What is sometimes important for continued success of a business is the importance of growth or just succeeding. This sometimes needs the extra boost of outside funding and if you have bad credit, a small business cash advance is not impossible.
A merchant cash advance might be the answer. It is not about set monthly payments or even high rates of interest, but flexible payments set at a percentage of your sales on debit and credit cards throughout the day. Therefore, no matter your turnover you will pay off your cash advance as your business continues to succeed.
Bad credit or not trading for long, can sometimes put paid to any form of credit from the traditional sources like banking institutes, who want you as a start-up business for their statistics but seem to forget to help once you are past this pivotal point.
However, that shouldn’t mean that you should forgo the expansion plan or to take on new staff. What is important is the success of your business, as long as you are making money so, too, is the merchant provider. It is about borrowing capital now on the potential of your success in the future.
While this can scare many of the banking institutes it is an important factor in supporting businesses that may be small or might have a bad credit history. This bad credit doesn’t necessarily have to have been the businesses bad credit either, it can also be bad credit generated by the owner of the business.
A merchant cash advance doesn’t come with any strings attached as to how you spend it, or monthly fixed payments to worry about. It is about lending money based on the current strength of the business, looking at the current daily sales and how that can equate to a cash advance for your business.
Therefore, if you are looking for a business cash injection, a merchant cash advance might be the right option for you, start today and click below!