All business owners need some sort of business funding.
Luckily for merchants, there is merchant funding - an alternative and unique method of securing business funds, which allows owners of retail and/or service-oriented businesses to utilize their future credit card sales and get cash for their businesses.
Small business owners who take advantage of merchant cash advances can sell their businesses' future credit card sales and receive up to $500,000 in merchant funding, which they can use for any business purposes.
Here's How it Works Funding specialists from a merchant funding company review the last four months of the small business owner's merchant statements.
Based on the merchant's average monthly credit card sales, the merchant cash advance provider will determine exactly how much the applicant can be advanced.
Typically, in about seven business days, the provider will wire those funds into the merchant's account.
At this point, the unique repayment procedure begins.
Whenever, customers make credit card purchases, a small percentage from those sales goes directly toward repaying the merchant cash advance.
Why Merchants Choose Merchant Funding Many merchants choose the merchant cash advance because it is convenient and because of the many benefits that come along with it.
Why is it Convenient? · There are no restrictions on how merchants can use their funds · Merchants are not required to make fixed monthly payments · Some providers can approve applications in 48 hours · Some providers can fund accounts in 7 business days What are the Benefits? · Merchants become eligible for renewal every 3 to 4 months · Often providers can fund renewals in 48 hours · Some merchants may qualify to receive the lowest industry rates If you think merchant funding could help your business, get a free online quote today!
Luckily for merchants, there is merchant funding - an alternative and unique method of securing business funds, which allows owners of retail and/or service-oriented businesses to utilize their future credit card sales and get cash for their businesses.
Small business owners who take advantage of merchant cash advances can sell their businesses' future credit card sales and receive up to $500,000 in merchant funding, which they can use for any business purposes.
Here's How it Works Funding specialists from a merchant funding company review the last four months of the small business owner's merchant statements.
Based on the merchant's average monthly credit card sales, the merchant cash advance provider will determine exactly how much the applicant can be advanced.
Typically, in about seven business days, the provider will wire those funds into the merchant's account.
At this point, the unique repayment procedure begins.
Whenever, customers make credit card purchases, a small percentage from those sales goes directly toward repaying the merchant cash advance.
Why Merchants Choose Merchant Funding Many merchants choose the merchant cash advance because it is convenient and because of the many benefits that come along with it.
Why is it Convenient? · There are no restrictions on how merchants can use their funds · Merchants are not required to make fixed monthly payments · Some providers can approve applications in 48 hours · Some providers can fund accounts in 7 business days What are the Benefits? · Merchants become eligible for renewal every 3 to 4 months · Often providers can fund renewals in 48 hours · Some merchants may qualify to receive the lowest industry rates If you think merchant funding could help your business, get a free online quote today!