Tuesday, March 12, 2019

Merchant Cash Advances

- Let's face it , Most businesses at some point in time needs some added funding to grow their business.  Where do they go ?  What do they need to get the funding?   They have utilized other peoples money ( credit cards )  and have started struggling to pay them which causes a drop in their credit scores.  It takes time to apply with banks and you need relief now .  there could be any number of reasons that you need added funds , pay off credit card debt, you need newer equipment, you have payroll to pay and it goes on and on.   The good thing is there are solutions that work. So I introduce you to or you may already know about MCA's . 
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 .
   https://gotofundingcapital_4ac8.gr8.com/gotofundingcapital                                                                           
 Linda Hair
Funding Consultant

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