Merchant Cash Advance For Your Business
Sometimes businesses need a little extra working capital to get through a slow season, fill a big purchase order, or launch a marketing campaign. A Merchant Cash Advance is a great way to bridge the gap through your working capital challenges. Sometimes referred to as a Merchant Cash Advance Loan, availability or loan size is calculated based off of your past few months of cash flow and your ability to repay the loan. This type of financing is on the more expensive side of the business loan cost spectrum because it's often an unsecured loan and there is a very quick turnaround. They come with little to no up front costs and are paid back by daily or weekly payments from your bank account.
Who are Merchant Cash Advances for?
Cash Advances work great for any business with steady cash flow. There are no industry limitations. Retail, Resturants, and businesses with quick turnover of products can benefit from this quick access to capital.
How do I qualify for a Merchant Cash Advance?
Merchant Cash Advance qualification is pretty easy. Complete our application here and send 6 months of bank statements to Submissions@mrktcapital.com. The application is reviewed and you can receive funding within 24 hours.
Cash Advance Rates 18%-35%
Term 3-18 Month Commit
Set Up 24-48 hours
How long does funding take for a Merchant Cash Advance?
Cash Advances are typically funded within 24-48 hours of receiving a term sheet. Since the information is easily verifiable and the loan amounts are sometimes smaller funding can happen quickly. There are companies that provide online approvals and online loans that that can even fund same day in some circumstances. Email email@example.com and we can help you get funded today or tomorrow. You will simply apply online and
Do I need a personal guarantee for Merchant Cash Advance?
While some people refer to them as Cash Advance Loans, they are unsecured and they are not technically "loans". It is rare that you will have to provide a standard personal guarantee. One might be requested in order to protect us against fraud and mismanagement.
What can the funds be used for?
Merchant Cash Advance lenders do not restrict use of funds and there are never any loan covenants or restrictions. Their ease of use make them very attractive to certain borrowers.
Does MRKT Capital provide this type of funding?
Yes, we certainly do. Please contact us today to see how much you qualify for.
**This type of funding is different than payday loans, payday advances and