If you rely primarily on credit card sales, your merchant credit card account may be the perfect source of working capital. Programs are happy to advance large sums to qualifying businesses and help them achieve their goals.
Traditional loans can take a while to process, which may mean missing business opportunities. By comparison, a merchant cash advance is incredibly quick — you can have cash in hand in less than a week and also willing to work with a variety of credit cards:
Qualifying for a business loan can be a tall order if your work is seasonal or you’re a startup. However, programs are more interested in your sales than your credit history, so you may qualify for a merchant cash advance even if you’ve been denied loans. Additionally, borrowers get the following benefits:
Instead of making fixed, monthly payments, you pay back a portion of the advance with every sale. You can use your new funds at your discretion:
Do you have plans to open another location? If so, scroll down and contact us today ask about a merchant cash advance.