your revenue. By borrowing against your own merchant account, you may be able to stabilize your business and protect it from fluctuations in the economy.
Ask the Experts
Call today to see if a merchant cash advance is right for your business. Our team of financial experts can answer your questions and help you with the application process. You may be able to secure rapid funding to build a brighter future for your company.