Merchant Cash Advance: Quick Way to Earn Profits

Merchant cash advance is a cash advance from a private investor(s) who purchases your company’s future, unprocessed credit card transactions at a discounted rate. It is paid back by automatically taking a small percentage of your daily credit card sales until the balance is paid off. This is particularly beneficial because when your sales are slow, you pay back less, creating a uniquely flexible payback schedule. It is a great way for small business owners to get the funds, when they require, with a fast and simple process.

For applying to a Merchant Cash Advance, the requirement is being operational in a business for at least 12 months under the same ownership and it must have accepted credit cards for at least 12 months.

How do they work?

Unlike traditional loans where you submit years’ worth of financial records and require collateral; the application process for merchant loans usually only require a two page form, 4 months of your business’s merchant statements and that you accept Visa/MasterCard at your business location. Often times the business owner will be approved even with a less than great credit history record, making a merchant cash advance a top funding choice.

You are typically approved within 24 hours, and you get your cash in about 7 days or so. How’s that?
Or to put in a simple manner, a lender will purchase a small percentage of your future credit card sales, until the payback is completed and will give you the money, your business needs.

There are times when owners of healthy small businesses could use cash flow or working capital to help build their businesses but don’t qualify for the traditional bank loans. These include franchise owners who have exhausted their personal savings to purchase their franchise and would like to open another one; merchants who can buy bulk inventory at discount rates or move into a new, more efficient location; expansions; new equipment; or simply the desire to move forward on a great new opportunity.