What exactly is a Merchant Cash Advance?
Every business owner runs into trouble at some point while traversing the treacherous road of running a business. Dealing with peaks and valleys can be stressful so who can a business owner turn to when times are tough? The banks? Not likely, because banks only fund 3-5% of applications from businesses. Many business owners have found a Merchant Cash Advance can help when times are tough. There is no faster or simpler way to get business funding.
The traditional Merchant Cash Advance is the purchase and sale of future credit card sales. Alternatively, now businesses can get approved for a Merchant Cash Advance without credit card sales! Purchasing a future portion of your business revenue, Fast Business Loans will give your business an upfront, lump sum of cash. Email us if you have any questions about Merchant Cash Advances.
Why a Merchant Cash Advance through Fast Business Loans?
Great question! We take your situation seriously and not surprisingly most cash advance clients come to us in serious need. These business owners are eager to get approved and probably don’t have time to wait. Our merchant advance clients don’t have time for the bank to underwrite the file because it can take 3 months. Our clients know the bank is not a viable solution for them because they don’t have the time. This is exactly what the MCA loan is designed to do. MCA business loans are designed for business owners seeking a working capital loan for payroll or materials for a job. They need the money now and for that reason they don’t need a lot of hassle.
Fast Business Loans offers the following features:
- Easy Application
- Minimal Paperwork
- Quick Approval (Typically 2-24 hours)
- Cash Within 24 Hours
- No Collateral Required
- Multiple Offers To Choose From
How can we help with your Merchant Cash Advance?
Fast Business Loans can help any business in America that has been in business for at least one year and deposits a minimum of $10,000 into their business bank account monthly. We review your bank statements to underwrite negative days and NSFs. To qualify for a Merchant Cash Advance or MCA loan you will need to maintain a certain daily balance (case by case) and have a minimum credit score of 450. The risk level is assessed prior to discussing details about your business cash advance. MCA loans can be short term loans or long term loans and the payback can be daily, weekly, or even monthly. Give us a shot to review your banks and most likely we can give you a business cash advance offer.
Finally, One of the best features of a Merchant Cash Advance is the speed at which you can get your business funding. It takes 24 hours or less to get you approved and more importantly we can get your business the funding in 24 hours. Here at Fast Business Loans we can actually get your approval and funding within 24 hours. All we need is a one page application and your last 4 months bank statements in order to get you a MCA Loan approval.