What are the different aspects of business cash advance?
The financial investment and funding is the bedrock for the success of any type of business. Regardless of the scale and type of business that you operate you often financial investment for running the different aspects of business efficiently. In such scenarios the business owners often think traditional bank loans and other similar financial support. However, the bank loans take significant amount of time to get approved and involve considerable installment of repayment options. The business cash advance, in contrast, provides just the right type of loan option for small and medium scale businesses.
The merchant cash advance usually provides funds against the percentage of future sales. This mode of financing is usually made available to those businesses which have constant volume of the credit card sales, such as restaurants, medical offices and retail stores amongst others. There are various reasons why mid to small scale businesses are increasingly opting for merchant cash advance over the conventional banking loans.
Why should you opt for merchant cash advance?
Procuring the business loan in the modern economy is increasingly becoming difficult. The typical structure of the business loan has various hurdles for the small business owners including lengthy approval process, excessive paper work, personal or collateral guarantees for the security, low approval rates, restrictions regarding usage of funds, and fixed monthly payments. In comparison to the conventional loan, the Merchant services cash advance provides streamlined process in the form of easy one-page application as well as immediate unsecured funding that is anywhere between $5000-$300000.
The customers also get the added advantage of high approval rates, flexible repayment process which is tied to the sales volume of your business, and minimal credit requirements. These features mean as a small scale business owner you get immediate access to the funds which you can utilize for any of your operational business requirements.
The good thing about the merchant cash advance from Merchant services cash advance is the fact that the company offer various custom programs that are tailored for the specific requirements of the customers. These packages convert the future MasterCard and VISA receivables into instant cash that can be used for any of the business purposes. The repayments are structured on small percentage which is fixed on the future MasterCard and VISA receivables. The payments are auto debited to remaining balance until the repayment is fully completed.