Merchant Advances: 10 Things You Didn’t (But Should) Know

• April 8th, 2022

Looking for a business loan but afraid of the tedious and invasive application process?  Many business owners just like you have opted to pursue a merchant cash advance instead.  This type of cash acquisition is quick, easy, and virtually painless.  This type of cash advance has been around for many years but with the recent restrictions being placed on business loans, has made a big comeback.  Read below to learn the top 10 facts about business cash advances.  This is not a sales pitch, just an outline of information that may be useful to business owners who need a little extra for expansion, inventory purchase, payroll or to get them through a hard time or an off-season.

  1. A merchant advance is NOT a small business loan.
  2. A merchant cash advance is a lump sum payment to a business in exchange for an agreed upon percentage of future credit card sales.
  3. The merchant cash advance company will deduct your repayment directly from consumer credit card payments – no monthly bills!
  4. Candidates for merchant advances are mostly (but not limited to) retail, restaurant and service businesses that have consistent credit card sales for 2+ months.
  5. This type of cash advance is perfect for businesses with unfavorable credit or little/no collateral.
  6. Advances are processed in 7 days or less for amounts between $5,000 – $200,000.
  7. Most advances are repaid within 1 year of the start date HOWEVER there is no set payback time period and no set monthly payment amount.
  8. There are no appraisals, closing costs, application charges or hidden fees.
  9. Merchant cash advances can be used for pretty much anything including: payroll, inventory, cash flow, advertising, equipment and renovations.
  10. There is a 90% applicant approval rate on merchant cash advances for applicants who are up to date on their lease and have not filed for bankruptcy in the last 12 month.

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  • Cash For Your Small Business

    Merchant Cash Advance is a smart alternative to the traditional financing for qualified business owners. This flexible, responsive funding product turns future card sales into cash today. Unlike traditional loan applications, ours is a really simple process.

  • Facts About Merchant Advances

    A Merchant Advance is not a loan. Think of it as us investing in your business. We simply purchase some of your future credit card sales.

  • Quick & Simple!

    There are no checks to write and no possible late fees. Your business operates as it always does. Through an automated process, when you "batch" your credit and debit card sales, the processor automatically repays the agreed-upon percentage of receipts.

  • Risk Free!

    Apply for Business Cash Advances today and take advantage of the additional small business funding. Grow your business and enter the world of new opportunities.