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Apply for merchant cash advance! By Amanda Tom
in Finances | Published 2013-10-28 10:55:08 | 43 Reads | Unrated
What need is there to go to traditional financing institutions and go through all of the paperwork and waiting when you can simply apply for merchant cash advance?
need is there to go to traditional financing institutions and go through all of
the paperwork and waiting when you can simply apply for merchant cash advance?
Small business have always had a harder time getting finance, but thanks to
merchant cash advance companies, owners can now be at peace knowing that they
can get the funding they need to start off their business.
A merchant cash advance is the solution small business owners have at their disposal to get their business running. Traditional investments from banks are difficult to obtain, but with the merchant cash advance, things are different.
This is because this service is not a loan, but a purchase. Basically, this service will mean that you as a business owner are offering some of the percentage on your credit and debit cards to the financial institution in exchange for a loan which can be bigger or smaller. You can use this advance for you urgent needs: to buy equipment for the business, to invest in advertising or any other need that’s related to your business.
The number of business owners who apply for merchant cash advance is growing, and that’s due to the advantages of this service. You don’t have to pay fixed monthly sums; there are no deadline or fees, no penalties. Banks haven’t created feasible and easily accessible programs like these so far, so applying for merchant cash advance is an optimal short-term solution to bring you some money for your initial investments.
As a small merchant, the beginning is the difficult part, getting to purchase everything needed, renting a space, investing in your visibility etc. When you apply for merchant cash advance, the best thing is the fact that you can get the funding in as little as a week, depending on the company you choose and on your own data and facts.
Usually, when someone applies for merchant cash advance, they’re agreeing to a return percentage of up to 10% out of a day’s sales, which will be applied until the advance and the fees are paid. This process can take a few months, usually not more than a year, but all businesses are different, which means every case will be a little different. However, within a year the advance should be paid. Since there are no penalties, there are no worries that you haven’t complied with your deadline.
Naturally, the main benefit of using this service is the fact that you get the finance quickly, and many owners get stuck at this phase of the process, unless they find such an opportunity. The process is simple and it doesn’t involve the paperwork needed for banks, and you’ll soon enter into the possession of the money. Funding at the right time can really come like a breath of fresh air, especially for those small businesses which have a hard time accessing capital from a bank. This is a great choice for those who need an urgent inflow of cash to get the business running and have flexibility in payment. It could be right for you too.
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