Home -- Merchant Cash Advance
Home -- Merchant Cash Advance
A merchant cash advance (MCA) is a great way to access the quick capital you need to grow your business. Here at Cheddarr, we specialize in helping businesses get the funding they need to be successful, and an MCA is one of the tools you have available! A merchant cash advance provides an alternative to traditional small-business loans and is an excellent option for startup businesses that have difficulty obtaining other types of loans. Learn more about your options, and if you're ready to get started, contact our team today!
A merchant cash advance (MCA) is a type of funding that allows businesses to borrow money against their future sales. This means that businesses can get the funding they need without having to go through the traditional lending process. An MCA allows you to leverage your future earnings to gain access to fast capital. More so, because you pay back your loan through a percentage of your daily sales, it'll stay off of your credit report. This streamlined funding allows you to pay for unexpected expenses as well as grow new businesses with limited cash flow.
A merchant cash advance is relatively fast and easy, and the requirements are more lenient than other types of loans. You'll generally need to provide four to six months of past bank statements and fill out a cash advance application. The team at Cheddarr can help you through the entire process!
The amount you can borrow from a merchant cash advance will depend on your business's creditworthiness and sales volume. However, most businesses can expect to receive between $5,000 and $250,000.
The terms of a merchant cash advance are typically much shorter than those of a traditional loan. This means that you'll need to repay the advance in a shorter amount of time. The repayment schedule is also more flexible, and businesses can typically choose to make payments weekly, bi-weekly, or monthly.
A cash advance is a great option for startups that may not be able to qualify for another business financing, and it is paid back based on your daily sales, time in business, and other factors. This means that if your startup hasn't started making the revenue you're looking for, a cash advance can provide you with the money you need to grow your business.
An MCA can help your business survive difficult times. The advance can help you pay your bills, keep your employees, and cover other expenses while you wait for your business to start making money. If you're ready to get started with a merchant cash advance, contact our team! We'll help you through the entire process and answer any questions you may have.
MCA is repaid through a percentage of your daily sales or a percentage of credit card sales. This means that if you have a slow time, you'll still be able to make your payment without putting a strain on your business. MCA is a great option for businesses that have irregular sales or are looking for a more flexible repayment schedule. While terms vary by lender, the team at Cheddarr can help walk you through the process and help you get the best possible financing deal for your business.
If you're looking for a fast and easy way to get the funding your business needs, a merchant cash advance may be the right option for you! Cheddarr can help you qualify for an MCA and has the experience to make the process as smooth as possible. Give us a call today!