Cash Advances are a great source of working capital for your business. Let’s say you want to open another location and you need capital. What do you do? You could go to a bank. Yes, they have good interest rates and the payment terms are long, but it is very hard as a small business to get approved. Even if you did get approved, it could take 60 to 90 days for the money from the bank to process and you may need that money now.
Here’s how a Merchant Cash Advance Works:
A merchant cash advance is a quick, easy way to get a business cash advance with no need for collateral, even if you have bad credit. The merchant cash advance process is very straightforward and can be the perfect financing alternative to a small business loan for many reasons. With an MCA, you’re getting a cash advance on your business’s future receivables. Therefore, there is no personal guarantee or collateral necessary. Within 24 hours of your application submission, one of our funding specialists will contact you with funding solutions. Our approval process is simple, quick and hassle-free. We can have a cash infusion in your bank account within 3-5 business days.