Another solution we offer for a quick cash inflow is a Merchant Cash Advance, which is not a loan. When a line of credit is not an option for you, you can opt-in for a Merchant Cash Advance, a purchase of future credit card receivables.
Here’s how it works:
First, we buy a set dollar amount of your future credit card sales at a discount.
Next, we transfer a lump sum of cash into your company’s checking account.
Then, when you make money, we collect the set percentage from each credit card transaction.
Finally, you’re happy and we’re happy.
A Merchant Cash Advance is an excellent option since there’s no principal or interest. You get your money quickly and hassle-free. The paperwork is simple and our expert team of account managers is ready and able to help guide you along the way.