Merchant Cash Advance Business Funding Solution
There are seemingly fewer and fewer options for the small business owner who is looking to build or expand a company. The large banks are continuing to conserve their capital, depriving small business people of the funding they need.
However, there are other options and the disfunction of big banks may actually be a blessing in disguise. Even if the banks were able to provide funding for a business loan without all of the waiting and the fees that are incorporated into the interest rate, they would not be able to do it without the needless bureaucracy.
Jumping through hoops for a business loan is something that many small business people think that they have to do when nothing is farther from the truth. A merchant cash advance provides the same money in less time and with less hassle – there is simply no reason to go back to a big bank once you have experienced the way that a loan is really supposed to be administrated.
The Advantages of a Merchant Cash Advance
Merchant cash advances can occur much more quickly and with less paperwork than the traditional loan.
Because the merchant cash advance company is not concerned about personal credit history or your old financial records, you do not have to waste the time that it would normally take to go and find them. Also, you will not have to wait in line while those papers are processed, checked for accuracy and scrutinized against probability formulas that change on a regular basis.
You can negotiate with the actual decision-maker.
When it comes to doing business with a big bank, the person that you meet with is reading off of cue cards and out of manuals. You might as well be doing business with a computer screen pressing buttons – the bank clerks have little to no power to affect true change with a loan should something come up, and it most likely will.
However, when you do business with a merchant cash business, you will have a much more flexible type of plan that can change with your growing financial needs. Not only will your plan be scalable, but you will also be able to avoid emergencies.