business cash advance loan merchant

Merchant cash advances.  These business loan alternatives are becoming very fashionable these days. Why?  There are a lot of reasons.  Let’s take a look at some of the reasons why they are fast becoming the business loan of choice among smart entrepreneurs.

Business loans are hard to come by. Banks are simply not lending as easily as they did just a few short years ago. Here is an interesting fact. A recent study found that banks approved only 16.9% of all business loan applicants. That is, to me at least, a staggering figure.

More than 80% of business owners get denied for a loan.  Where are they to go to get working capital for their businesses?  Many are turning to merchant cash advances. We, at The Business Cash Advance Company, approve over 90% of all people who apply for a merchant cash advance (click here to visit our website)

How can we approve 90% when the banks approve less than 20%?  Well, we look at different criteria.  Banks scrutinize your credit.  If you have bad to average credit, good luck trying to secure a bank loan. You will not make it past the first round of decision makers. Our merchant cash advances are not approved based on your business or personal credit scores. Do not let past credit issues stop you from getting business funding. We can help. You can learn more at our website.

Banks will also want to know what you will use for collateral.  Collateral protects their interests.  It also puts your business assets at risk.  Not with a business cash advance.  Our loans are unsecured.  This means you do not have to put up any collateral with us. For this reason alone, many business owners use our merchant cash advances. They know it is  safer deal than dealing with a bank.

To recap, the banks want great credit and they want collateral. Our business loan alternatives do not require either.  Can you see why merchant cash advances are getting so popular? But there is even more good news. A merchant cash advance is fast. Really fast.

Let’s go back to the bank.  Applying for a loan from them is akin to getting your teeth extracted.  It is a long and painful process. There are a ton of papers to maneuver through. Filling them out takes a ton of time and effort on your part. Then there is the waiting...and waiting for an approval.  The process can take months.

A merchant cash advance is different in many respects.  The application process is contained on a single page form.  It only takes you minutes to complete and we give you an answer within one business day. Better yet, once approved you get cash in your bank in days. We lend up to $500,000. How much can your business grow with that type of fast cash access? Whta would you do with that money?

Our clients are very creative.  They find ways to use their cash to grow their businesses. We love hearing their success stories. We have a client who always gets a cash advance before the holidays to buy more inventory to sell during his “rush”.  He is in the collectible business and his holiday sales are in the six figures. Buying inventory is just one way to use your business advance.  You can open a new location, get equipment upgrades, hire more personnel. You are only limited by your imagination.

Here’s a fact many business owners do not know.  A merchant cash advance can be used for your family needs as well. We had a client recently whose in laws were moving into his home.  His current home was not adequate for the new generation moving in, so he had to buy a bigger home.  He did not want to wait for his current home to sell, so he got a business cash advance.  He used the money as a down payment on a new home. Simple, safe and affordable.

Paying back a merchant cash advance is easy. Instead of making you write a check once a month, like a bank, we take a small percentage of your sales as they come in. You agree to the percentage before we fund the loan so there are no surprises.  You do not have to change your credit card processor.  We do not even require that you accept credit card payments.  We can work with any business model. As you get paid, so do we.  Eventually, you repay the loan.  this systems works great for businesses.  It is a payback model based on cash flow. This is another reason why so many business owners come to us to fund their businesses.
If you want to learn more, give us a call or follow this link to our website. We have the experience needed to help you select the right business loan product.  We offer our advice at no cost or obligation.  We are here to help. Let’s see if a business cash advance is right for your business.