Small businesses struggle to get loans to grow or manage the day to day ups and downs of the current economic climate. Businesses that do not have access to working capital are at a disadvantage compared to their competition. A Merchant Cash Advance is a practical way for businesses to get access to working capital quickly. This is a healthier alternative to trying to obtain a traditional loan under current market conditions. Generally, advances range from $5,000.00 to $250,000.00 or more.
A Merchant Cash Advance can be a great idea for many businesses. There have been Billions of dollars extended to businesses across the US with this type of program. A Merchant Cash Advance is not the right solution for every business situation. This article was designed to help answer questions and understand how the program works. It is our hope that this information will help you decide what is right for you.
What is a Merchant Cash Advance?
A Merchant Cash Advance is an alternative to a business loan. It is an advance allowing small business owners to access working capital now by selling a portion of their business’ future credit card sales. It is really quite simple!
A Merchant Cash Advance is Not a Loan.
A Merchant Cash Advance is a program where businesses who process credit card transactions from their customers, pay back their cash advance by having a small portion of each credit card processed, applied to repay the advance. Generally, credit scores are not as important to get approved. Our Funder will evaluate how much credit card activity the business currently does through credit card processing statements and look at the overall common sense of the transaction. The approval rate can be very high in many industries. All Merchant Cash Advance programs are not the same. Plug-Into-Cash Is proud of our ability to design a program to meet each merchants needs.
There is no cost to apply! It is simple and fast. Call us or apply online to quickly find out how much you can be approved for.
Art Fried is a Certified Cash Flow Consultant and President of Get Funded Today, Inc. His specialty is to assist businesses with increasing their daily supply of available cash without accumulating debt. He can be reached by phone at 1.800.480.4007; or e-mail, PlugIntoCash123@gmail.com. Visit www.PlugIntoCash.com.