A cash advance may be the answer, for Business cash without a loan!
The lending community has tightened up considerably in the last few years making it extremely difficult to access additional business capital unless your business has large cash reserves. Wouldn’t it be nice if you could leverage your sales to secure an advance of cash instead of relying on traditional lending guidelines and requirements?
A merchant advance provides working capital for your business secured by a portion of your future credit card receipts. The guidelines for a merchant credit card cash advance approval differ from a traditional loan as a merchant credit card cash advance is approved based on the history of receipts not on credit and collateral.
These facts make it much easier for a small to medium sized business to attain the capitol necessary to grow the business.
Traditional underwriting requirements for a merchant cash advance are typically as follows:
500 FICO score or better (in some cases this may not be a deal killer).
$5000/ month minimum processing
Average retail ticket less then $600 (businesses with higher tickets still may qualify).
15 batches / month
Bankruptcies discharged for at least 1 year (can possibly be worked around)
In business for at lease one year
Additional benefits include:
Advance is invisible: Advance does not show through the credit reporting agencies as a loan or line of credit
Large advance amounts: Up to $250,000
Repayment is automatic: A fixed percent of each future sale is directly debited
You don’t pay unless you get paid!
Traditional underwriting requirements for a merchant cash advance are typically as follows:
500 FICO score or better (in some cases this may not be a deal killer).
$5000/ month minimum processing
Average retail ticket less then $600 (businesses with higher tickets still may qualify).
15 batches / month
Bankruptcies discharged for at least 1 year (can possibly be worked around)
In business for at lease one year
Additional benefits include:
Advance is invisible: Advance does not show through the credit reporting agencies as a loan or line of credit
Large advance amounts: Up to $250,000
Repayment is automatic: A fixed percent of each future sale is directly debited
You don’t pay unless you get paid!
A Merchant Cash Advance can be applied for and funded in as little as 48 hours. There is the availability for this type of financing nationwide. Apply get funded and grow your businesses without lengthy business proposals and lots of digging by banks and underwriters.
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