The Benefits of a Merchant Cash Advance
If your small business has had trouble obtaining loans with favorable terms, a merchant cash advance may be the solution to your need for working capital. This method of financing issues advances based upon your credit card sales whether you use Visa, MasterCard, American Express, Discover or another card. Advances can be as large as $200,000 for each business location. Once an application is approved, you can expect to see funds in about one week.
The Features of a Cash Advance
At First Crescent Capital, we work with you to make the process run smoothly. Receiving an advance on your credit card sales has several advantages, including the following:
- Quick arrival of funds
- Little paperwork
- Convenient payback
- Maximum flexibility on how funds are spent
- No application fee or closing costs
You can use the advance to pay for advertising, new equipment, remodeling, inventory or other areas. No collateral is required and there is no equity loss associated with this type of lending. It is a great alternative to a small business loan, especially if your company has been turned down in the past. Best of all, a merchant cash advance program keeps your company on track to prosper.
Contact our team at First Crescent Capital to discuss your finance needs. We can help you make the best choice.