A Merchant Cash Advance is a type of funding that is not a loan. It is a purchase of a fixed dollar amount of a business's future credit and debit card receivables. The Merchant Cash Advance provider purchases a specified dollar amount of your business' future debit and credit card sales at a discount.
Fresno, CA -- (SBWIRE) -- 01/11/2016 -- What is a Merchant Cash Advance? A Merchant Cash Advance is a type of funding that is not a loan. It is a purchase of a fixed dollar amount of a business's future credit and debit card receivables. The Merchant Cash Advance provider purchases a specified dollar amount of your business' future debit and credit card sales at a discount. Your business, instead of paying one large fixed monthly payment until a set maturity date like a loan, remits a fixed percentage of its daily debit and credit card revenue automatically until the specified amount of purchased receivables is remitted in full to the MCA provider.
Advantages of a Merchant Cash Advance
We don't need a stellar credit history to qualify.
Cash-flow friendly! Your business remits less on slow days and more on busy days to keep cash-flows smooth.
We don't have to worry about fixed monthly payments during tough times, and there is no set maturity date. This enables your business to be more flexible financially while fully funding all of its operations.
The remittances are automatic and don't require you to write any checks.
Getting a Merchant Cash Advance is faster and easier than obtaining a traditional loan, making your much needed capital more accessible when you need it quickly.
Why choose a Merchant Cash Advance over other sources of capital?
Are you low on cash and need working capital to fund operations quickly? Don't want the fixed monthly payment of a traditional business loan? A Merchant Cash Advance from Biz4loans is the perfect solution for your business funding needs. A Merchant Cash Advance is an excellent way to access working capital in a "cash-flow friendly" way by making daily remittances.
With government bringing strict regulations on banks for lending money, it has been difficult for the entrepreneurs to manage, capital for their businesses. There are always alternatives for things and there comes a smooth alternative path for the business people and that is merchant cash advance.
Now a big question arises on whether merchant cash advance is right for your business or not. Like everything else, businesses are also required to put on those energy, effort as well as education. So let's see the things that are related with this new lending option and watch out how it shapes the whole funding process.
How it is different from others
A team at Deals lands has done lot of research on the same and found that the process of merchant cash advance is unique from others. In case of the most lending processes, it comprises of strict regulations and a lengthy process. Things are different with merchant cash advance.
When it comes to MCA providers, they state that there has been an increased number of approval rates due to the absence of proof for perfect credit or any form of personal collateral. Moreover, you will get the funds in less than a week's time. Apart from that, unlike other form of loans, here repayment starts to works along with the business flow.
Apart from the perks that merchant cash advance provides, it is expensive compared to the other form of loans. Suppose if you have taken a merchant cash advance for $10,000 then you may end up paying $12,500 back. In most of the cases, the lenders do not feel that as heavy as the normal scheduled EMIs, as, here you will be paying it back daily, in a very little amounts. Here you can decide the credit card share and that too will be paid off easily, if you go on for night batches.
When it comes to merchant cash advance, they are not at all suited for the businesses which are sinking. They are helpful to increase the income of your business. The businesses which are having continuous sales will find this quick money good as they can support the window from starting to end. Most of the cases, merchant cash advance is fulfilled in a time period of a year.
For any growing business, merchant cash advance is the best option. In most of the cases, banks tend to keep a distance from the businesses that are not making profit for years. Things are different with merchant cash advance, as here they understand the business and knows that growing businesses needs investment for better growth.
So you can use the money as an investment for the business. You can use the money to renovate the business, for a marketing campaign, to hire new employees, for buying inventory, etc. The best part about these funds is that you can spend them the way you want and the decision for the same is completely on you. It is a fact that, if you properly use the investment to make your soil fertile, you are bound to reap super growth.
Homework a little bit
There has been an increased popularity of merchant cash advance lately, which has increased the number of lenders. So you need to do a little homework to know which lender is perfect for your business. It is better to look for known lenders who has experience of many years and has even worked with people from the same industry.
It is necessary to go for the lenders who work in your interest. Beware of the lenders who pressurize you to take more than what you need. Make sure you know all the terms and conditions of the process before taking the money. When it comes to lenders, the right one will always guide you on the right path and will help you on the every step of the process.
Discover how a Merchant Cash Advance from Biz4loans can help grow your small business by submitting an online application. Get more Merchant Cash Advance information, today!
Get up-front working capital for your business
Our Merchant Cash Advance can help your business reach its full potential. These MCAs require no personal collateral and can get your small business the working capital it demands, fast. Get started on your online Merchant Cash Advance application to see why thousands of small businesses before you have trusted Biz4loans for their business growth needs.
Small businesses competing in a volatile market need immediate access to working capital. Restaurants rely on merchant cash advance financing to anticipate market shifts and act on opportunities as they arise.
About Biz4Loans Merchant Cash Advance
Biz4Loans is a California-based company with an exciting new way of quickly closing commercial loans for businesses small and large. With a customer-centric focus and a high standard for quality service, we embrace new technology to pass cost savings on to our business clients. Entrepreneurship Advocates "Entrepreneurship is living a few years of our life like most people won't, so that we can spend the rest of our life like most people can't. " –Anonymous We believe entrepreneurship to be one of the most rewarding journeys that a person can pursue and that no two entrepreneurs are the same. Some seek a better life for themselves and their families while others take on the risk in pursuit of independence. Whether it is a small town where everyone knows each other or a big city that never sleeps, every community relies on entrepreneurs to create and provide jobs and to usher in new possibilities. At Biz4Loans, we understand the challenges that entrepreneurs face in financing their venture. We also understand that a startup entrepreneur frequently has to wear many different hats while her company is getting off the ground. This is why we provide a quick, convenient, and detail-oriented process that achieves results without unnecessary delays or obstacles.
Growing the Business Community commercial loan brokers. Whether it is financing to cover initial start up costs, purchasing of new equipment for an existing business or an expansion of facilities, Biz4Loans can help. We know that sometimes unexpected costs as well as unexpected opportunities require quick and decisive action. Our ability to quickly close a wide variety of loans has allowed us to build strong relationships based on our reputation for serving our clients effectively. Because of our speed and adaptability, Biz4Loans has brokered over $500 million in funding to businesses ranging from farms, hotels, and non-profits to office buildings, surgical centers and apartment complexes. Visit today at http://www.biz4loans.com/