Funding your Business with a Merchant Cash Advance

This day in age, especially with the credit crisis that this country is facing – the opportunity to receive business loans or a business line of credit is tougher than ever before.  But, just because certain business financing options are harder to obtain nowadays doesn’t mean that you have to go without – instead of a business loan or extending your business line of credit, you could take out a merchant cash advance instead.

Merchant cash advances – a fast and easy business funding option

Bank loans for your business and business lines of credit often have strict stipulations and prohibitive guidelines that prevent all but established companies with a great credit score from receiving the money they need when they need it. On the other hand - a merchant cash advance, also known as a business cash advance or credit card receipt advance, is a funding solution available to both large and small business owners, regardless of some of the finer details that often prevent business owners from acquiring the loan or line of credit that they need.

Business cash advances can help you regardless of:

  1. Your length of time in business – Business cash advances are available to both new businesses and well-established businesses.
  2. Your personal credit or your business credit history – Merchant cash advances don’t rely on a high credit rating to get you your funding.
  3. Collateral – Merchant cash advances do not require collateral in order to be approved nor do they require any type of personal guarantee.
  4. What you need the loan for – You can use your cash advance to make payroll, pay back-taxes, purchase inventory or just improve your working capital.

How a business cash advance works

It’s actually quite simple – a merchant cash advance enables you to get a cash advance wired to your business checking account.  A small percent of your future daily credit card batches is used to pay back the cash advance.   There are no checks to write and the repayment is automated, and quite simple.   Instead of an in depth analysis of your business for conventional loan, a business cash advance has an easy approval process that largely depends on a combination of your monthly credit card sales volume as a percent of your overall gross monthly volume.

How easy is it to get approved?

Get started by filling out our 30 second pre-approval form and you can be on your way to getting the cash you need today.

What do you need to know about funding options for small business


 

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20225 NE 16th Place
Miami, FL 33179

Phone (954) 575-4399

Fax     (800) 418-7078

Toll-Free: (877) 2-FUND-FAST
                   (877) 238-6332

Email: info@fastfundsforbusiness.com

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our partners Guide to Merchant Cash Advance Funding
Last updated 7 October 2008.