Small Business Funding

Frequently Asked Questions about Merchant Cash Advances

Frequently Asked Questions about Merchant Cash Advances

A merchant cash advance is often mistaken for a loan. However, that is not the case. A merchant cash advance requires you to collect a lump sum of money and then return it based on the volume of your credit card transactions. So, you receive an accumulated amount of money, and then you have to return it gradually by reducing the percentage of your monthly sales volume. In this system, you can pay back the amount and interest quickly if your business is doing well. There is another version of the merchant cash advance known as the business cash advance…. Continue Reading This Article

What is a Merchant Cash Advance?

A merchant cash advance is a lump sum payment that a business gives in exchange for an agreement. This agreement specifically requires repayment based on a percentage of future credit card and debit card sales. You may also use the term merchant cash advance to define the payments and purchases of short-term business loans and future sales receivables.

Which LLC Small Business Loan is best for your company?

Which LLC Small Business Loan is best for your company?

A limited liability company (LLC) is a business formation beneficial for more than one key owner. Unlike a sole proprietorship, it is a separate legal and protects the business owner(s) from legal liabilities. When a company seeks to grow, securing financing is vital for expansion. Obtaining an LLC small business loan is attainable for many companies. Traditional lending institutions, fintech funding, working capital loans, and merchant cash advances are options. We will examine the pros and cons in each scenario to help your company better assess which route is more viable for your firm.

A Merchant Cash Advance is the best alternative way to fund your business now

Is your business in need of some extra cash to get through a tough spot? If so, you may be wondering how you can get your hands on the necessary funding. While there are a number of different options available to small business owners, one of the best business funding solutions is to apply for a merchant cash advance. Here’s why this type of financing could be the perfect choice for your business. What is a Merchant Cash Advance? A merchant cash advance is a short-term loan for your business offering a lump sum cash amount up front and the… Continue Reading This Article