Finance for retail businesses needing fast funds
Different to traditional loan products, the Merchant Cash Advance allows your business to secure funds now, based on your future cash flow. Because this option is based on your future income, it is faster and easier, requiring almost no financials, credit checks, or collateral!
Borrow anything from $5K - $250k to alleviate financial difficulties quickly, and repay easily with a percentage of each future sale over a 12-month period. This unique loan works with your business, and has been designed to be an easy, hassle-free finance option you can rely on when it counts.
Pros and Cons of a merchant cash advance
With an MCA, you don’t receive any fixed monthly repayments or interest, and aren’t required to put up any of your assets as security. Being unsecured, this option is often more costly than traditional financing, with high fixed fees and requiring a minimum in credit card billings and daily credit card transactions.
It also has a maximum term of 12 months. However, if you don’t qualify for a traditional loan, this is a great way to access the funds you need – fast.