What is a Merchant Cash Advance?

As financing continues to evolve, many forms of alternative financing have increased in popularity alongside traditional bank loans as a way of securing the capital required to grow a business. A merchant cash advance is one popular type of alternative lending. Rather than going through a lengthy loan process, this type of financing advances your company needed capital quickly based on future credit card transactions.

How Does a Merchant Cash Advance Work?

Based on the size of your customer base and monthly credit card transaction volume, our financial experts extend you a cash advance of up to $200,000. You don’t have to worry about repaying this amount as you would a normal loan; instead, the income from your credit card transactions cover it automatically over time.

What are the Advantages of this Financing Method?

There are several reasons why selecting a cash advance option can be beneficial for your business:

  • No need for an optimal personal or business credit score
  • Funds depend on transaction volume, not total sales
  • No collateral requirements
  • Business capital free for other needs
  • Fast approval
  • No closing costs or application fees

Merchant cash advances can be an ideal solution to deal with company emergencies and seasonal expenses, or to secure capital that can help you take advantage of great business opportunities. To discover the best type of financing for your business, request an appointment with our knowledgeable advisors.