Are You a Candidate for a Merchant Cash Advance?
If your business is tied to the highs and lows of the economy, you may encounter issues trying to secure loans from credit unions and banks. Instead of getting discouraged, you may want to look into a merchant cash advance. Under this setup, any advances that you take out will be taken against your future credit card sales to come – also known as your merchant account. You don’t need stellar credit to apply for this type of loan and it can be a great alternative when you’ve been turned down for other types of loans in the past.
Here at Providence Business Capital, we are always on the lookout for qualified businesses that can benefit from a merchant cash advance.
Advantages of a Merchant Cash Advance
Here is a list of the advantages of this type of loan:
- No collateral is required
- Takes a minimal amount of paperwork
- Funds will arrive quickly
- Easy to pay back
- No fee with application or closing costs
- No fixed payments or equity loss
- Money can be spent on any area of the business of your choosing
See How We Can Help
Rather than leveraging the future of your business exclusively on small-business loans, you should consider a merchant cash advance. In most cases, an advance can be the catalyst to get your business back on track and spur growth. For more details, contact the professionals at Providence Business Capital today!