Have you been in business for 6 months? Do you use Visa and MasterCard for daily transactions? Yes, and you need funds to grow and flourish your small business dream. The only problem is: you have a low credit score, so traditional lenders have closed their doors on you. We have good news for you, apply for Merchant Cash Advance (MCA) and make your dreams come true.
What is a Merchant Cash Advance?
Merchant Cash Advance is the best alternative funding for small business in the market. It is a credit card receivable funding that allows the owners of small business to get cash in exchange for the purchase of a fixed percentage of your future Visa and MasterCard receipts. The criteria for the qualification for this marvelous opportunity is easy to understand as compared to the small business loan. The flexibility of the qualification criteria makes it more popular amongst the small business owners.
Merchant Cash Advance offers multiple benefits:
- You can get the cash in just 24 hours.
- With no fixed monthly payments, you are the master of the cash flow.
- No collateral or personal guarantee makes the whole process easily accessible.
These multi-benefits will make any small business reach its new heights. If you don’t want to spend much energy on the whole ceremony of loan application then Merchant Cash Advance is your safest bet. The fact that this comes unsecured makes is more valuable among its borrowers. If you don’t want to put your personal home or financial assets at risk-this is what you are looking for!
Although some might say that Merchant Cash Advance can be a little expensive and we can’t emphasize more on the fact that this might take a huge bite of your cash flow. But, the easy, flexible and slow payments make is all worth it. Additionally, if you need cash in a week’s time, through the business cash advance it’s possible.
Documents you need to apply for Merchant Cash Advance
- Bank Statement
- Financial Statements
- Business & Personal Tax Returns
- Driver’s License
- Strategic Business Plan
- Business Debt Schedule
- Credit Card Processing Statements
Where can you use Merchant Cash Advance?
You can use this cash in any way you please; make a list of your needs and strategically move around the funds, for example:
- You can use this aid to upgrade your IT department, make it more efficient.
- Grow your business in the market,
- Make your mark on social media platforms by utilizing the resources on Marketing & Advertising.
- Expand your business.
- Renovate your whole place and make your dreams come true.
- Hire new staff.
Get Merchant Cash Advance funding in four easy steps:
Step 1: Check your eligibility and apply.
Step 2: Get your funds, your cash will be in your hands in 72 hours.
Step 3: Time to Repay: this will be a deduction from your daily credit sales.
Step 4: It is time to renew your package if you are satisfied with our dealings.
Easy to Ignore ‘Cons’
Nothing in this world is free, Merchant Cash Advance makes your life so easy and helps you in the growth of your business, although there are one to two drawbacks such as:
– Its fee is slightly higher than traditional loans.
– Daily deduction
These two cons can easily be overlooked because when you have a low credit score and have been in business for 6 months only this is the best deal you are going to get.
So, what are you waiting for and apply for Merchant cash Advance right away! For more updates follow Facebook (@Onlinecheck) and Twitter (@Onlinecheck).