WHAT ARE MERCHANT CASH ADVANCES?
THEY ARE CALLED BUSINESS FUNDING AND ARE FOR BUSINESSES THAT ARE SEEKING WORKING CAPITAL TO MAINTAIN OR GROW THEIR BUSINESS AND CAN BE UTILIZED AS RECURRING REVENUE TO A BUSINESS IN TIMES OF NEEDING THAT EXTRA TO MOVE FORWARD.
AT A TIME WHEN BANKS ARE SAYING NO TO LOAN APPLICATIONS FOR BUSINESSES , WITH ONLY 2/3 'S APPROVAL RATING.
MCA'S ( MERCHANT CASH ADVANCES) ARE BEING POSITIONED AS A TRUE ALTERNATIVE LENDING OPPORTUNITY.
MCA'S ARE FUNDING TO BUSINESS BASED ON THEIR CURRENT AND FUTURE SALES.
ALTHOUGH THEY ARE SHORT TERM WITH HIGH INTEREST RATES , THEIR APPROVAL RATE IS GOOD.
BANKS- CAN TAKE WEEKS OR MONTHS TO FUND
BANKS- REQUIRE COLLATERAL
BANKS -REQUIRE A GREAT CREDIT SCORE
BANKS REQUIRE LONG APPLICATIONS
UNDERWRITING IS STRICT , THERE MAY BE AN APPLICATION FEE TO FILL OUT AND ONLY 2/3 APPROVAL RATE
VS.
MCA'S= NO FEE 1 PAGE APPLICATION
NO COLLATERAL
NOT BASED ON CREDIT
24-48 TURN AROUND ON APPROVAL
24-48 FUNDING
Now that I've introduced you to MCA, I have provided a site that will help you further with any Business funding you may need. If you know anyone that has a business and can use this service to help them please pace this information on .