Wednesday, October 11, 2017

Merchant Cash Advance Advantages

A Merchant Cash Advance is the ideal alternative to traditional loans for smallbusinesses. The credit program allows small businesses to get instant cash access that they can use to fund their operations. The importance of merchant cash advance is indeed great.

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Pros of Merchant Cash Advance

1. Instant Approval within 24 hours – The best thing about merchant cash advance is that you can get instant access to cash in as little as 24 hours.
2. No Application Fees – Another benefit of merchant cash advance is that most lenders do not charge any fees on submitting loan application.
3. Minimum Paperwork Required – Merchant cash advance require minimum paperwork and documents. You can obtain the funds easily without the need to submit various documents as is the case with traditional loans. 
4. Flexible Repayment Option – One of the great benefits of merchant cash advance is that you can repay the amount at convenience. Unlike traditional loans, there is no strict repayment schedule of merchant cash advance.
The Bottom-line, a merchant cash advance greatly helps in easing financial burden of small business concerns. Small businesses can gain instant access to cash flow whenever required. The best thing about merchant cash advance is that it requires no collateral, application fee, or high credit score. What’s best is that you have flexibility of paying the amount at convenience when the revenue increases. In short, merchant cash advance can serve as a financial lifeline for small businesses.

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A Merchant Cash Advance pays a Business owner up front for a portion of future credit card based sales. A portion is paid back daily weekly monthly until the business cash advance is paid off.
Many types of businesses participate in this type of financing, Including
  • ·        Auto Repair Shops
  • ·        Beauty Salons
  • ·        Convenience Stores
  • ·        Liquor Stores

And just about any type of business that accepts credit cards.

If you have a Business that accepts credit cards and you are in need of a cash infusion contact NorthWest Finance. We execute Merchant Cash Advances for Businesses all across the United States.


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