If you’re reading this article it’s likely you’re a business owner that’s looking for capital quickly and easily. This could be for any reason including buying equipment, opening a new location, hiring staff, and more. Whatever your reasons maybe for looking at business funding, a merchant cash advance can help. In this article, we will discuss exactly what a merchant cash advance is and the top 5 reasons you should be using it to help fund your business.
What is a Merchant Cash Advance?
A merchant cash advance is a fast and easy way for your business to get the money it needs to grow. As a small business owner, you may think that the only real way to get capital is through a business loan. However, that is simply no longer true. In the distant past, this may have been the case but others are slowly figuring out that there is an easier and better way.
As you may already know, business loans can be difficult to get. Funding has become less available than ever, interest rates are high, and most small businesses just don’t get approved. Even if you do get approved, there are further hoops you’ll have to jump through. After all of that, the money you finally do get will have restrictions on it.
Enter merchant cash advances. The smarter, faster way to get business funding. Merchant cash advances allow you get the capital you need upfront without harming your credit score, as business loans are known to do. There are even more advantages that you should know. We’ll discuss the top 5 reasons your business should consider a merchant cash advance below.
Top 5 Reasons to Get a Merchant Cash Advance
1. They are Fast and Easy.
The hardest part about applying for a merchant cash advance is finding the right provider. It’s important you find a provider that is not only reputable but also offers flexible payment options. To make this search fast and easy, as promised, use Host Merchant Services. Host Merchant Services will find the cash advance partner that fits you best so you won’t have to waste time searching.
All you have to do is fill out a quick application. Host Merchant Services will then find the perfect solution that best fit your needs. Each offer is explained in detail and we will help you choose the right advance for your business. Once you accept the advance, Host Merchant Services can get you your working capital in as little as 24 hours! Compare this to the months it often takes to even have your application reviewed for a traditional business loan.
2. There is No Collateral Needed
If you’re looking for a business loan from a bank, you’ll be required to provide collateral. For many people, this ends up being their home. If something should happen and you’re unable to repay the loan, in that instance, you could lose your house.
Merchant cash advances are different. They are unsecured and not technically a loan, so you don’t need collateral. Therefore, there is no fear of losing your home or any of your business assets.
3. There are Flexible Payment Options
Many merchant cash advances offer flexible payment options that allow you to choose how to pay it. Some of these options include daily and weekly ACH payments.
Traditional business loans from a bank require you to pay one fixed amount every month. These come with high fees and no consideration for your sales or business. Merchant cash advances are based on a fixed percentage of your sales. So, if your sales are down one month, you won’t have to scramble to try and make some ballooned bank payment.
4. You Can Use Your Money How You Want
Merchant cash advances provide the ultimate flexibility in how you spend your money. Many business owners who do get approved for business loans, quickly find out that the bank strictly controls how you can spend it. When Host Merchant Services finds the right provider for you, you can be assured that you will be allowed to spend your money how you see fit.
Host Merchant Services believes that every business should have complete control of their cash flow. You’re looking for business funding and we’re here to provide it to you with no hassle and no restrictions.
5. No Credit Checks
A major factor weighing on the minds of many small business owners is their credit score. Even if you have fair or good credit, oftentimes, it’s not good enough to get the loan you need. With merchant cash advances, there are no credit checks. Getting the cash flow you need will not affect your credit either.
Since merchant cash advance companies are not concerned about your personal credit history or your old financial records, you don’t have to waste time finding them. It can take a huge burden off your shoulders!
As you can see, getting the business funding you need can be done quickly, easily, and with no collateral or credit checks! You can fill out a simple application with Host Merchant Services and they will find the perfect provider options for you. Go over those options together and once you accept that you can have the cash you need in as little as 24 hours!
What are you waiting for? Don’t waste any more time waiting on banks who don’t have your business’s best interest at heart. Use Host Merchant Services today and get a quick and easy merchant cash advance without worry or hassle, contact us now.