Could You Use a Merchant Cash Advance?
Sometimes, the biggest hurdle a business needs to clear is the tight deadlines that make it possible to take advantage of timely opportunities. That can mean loading up on inventory before a holiday, redecorating and renovating, or any number of other things depending on your particular industry, but the truth is that traditional financing is not always built to help when you have a short-term need for working capital. That’s when a merchant cash advance is most useful.
How Merchant Advances Work?
When you take out an advance against your merchant account, you are borrowing against future credit card transactions. That means that your average monthly receipts are used to calculate the amount available, and your payment each month is a percentage of your receipts.
Benefits of Using Merchant Cash Advances
• Get up to $200,000 quickly
• Easy repayment
• No collateral
• No application fees
• No loss of equity in your business
• Minimal paperwork
The best part about merchant advances is their flexibility. Use the case to meet any immediate needs your business has, and that way you will be ready when your big opportunity rolls around. That way, you can get the most out of your business and keep your customers happy by taking advantage of every available opportunity.
