Merchant Cash Advance for Short-Term Working Capital

Simply put, merchant cash advance is the upfront cash which you get from the lender under the condition that you repay through a percentage of daily sales along with an interest fee. For small businesses, often people think it can be kick started if you have personal wealth. It's true that there is hardly any option where one-size-fits-all but to find a reliable alternative funding source is often tricky.

Logistically, borrowing funds from family or friends is easy. Merchant cash advance financing is also a borrowing method where you get a lump sum amount in exchange for some of the future credit card sales.

With the deal you exchange as a source of financing, here is a list of its benefits:

• Fast payments: Generally, business owners can get the money as quickly as within 48 hours. This is the sole reason why business owners, when in a financial jam find the cash advance as a feasible option to help them fight out the situation.
• Easy to qualify: for small businesses, it is easy to opt for merchant cash advance financing as it does not require the past records of your credit sales. All they need to know is the business will make enough to pay off the borrowed amount. Sometimes, the companies may need to review the credit history and ask for a plan about the repayment. Still, it is an easier process than getting a bank loan.

That bring said, it is also true that MCAs doesn’t need any collateral or mortgage; which is a big save for the small business owners.

• Lesser restrictions: Whether you need the money for inventory, renovations or repairs, the money from a cash advance can be used for any purpose of your business. There is no hard and fast rule where to invest the money.

Also, there is no exact time when you need to pay back the money. It is based on a fixed percentage of the business.

Whether it's you or anyone you know is looking for a small business loan, ask them to get in touch with the Merchant Cash Advance team. You can dial (855) 227-6168 or visit http://merchantcashadvance.business/ to know about the funds and the other requirements.