Get Business Funding
A merchant cash advance offers immediate funding in return for a portion of your future sales. It's akin to invoice factoring but depends on the overall health of your average business checking deposits instead of individual invoices. The funding company reviews your application and decides on the advance amount they will offer. Upon approval, the funds can be transferred to your business checking account on the same day. Repayments can be made through automatic ACH withdrawals or by deductions from your credit card processor, and these can occur daily, weekly, bi-weekly, or each time you process your credit card transactions.
Who can benefit from a Merchant Cash Advance?
When it comes to obtaining business funding quickly, a merchant cash advance is often the most efficient option. Additionally, this product is suitable for any business owner seeking immediate working capital, as it does not have any specific requirements regarding the use of funds.
Where should I begin?
As a business, your initial step should be submitting an application along with some credentials. Typically, funders will ask for 4 months of bank statements and a signed application to initiate the process.
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