• WHAT IS A MERCHANT CASH ADVANCE •
A merchant cash advance is a lump sum of cash that is advanced to an organization that accepts credit and debit cards as a form of payment from their customers.
Our trusted business financing partner, Sharp Capital, offers competitive rates on merchant cash advance, business loan and equipment financing.
What is a Merchant Cash Advance?
When small business owners find themselves without enough money to execute marketing, expansion, renovation, remodeling, repairs and other growth strategies, a merchant cash advance can be an ideal financing tool. Merchant cash advances allow business owners the flexibility to leverage a small percentage of future credit and debit card transactions in order to free up working capital instantly.
A merchant cash advance amount is based on sales trends, making it easy to get approved. A low credit score or lack of collateral rarely affect approval decisions and even young businesses can qualify. Advances are repaid automatically as a small percentage of future card transactions, making it easy to manage.
How much financing could your organization obtain with a merchant cash advance?
Take the first step and request a free, no-risk merchant cash advance proposal. We’ll go to work to come up with a proposal that is a good match for your business needs.
Cash Advance vs. Bank Loans
Merchant cash advances are similar to business loans as a commercial financing tool that can be used to fund growth, meet expenses, preserve working capital reserves or resolve temporary cash flow challenges.
One of the most compelling differences between merchant cash advances and business loans is that a majority of merchant cash advances applications get approved, giving business owners access to the working capital they need, and doing so more quickly than typical bank financing.
Here are some of the other ways this financing tool differs from business loans:
What can Advances be used for?
Merchant cash advances are a fast, flexible way to infuse working capital into a business. The financing obtained through merchant cash advances can be used for many different growth and management purposes; including but not limited to:
Apply and we’ll source merchant cash advance offers that correspond to your business goals and preferences.
Get answers within hours. Then receive a cash flow infusion within days (or even hours) from approval and offer acceptance.
Use the money to expand, renovate or offset unanticipated expenses – for nearly any business reason you choose.
We look for reasons to say ‘Yes.” We don’t just look at a credit score or an asset list, we look at the big picture.
When you apply for a merchant cash advance, you can expect:
Competitive rates, flexible repayment options and a high level of customer care is just the beginning. Our goal is to help our customers grow their businesses from where they are today, to where they want to be tomorrow.
Our success truly depends on the growth and success of our customers. Our flexible merchant cash advance repayment options and professional customer service provide us with referrals and repeat business – we can help you tailor a business financing option that meets the unique needs of your organization.