Merchant Cash Advance Loans for Business Owners
Merchant Cash Advance Loans and Lenders were born out of the need for a quick solution for many small businesses who needed an alternative access to quick capital. These products are generally the reason when business owners fail to plan their capital needs. We rarely recommend a Merchant Cash Advance product due to their high costs but there are situations where they are qualifed for. Many enagements where a client is required for merchant cash advance financing, turn into scenarios where we work with them on restructuring their balance sheet and getting more cost effective solutions in place.
If a traditional small business loan isn’t a viable option for your company, you may be able to benefit from a merchant cash advance of up to $200,000 (for each of business’s locations). A merchant cash advance is a great option for businesses that do not have the credit history necessary to qualify for small business loans. The funds are usually available within seven business days and do not require regular fixed payments like a traditional loan. Instead, a percentage of future credit card sales is collected to repay the cash advance.
Once the cash advance funds are in your hands, you are free to use them in any business-related way that you choose, including business expansion, marketing, inventory, and more.
Cash Advance Benefits Include:
- No closing costs
- No application fee
- No equity loss
- No fixed payments
- Easy payback
Sometimes small businesses need a quick financial boost in order to progress towards their goals. If your business doesn’t have a strong credit score or sufficient collateral to secure a small business loan, a cash advance can give your business the the resources it needs to operate and scale successfully.
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Get your business on track today with a quick and helpful cash advance from Midstreet Capital. Call us now.