Is a Merchant Cash Advance Right for Your Business?
There's an abundance of financial products available to small business owners, and it can be challenging to narrow down the options. After all, each company has its own history and unique set of needs.
To help you understand if our specialty, the Merchant Cash Advance (MCA), is the right product for your business, we've put together this brief guide.
An MCA might be right for your business if…..
1. Funds have been tight lately and you need relief fast.
Cash flow has been tight for small businesses in many industries. Thankfully, we have a wide range of funding options available. We will work with you to determine your specific funding needs, identify how much you qualify for, and ensure you’re in a comfortable and prosperous position. MCA turnaround is fast, reliable, and efficient. We are able to fund businesses in as little as 24 hours, and all funds are sent via bank wire, so you can access your capital immediately.
2. You may not have qualified for a traditional bank loan.
MCAs are easier to qualify for than traditional bank loans. We conduct our background checks and evaluate your business without ever having to run your credit. Your credit score will not impact your eligibility.
3. You don’t want to pay a bunch of hidden fees.
Unlike many financial institutions, we do not believe in charging excessive fees, and we will never manipulate your offer to increase our profit. With each offer, we provide an information sheet that outlines exactly what you’re paying for and what fees are being charged – no surprises.
4. You need some flexibility in your payment schedule.
With MCA, your payback percentage is fixed, not your payback dollar amount – meaning we adjust the dollar amount of your repayment according to the sales you're making, whether that's $100 a week or $100,000 a week. We offer direct payments (ACH) and credit card split, and we accept payments daily or weekly.
Not sure if an MCA is right for your business? Let's chat! We understand that each business has its own unique needs, and our products are not necessarily the right choice for every business owner. Our main goal is simply to support small businesses. We're always here to offer guidance and help you understand which product will work best for you at this time.
If you wish to speak to someone now, please call us at 888-382-3945 or fill out the form on our home page to send us an inquiry. One of our teammates will get back to you as soon as they are available.