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Is A Cash Advance Right For You?

By October 26, 2021November 15th, 2021No Comments
Cash Advance Request

I don’t want to find a new way to grow your business, stay up to date with software and tech, or hop on the latest marketing trend. – Said No One. Ever.

Have you ever thought about utilizing a merchant cash advance to slingshot your business forward? It will give you the ability to have the cash flow you need to make all the changes you’ve dreamed of. Instead of stressing about how to get working capital, you could just opt for a merchant cash advance instead.

Perks of a Merchant Cash Advance

1. Quick Funding

We understand that time is money so our turnaround time is 2-3 days maximum but trending with same-day approvals. Timing is critical and the improved cash flow can make all the difference for your business.

Think of it like this, 1 in 5 small businesses get approved for business loans, however, they had to wait 3-4 weeks for that loan to process, then were restricted from certain purchases. That won’t help you if you are an auto shop that needs to buy parts or a doctor’s office that needs to order supplies. A cash advance takes that entire risk out of the equation when you wait a maximum of 2-3 days to get the funding there are no more missed opportunities and the flexibility to fit the needs of your business.

2. Subpar Credit Is A’OK

The odds of getting a merchant cash advance VS trying to obtain a traditional business loan are in your favor. The application is simple to do and we’re not worried if your credit score is a bit under the weather, you could still qualify. All you need to do is prove your credit card sales match the loan amount, this way we know you can pay the advance back.

3. There’s No Set Payment Amount

Since this isn’t a loan there isn’t a set monthly payment or payment terms. Basically, you are agreeing to trade part of your future credit card sales for a chunk of cash now. Repayment is so easy you will hardly notice it’s there with daily payments made off a percentage of revenue for the day or paying monthly with the benefits of sliding scale payments based on your revenue.

4. Use the Money However You’d Like

Business loans come with restrictions attached when it comes to how the money is spent. For example, the Small Business Administration’s 504 loan program can’t be used for inventory while the microloans cannot fund paying off debt or buying real estate. When you’re limited to what you can buy it makes it difficult to be able to meet the business’s needs. If you want to pay off $20,000 in debt and spend another $100,000 on building renovations we can help you make that a reality. The ability to be flexible is a huge advantage.

Let’s talk and see if a merchant cash advance can help you reach that next level.

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