$2,500 - $250,000
All businesses have the need for extra capital now and then.
A merchant cash advance is a good way to get the capital you need quickly.
Interest on a cash advance is measured with a factor rate instead of an interest rate.
Factor rates normally range from 1.14 to 1.48, to figure out what is owed on a cash advance, we multiply the factor rate by the amount of capital extended.
Most cash advances are provided on a short time frame lasting from 4-8 months.
Terms go as long as 18 months, depending on your business.
The higher the percentage of credit card sales that are payed, the shorter your repayment term and the tighter your cash flow.
Repaying a loan with daily credit card sales will tighten your cash flow more than you'd think.
A benefit of a cash advance is that your payment amount decreases depending on how well your business is doing. Unlike a term loan where the amount never accommodates the flow of business.
It's risk and cost free - prequalify without affecting your credit!