The ‘Merchant Cash Advance’ – Quick & Easy Capital for Your Business
The merchant cash advance provides a quick and convenient way around having to convince your local banker to lend you the capital you need.
So how does a merchant cash advance actually work?
It’s quite simple really. Our cash advance client representatives review your business’ recent credit card processing statements and estimate your expected future credit card sales.
Based on those anticipated card sales, they provide you with your merchant cash advance, which you pay back from those future credit card processing receivables.
Because the funding of your business is collected back through a percentage of future sales, there is no fixed monthly payment or predetermined payback period for your business cash advances, only an estimated payback period.
So you pay back the advance only as you get paid for selling your goods or services.
Do I qualify?
The qualification prerequisites are as follows:
- Because the cash advance is based on credit card processing receipts, your business must have been accepting credit cards for at least the 6 months prior to your applying for the merchant cash advance; and
- You must be processing credit cards on a regular basis (every second day at least), and be able to show at least $5,000 of processing per month.
What is my next step?
There are a three ways to proceed:
1. The easiest way to proceed is to simply give one of our customer reps a call, toll-free at (888) 383-8056. The rep will take a few minutes with you to speak about whether you will qualify, how the merchant cash advance program works, and how much of a business cash advance you may expect to receive, etc. From there, the actual application process is quite easy and won’t take long.
2. Alternatively, for additional information about our business cash advances, email us, at sales@thetransactiongroup.net.
Get started today!
