Monthly Archives: August 2017

Merchant Cash Advance Benefits for Your Business

A Merchant Cash Advance (MCA) has become one of the most popular forms of financing for small business owners. Many choose a merchant cash advance over traditional business funding these days. You may think a merchant cash advance is a short-term loan or a high-interest advance, but, in fact, it’s simply a sale. The merchant cash advance provider you’ve chosen to turn to is purchasing your future sales at a discount. Both parties agree to the amount of sales being purchased and for what discounted cost.

Merchant Cash Advances

Merchant Cash Advances, as alternative funding opportunities, have become popular as a result of a tough economy, and strict stipulations and loan parameters set by traditional lenders. If you’re interested in merchant cash advances, consider applying to First American Merchant. FAM is an award-winning business loan provider and payment processor that specializes in the high risk industry. First American Merchant boasts an A+ rating with the BBB and offers exceptional business funding opportunities to merchants of all types. Let’s compare small business funding and merchant cash advances offered by FAM:

Small Business Funding

  • Strict credit requirements

  • Long wait times for funding

  • Complicated contracts

  • Extensive documentation

  • Lower approval rates

Merchant Cash Advance

  • Credit scores below 500 approved

  • Receive your funds within 72 hours

  • Simple, flexible programs

  • No tax returns or financials required

  • Fast application process

Merchant Cash Advance Benefits

Are you trying to find out if a merchant cash advance is right for you? Below you can read the benefits of using an MCA for your business and see whether you should apply for it or not.

  1. An MCA Can Help You During Times of Growth

Alternative funding in the form of a merchant cash advance can help you turn your great ideas into a reality. Working capital that is available in time can help you reach noticeable growth.

  1. Thanks to an MCA, You Won’t Miss the Available Opportunities

A merchant cash advance can help you prepare for a busy season. So, you’ll be able to pay for the extra salaries of staff, thus increasing customer satisfaction. Also, you can use an MCA to obtain inventory or purchase equipment.

  1. An MCA is Easier to Get

Unlike traditional funding, which can require a long and more difficult process to get approved for, a merchant cash advance is easier to get. An MCA doesn’t require to put up any collateral. You won’t have any problem even if you don’t have excellent credit. Also, a merchant cash advance is easy to repay since the repayment is based on the flow of your business: a percentage of your daily/weekly/monthly credit card sales will be required to pay off the loan amount.

As you see a merchant cash advance has a number of benefits that you can take advantage of so to grow your business and take it to new heights. Turn to a reputable merchant cash advance provider and start growing.