• 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.
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.
What is a Merchant Cash Advance?
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
What is a Merchant Cash Advance – and How Does It Compare to a Business Loan?
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:
- A low credit score will not disqualify an applicant and is rarely the deciding factor in an approval decision
- Since merchant cash advances are based on projected sales trends, no collateral is required
- While bank loans have non-negotiable repayment schedules, our customers can take advantage of flexible repayment options
- Less paperwork and faster approvals; while bank loans can take weeks to process, our financing can be available in a matter of hours
- While many times bank loans will only be granted for a narrow range of projects, our financing solutions can be used for a wide range of activities to help grow a business and improve the flow of money needed to meet operating expenses
What can Advances be used for?
What Can Merchant Cash 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:
- Funding improvements, renovations or repairs
- Expanding to a larger space or additional locations
- Meeting operating expenses during slow times
- Running marketing and advertising initiatives
- Expanding or replenishing inventory
- Improving cash flow by creating consistency during slow cycles or seasonal lulls
1. APPLY
Apply and we’ll source merchant cash advance offers that correspond to your business goals and preferences.
2. GET CAPITAL
Get answers within hours. Then receive a cash flow infusion within days (or even hours) from approval and offer acceptance.
3. GROW
Use the money to expand, renovate or offset unanticipated expenses – for nearly any business reason you choose.
Why Work With Us?
Merchant Cash Advance – Why Work With Us?
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:
- Fast funding! Go from approval to funding in 24-48 hours – or even faster
- Competitive offers with merchant cash advances up to 150% of average monthly card transactions
- High approval rates – most applicants receive at least one offer
- Professional, personal customer service from a knowledgeable account manager
- Competitive rates
- Flexible repayment options
- No proposal, application, due diligence or credit check fees
- Based on sales trends not a credit score or collateral
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.
Get a free, no-risk quote —
