Business Funding

What is Merchant Cash Advance?

A Merchant Cash Advance provides business owners with access to their needed capital. The company providing the funds advances the cash by purchasing a pre-determined amount of the business sales volume sold through a merchant account.

Many like the fact that you are only required to pay a fixed % of your credit card sales so if your sales slow down to a second COVID wave or other unforeseeable issues your safe. You have no accruing interest or fixed payback period.

Business owners can qualify for a Merchant Cash Advance between $5,000 and ranges up to $500,000 with our programs.

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 What is Merchant Loan?

A small business loan refers to receiving a lump sum of working capital to use for business purposes. The best feature about this type of loan is that there is a fixed payment amount which is automatically deducted from your business bank account on either a daily, weekly, or monthly basis.

Business owners can get access to working capital as small as $5,000 that ranges up to $1 million.

What is Merchant Line of Credit?

A line of credit is a flexible business financing option that allows quick access to a defined amount of working capital. The way it works is a business is approved for a set amount of credit and has access to that amount through a streamlined process which allows for quick and easy access to draw on the approved amount when needed. We can facilitate access to line of credit financing from $5,000 up to $250,000.

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Advantages of Merchant Cash Advance

Advantages of Loan Programs

Advantages of Merchant Line of Credit

  • You don't need a stellar credit history to qualify.
  • Loan : The traditional loan is a lower cost option for merchants that have at least 2 years in business and a FICO score of at least 620.
  • You will only be responsible for paying back the amount of money drawn along with any fees or costs.
  • Cash-flow friendly! Your business remits less on slow days and more on busy days to keep cash-flows smooth.
  • High Risk Loan : The high risk loan is a lower cost option for merchants that have been in business for at least 2 years and a FICO score of at least 580.
  • If the business draws less than the approved amount, you don't have to pay back the entire approved amount, only what was used along with any costs or fees.
  • You don't have to worry about fixed monthly payments during tough times, and there is no set maturity date. This enables your business to be more flexible financially while fully funding all of its operations.
  • Loan with MCA Pricing : The loan with MCA pricing is an ACH option for merchants that would not qualify for a loan due to time in business or low FICO. The pricing is the same as the MCA, however the repayment is a fixed daily ACH.
  • Flexible Payments - Payments are automatically withdrawn from the business bank account.
  • The remittances are automatic and don't require you to write any checks.
   
  • Getting a Cash Advance is faster and easier than obtaining a traditional loan, making your much needed capital more accessible when you need it quickly.
   

 

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