Cash Advance to Merchants
Merchant Cash Advance
Merchant Cash Advance is an advance based upon business volume!
What is a Merchant Cash Advance?
Did you know that there are financial institutions that will give your business a Merchant Cash Advance based upon the volume of your business transactions? Yes that's right! AND its not that hard to get all the details.
We Can Help With a Merchant Cash Advance
InfoMerchant can help you achieve a Merchant Cash Advance to you the business owner. We know that sometimes as a business owner the financial pinch can sneak up on you at anytime. We determine the amount of sales the business owner receives through the business owner’s credit card merchant account.
How much can I qualify for a Merchant Cash Advance?
It is based upon the amount of sales receipts during a 90-120 day period. The evaluation is taking in and we can determine financially the best solution and cash advance based upon total volume for you the merchant and business owner.
How long does the approval take?
Pre-approval usually happens within 24 hrs and the underwriting in 1-3 weeks.Merchant Cash Advance Information:
The cash is usually provided upfront to the merchant. The Merchant then has to pay the principal back from the sales from credit cards. It is very difficult these days to receive a conventional type business loan, which makes the Merchant Cash Advance the wave of the future. The cash is available instantaneously and is very appealing to retail stores and restaurants as well. It can take anywhere from 24-72 hrs and cash usually less then 2 weeks.
The money is paid back when the sales from your credit cards roll in. It flows with your business structure and if the season is slow or the month then its paid back accordingly unlike set monthly payments with traditional loans. If you hit a hot month and because the loan is amortized the payback will be much quicker. The downfall to the program is the costs involved are higher and can be discussed with our knowledgeable sales staff.
The benefit is that there is a much higher approval rate for Merchant Cash Advances compared to the Small Business loan or Cash Advance. What is very important for the processor to approve these cash advances is having a transaction history and with that it eliminates the high risk. This model is particularly good for those who are seasonal and could use those funds in the down time. We are your one stop shop for Merchant Cash Advances, processing and equipment. Let one of our friendly sales staff help you in choosing the best direction for your business.
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