Are you short on cash? Trade Cash Advance provides hassle-free, low-cost financing to help overcome financial hurdles. Find out how they work and how they can help you invest in and grow your business.
A merchant cash advance is a business financing option that can be repaid using a percentage of the sale and a nominal fee.
It’s best for small businesses that accept card payments from their customers. You only repay the loan as more cash flows into your business.
A merchant cash advance, sometimes also known as a business cash advance, lets you borrow against your future credit card transaction revenue.
Imagine this: you need some extra cash today, but you don’t have business assets that you can pledge as collateral for a standard business loan. Instead, you can ask for a cash advance from a lender now and repay it through a fixed percentage of your daily, weekly or monthly credit card payment receipts.
As your business grows, you'll get your down payment back sooner. When things are slow, you get more time. A fast and flexible solution for many small businesses in sectors such as food and beverage, retail and leisure.
cash transaction loans are different from traditional business loans.
They are unsecured, so no assets such as inventory or property are required to receive funding. Through an MCA, lenders offer a lump sum that is returned through a sale.
Here's how the process works.
Often you can choose between daily, weekly or monthly repayment plans. The lender deducts a percentage of the sale (usually 10%).
The amount you pay depends on your income. For example, if your credit card sales are high during the week, you will pay off your loan sooner.
The flexibility of cash withdrawals is suitable for businesses with seasonal ups and downs.
For example, if your business has monthly sales of $25,000, your business can receive up to $31,250 in business funding through vendor cash.
Merchant Cash Advance application process is quick and easy and funds are deposited directly into your bank account within 24-48 hours. It also doesn't affect your credit score and is ideal for maintaining positive cash flow with flexible repayment plans.
There are many potential benefits including:
Cash advances for merchants are flexible and scalable. Adapt as your business grows and operates. Depending on your customer card income, you get as much money back as your business can afford. Pay more when things are going well, and pay less when things are slow. This is a great option for businesses with limited credit histories or no assets available as collateral for a loan, as you can receive cash advances from suppliers without collateral or review financial statements thoroughly.
Unlike many other forms of business financing, a seller's cash advance is often obtained quickly. In some cases, we may make a loan offer within 24 hours of submitting your application.
Payment is made at the source. You don't have to spend time manipulating your cash flow to meet upcoming payments. You focus on your business and let your credit take care of itself.
There are no hidden fees. The cost of the loan based on the factor interest rate is initially established. You know what you are paying from the moment you take out the loan.
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