Are you a merchant who needs fast business financing? Well, you must be well aware that you won’t be able to find many options, mustn’t you? So, how can you avoid traditional lenders, which aren’t quick with payouts? Just follow the lines below and you’ll learn how to get a business cash advance as a perfect solution to your case.
When Merchant Cash Advance Is the Best Answer
Why wait for a lifetime to get finally approved by a traditional lender? After all, you can use a business or merchant cash advance. Importantly, many call a merchant cash advance or MCA a loan, but that’s not true. An MCA isn’t a loan: it’s just a purchase of part of your future credit card sales at a discount.
Merchant cash advances are best for merchants who’ve found a growth opportunity but the lack of the necessary capital is holding them back. So, an MCA is the go-for option for merchants who:
- Have lots of daily credit card transactions and aren’t considered eligible for a traditional loan, usually because of a problematic credit score
- Need very quick financing
- Have poor credit
- Need easy approval
- Have predictable sales
And more.
The more consistent your cash flow, the better! You don’t have to show good credit or that you’ve been in business for a longer time.
Get a Business Cash Advance
Thanks to a merchant cash advance, you get an opportunity to obtain the funds you need more easily. Only, you should shop around to find a reliable and experienced MCA provider since today’s market offers many providers, and not all of them are trustworthy.
With a reputable alternative online lender and award-winning processor like FristAmercianMerchant.com, you can get a business cash advance that really stands out from the bunch. First American Merchant, a BBB-accredit business funding provider and an exceptional high risk specialist, goes above and beyond to help merchants get the best deal for their business.
The merchant cash advance from FAM features:
- Approval for merchants with a credit score below 500
- Availability of funds within 72 hours from application
- Simple and hassle-free application and approval
- No tax returns or financials
- No credit check
- No problems with bad credit
- No collateral
- No need to submit a mountain of paperwork
And other benefits.
All you need is to provide your bank statements or receivables regarding your past 4-6 months of operation. Strikingly, you can apply for your MCA in a matter of minutes. All you need is to fill out the simple online application form and that’s it.
Before applying for an MCA, it’s important to figure out how much financing you need. The experienced personal funding managers at First American Merchant will help you choose a funding solution that’ll best fit your financial needs and budget.
To sum up, a merchant cash advance is perfect for small business owners looking for fast capital without the hassle of a traditional bank loan. MCAs are asset-based funding options and aren’t loans, as people usually think.