Five Reasons to Consider a Merchant Cash Advance

Here at Merchant Cash Advance Nation, we understand that for the owners of small businesses everything comes back to cash flow. Whether it's used to maintain existing obligations to vendors and suppliers and meet payroll, or to expand the business by increasing marketing, staff, hours, or product offerings, cash is the determining factor in what happens when, and how successfully.

 

In an increasingly competitive market, where business loans are harder and harder to obtain, and involve more and more hoops that must be jumped through, a merchant cash advance can be not just a solution, but a financial savior, for a business owner, but why exactly are they advantageous? Here are five important reasons merchant cash advances are worth considering:

 

1.      Simplicity: Merchant cash advances are easy to apply for. While a business loan will require credit scores, tax returns, and financial statements cash advance providers look at only two things: how long your company has been in business, and the typical monthly credit card sales volume. In most cases, the minimum criteria are nine months in business and a minimum of $5,000 a month in credit/debit card receipts.

 

2.      Security: Merchant cash advances do not require you to put up collateral, so your personal assets are never at risk. As well, since a cash advance is technically a sales transaction (you are selling a percentage of future revenue) rather than a loan, it will not appear on your personal or business credit report.

 

3.      Success Rate: Because merchant cash advance providers look at your company's real-world performance rather than a credit report (which is essentially a snapshot of your credit profile at a specific moment in time), it is much more likely that your application will be approved. While the amount of an advance will generally be lower for newer or slower performing businesses, at Merchant Cash Advance Nation we approve over 90% of the applications we receive, and that ratio is typical of the industry.

 

4.      Speed: Merchant Cash Advance Nation approves most applications within 72 hours, and funds are usually disbursed within seven business days. This swift access to working capital means that cash advances can be used when emergency situations arise.

 

5.      Safety: Cash advance payments are collected directly from your credit card processor, a little at a time, from every credit/debit card sale. This means that non-payment is never an option which is safer for the provider, but it also means that rather than struggling to make a fixed payment in a slow month, your payments will fluctuate in rhythm with your sales volume, which is safer for you.

 

We at Merchant Cash Advance Nation wish to make it clear that we are not bashing commercial loans. Bank loans and small business loans are important financial resources, especially when you are in search of  low-interest, long-term funding. When your business needs a safe, quick infusion of cash, however, a merchant cash advance is simple, speedy, and secure, and helps your business stay successful without risking safety.

 

                                             (read more : www.merchantcashadvancers.com)

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