A merchant cash advance is something that many business owners out there take in order to help grow their business. There are many different forms of business financing out there, but the fact is few are as flexible as a merchant cash advance. If you’re looking for a lump sum of cash to shore your business up or execute plans for growth, make sure you read on! Remember we have a team of business financing experts waiting for your call, so if you’d like to speak to someone about the merchant cash advances that we offer at any point, just pick up the phone and talk to us!
All you have to do is fill out our short application form – we’ll then run a few checks and decide whether or not we can work with your business. If we can, we’ll get in touch with you as soon as possible – we’ll then guide you through the application process. Once the application process is complete the funds will be disbursed to your business bank account – you can then use them as you please.
We’ll then start taking repayments based on your actual sales. Repayments will only ever be a percentage of your sales – they won’t be a fixed amount. This gives you flexibility when you need it the most ensuring that your business is never overburdened with repayments. Interest is not accrued on the advance either, so no matter how long it takes you to pay the sum back, you’ll only pay back the pre-agreed amount, and not a dollar more!
A lot of business owners aren’t quite sure why they should bother with a merchant cash advance. One of the main reasons why business owners use them is because they have no alternatives – banks have started to be a lot stricter with who they lend their money to, which is bad news for small business owners. If you have limited trading history, no collateral or even a poor credit history, your bank are likely to rebuff your applications for business financing –whether that’s through a loan, credit card or even an overdraft. Sometimes a merchant cash advance is the only viable solution for business owners looking to borrow money.
If you like what you’ve read and you’re convinced a business cash advance could help your business make sure you get in touch with us today! Remember where other lenders say no, we’ll do our best to say yes.