How Merchant Cash Advance Can Help Your Business

Find out what a merchant cash advance is and how it can help your business.

This is a new innovation that is growing in popularity. It is a solution for SMEs that require quick advances with the least hassle and the most lenient conditions.

Basically, the Merchant Cash Advance is a loan that the lender provides. As repayment, the lender takes a fixed percentage share in your card terminal sales.

Many SMEs use a card terminal to take payments from customers who wish to pay by cash. The lender contacts the card terminal’s service provider so that he has insight into your daily transaction volume. This high level of visibility eliminates the need to check your books of accounts or your credit score.

The lender can very quickly decide how much loan it should advance to you and also the repayment terms. The process is therefore inherently faster than other forms of financing and much more convenient and time-saving for you.

Whenever you ask for a loan, the bank checks your tax returns, financial statements and business plans. This is time consuming paperwork. But Merchant Cash simply requires information from your card terminal, in order to be approved, hence it is extremely rapid. This high level of flexibility makes Merchant Cash Advance a good choice for SMEs.

The fixed percentage share (on your card terminal) means that the repayment is highly scalable. So if your business goes up, you will pay a larger amount. And when your business falters, you will make smaller payments. This is unlike the punishing interest rates of banks which require the same fixed amount of high interest regardless of your financial condition. Merchant Cash Advances are much friendlier for your business.

Time is money they say. A sudden drop in working capital can be damaging to businesses because the business will be unable to carry out its routine business operations. The longer the shortage in working capital, the more the losses owing to lost business opportunities. A quick injection of cash in the form of a loan is necessary to minimize these losses.

Conventional bank loans can take up a lot of time; if they are even granted in the first place. Merchant Cash Advance will immediately come to the rescue and minimize your losses. So when your business’ working capital falls short, you can depend on Merchant Cash Advance.

And if your business suddenly booms then you require immediate investment, because delay in expansion means lost business opportunities and lost profits. Here again, Merchant Cash advance shines with its timeliness.

There is no need for collateral, so you risk losing nothing.

Loans can adversely affect your credit ratings, but Merchant Cash Advance does not because it is contingent on your revenue.

Up to a certain score limit, even those with below average credit scores will be approved. This is impossible with conventional loans.

Merchant Cash Advance will definitely prove to be a big game changer in the world of finance.

You can take advantage of our Merchant Cash Advance services to help your business grow.

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Telephone:          (347) 755-2257

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