Get Quick Business Funding with a Merchant Cash Advance

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Get Quick Business Funding with a Merchant Cash
Advance
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How Does a Merchant Cash Advance Work?
Unlike traditional bank loans, in which a
financial institution provides cash to a
business, MCAs are a commercial agreement between
two businesses. MCA providers are companies just
like yours and make money by providing funding in
exchange for a percentage of your future profits.
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In a typical MCA agreement, a merchant cash
advance company gives a small business an upfront
lump sum of money in exchange for a percentage of
future debit card and credit card sales. Rather
than an interest rate, the MCA carries a factor
rate to determine the full repayment amount. MCA
repayment schedules tend to be more frequent than
term business loans. Merchant cash advance
companies often withdraw funds directly from a
businesss bank account, with fixed repayments
made from weekly or daily credit card sales.
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How to Get MCA Funding
There are many reasons why you might want to work
with a merchant cash advance company. You may
operate a restaurant in a vacation town and need
an influx of cash to get through the slow season.
You might sell medical supplies and need some
money to boost inventory before a major
conference. Your construction company may have a
long payment cycle and needs money to start the
next job before the last one has paid you.
Whatever the reason or type of business, an MCA
can provide fast access to cash.
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The typical process to get MCA funding looks like
this

• Research Look into leading national and local
  merchant cash advance companies to find the right
  fit for your business. Some of the top MCA
  funding providers include Biz2Credit, Fora
  Financial, and Reliant Funding.
• Gather documents The eligibility requirements
  for a merchant cash advance funoding are
  typically lower than a traditional loan, but
  youll likely still need the following
  documentation

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• Apply Most MCA providers offer a streamlined
  online application process that you can fill out
  quickly.
• Get approved and funded your funds may be
  deposited in your bank account withing days of
  your application.

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Benefits of MCA Funding
Merchant cash advances have a number of benefits,
especially for small business owners with bad
credit or businesses that need cash fast.

• Fast funding The main advantage of MCA funding
  over other types of financing is speed. Many MCA
  providers offer quick funding.
• No collateral You usually wont have to put up
  collateral or a personal guarantee to secure an
  MCA loan, like you would with a traditional loan.

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• Lower eligibility requirements Traditional bank
  loans often have strict monthly revenue and
  minimum credit score requirements, as well as a
  minimum time in business. Most MCA providers may
  have low (or no) personal credit score
  requirements and are willing to fund startups
  with less established income history.
• Flexible repayment Since repayment is based on
  your sales, your payments drop when business is
  slow, ensuring youre not stuck with a fixed
  monthly payment that you cant afford.

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Why Choose Biz2Credit?

• Trusted partner for franchise funding
• Biz2Credit was founded in 2007 and has provided
  more than 10 billion in loans.
• Dedicated support team
• Tailored financing solutions

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Thank You