WHY CHOOSE A MERCHANT CASH ADVANCE?
Merchant cash advance financing is our core product. It differs from traditional bank loans in that it seamlessly integrates into your business’ day-to-day credit card receivables. It’s an easy way for your business to obtain the funding it needs without the headaches of the traditional bank loan application process.
THE BENEFITS OF A MERCHANT CASH ADVANCE
Unlike a traditional bank loan, which requires repayment on the basis of fixed timeframes, a merchant cash advance will be paid back through the deduction of a small percentage of your future sales. Seasonal businesses benefit from the flexible repayment terms!
When the inevitable slow month occurs, you won’t be handcuffed to a hefty interest rate that may have seemed more manageable when business was booming. This way, your growth can continue unimpeded. Once the amount borrowed has been fully deducted from sales, the transaction will have ended and you will continue to receive one hundred percent of all sales.
TRADITIONAL BANK LOANS VS. MERCHANT CASH ADVANCE PRODUCT:
- Lengthy and time-consuming application process. Required to submit historic tax records and/or provide collateral for approval.
- Small business loan repayment plans are typically fixed term and payments may increase as interest rates rise.
Merchant Cash Advances
- Streamlined application process. Tax returns or collateral not required.
- Focusing on cash flows, repayment terms are determined by your business’ future sales.
WHY CHOOSE FUNDING MERCHANT SOURCE’S MERCHANT CASH ADVANCE PROGRAM?
It all starts with a phone call, whereby we discuss your financial needs and explain the process of applying for working capital through Funding Merchant Source. Once we’ve received your application and seen some preliminary information on your history of revenue (far less extensive than what is required for the typical bank loan), we’ll work with you to develop repayment terms that suit your growth plan.