The merchant cash advance is so much more than a simple business funding method. It serves multiple purposes to the multitude of small business owners who use them.


A Second Chance
Applying for a bank loan can be a long and grueling process. For small business owners who endure that process, only to be turned down in the end, it can be devastating. Merchant cash advance providers offer these bank loan-ineligible merchants a second chance. With minimal requirements, small business owners can get up to $500,000 in business funds. All they have to do is, own a business that processes at least $3,500 in monthly credit card sales and have owned that business for at least six months, have no unresolved bankruptcies and have at least one year remaining on the business lease.


An Extra Push
Sometimes, a bank loan or a business credit card is not enough. Often, small business owners will receive business funds to embark upon a project and once they're deep in to the project, they realize they need more funds to complete it, or they realize that they'd like to do more, but they need some extra funds in order to execute it. Merchant cash advances can be used in addition to bank loans, with no penalties.


An Idea Generator
There are no business plans, no presentations and no write-ups necessary when applying for a merchant cash advance. This is because there are no restrictions on how they can be used. Just knowing that you can qualify for up to $500,000 in business funds with no restrictions on fund usage can create a spark of innovation. It causes small business owners to think of all the ways additional cash could help their businesses. Those that apply for the merchant cash advance may have a chance to actualize those ideas.

Get a free online quote today!