Are You Ready for a Merchant Cash Advance?

A merchant cash advance is a type of loan based on your business’s monthly credit card sales.  MCA financing uses this information to determine how much capital you qualify for and what the interest rate will be.  Many businesses, both large and small, take advantage of MCA loans to invest in growth.

What Are the Advantages of a Merchant Cash Advance?

MCA financing is an excellent choice for many different business needs.  You can use this type of loan to buy equipment, purchase inventory, invest in web development, or take care of emergencies.  In fact, there are no limits on how the capital is used.  Here’s why MCA loans are so popular:

• Simple application

• Large loan amounts

• Fast approval

• Automatic payback

• No debt

• No collateral

Since these loans are leveraged against your merchant account, loan repayment is simple.  Each month, or more frequently depending on the business, the appropriate amount is deducted from your sales.  The payments are based on a percentage of existing sales, so you’re always able to manage the repayment amount.

What Are the Requirements for MCA Financing?

Getting started with a merchant cash advance is easier than many business owners think.  For one thing, you don’t need excellent credit.  The most important thing is to have consistent credit card sales.  The application process mainly focuses on your merchant account, so you don’t have to worry about digging deep into financial records.

To see how easy MCA financing is for yourself, contact us right away.