Taking out money for your business is crucial for helping your business sustain itself and also grow. Many small business owners turn to applying for traditional business loans only to realize the process is painfully slow and time consuming. On top of that, there are a multitude of qualification hoops to jump through, including, but not limited to putting up collateral, presenting your business plan, and providing profit and loss statements.
The time it takes to prepare and apply for a business loan can be arduous and let’s face it — time is money. If you don’t have time to wait possibly months to obtain funds for your project, working capital, paying employees, upgrading, or buying inventory, then a merchant cash advance (MCA) may be right for you. MCAs work with the business owner and for the business owner. You don’t need the best credit or even collateral to get approved for funds anywhere from a few thousand to hundreds of thousands of dollars. Repayment is also a breeze, as you simply pay back a percentage of your credit card sales on a daily basis. This ensures that payback is in proportion to your sales so you don’t wind up paying too much if you don’t produce a lot of sales.
Merchant Cash Advance Features
- Minimal paperwork
- Fast approvals
- Funding to you in just days
- Collateral NOT required
- Good credit NOT required
Please give us a call at 1-800-722-4476 to learn more about how the MCA can help your business!