Have you ever been denied a business loan? If so, you might want to consider a merchant cash advance as a funding option. It can be is a quick and easy method to obtain funding for your business without facing a drawn-out and invasive approval process.

Merchant Cash Advances Explained

A merchant cash advance, otherwise known as an MCO, can provide new businesses and established small businesses with an appealing funding alternative. In an MCO transaction, business owners receive funds quickly as a lump sum upfront from a financing agent. They then later repay the advance using a percentage of the business’s future credit card sales. 

Would Merchant Cash Advance Be Advantageous For Your Business?

MCO’s can be advantageous for many business models. They can provide the following benefits not associated with loans from traditional banks:

It’s Not a Loan. MCO’s are not a loan. You don’t have to pay back fixed monthly amounts. Instead, a percentage of your future sales is used to pay back the financing company.

Efficient Arrival of Working Capital. You’ll be pleased with the speedy arrival of your capital. It often occurs within a day or two of your application.

Stellar Credit History not Needed. Unlike loans from traditional banks, your credit history is not a major stumbling block. Instead, financing is given based on your potential upcoming sales.

Flexibility in Use of the Funds. Her’s another great feature: You can use the money any way you see fit for the health and operation of your business.

No Collateral Needed. Because MCA’s are not loans, no collateral is required. None of your property is at risk.

MCA’s have numerous benefits, especially if you don’t qualify for traditional financing options. Although not right for every business, yours may be one that would benefit.